NEW GOLF APARTMENT RELEASE

2nd January 2008

We are pleased to announce the release of Punta Perla Golf Apartments AP-5. Set within one of the three signature golf courses on Punta Perla, the golf apartments offer a spacious and high standard of living ideal for golf enthusiasts, their friends and families. Each apartment has it’s own private spa on the terrace as well as direct access on to the golf course and is in close proximity to many of Punta Perla’s first class facilities and beach. The AP-5 block is very special, the size of the apartments are 15% bigger than the previous blocks plus the usual great financial benefits, the government tax incentives with the guaranteed uplift of 30% over the original purchase price then you have a truly exceptional investment opportunity.

With prices starting from $392,000 USD and only a 30% deposit, the investment starts at: $126.900