Article 13 of 23 :: 11-Jan-2007

Sambala celebrates completion of Phase One properties

Sambala, the leading developer in up-and-coming overseas property hot-spot, Cape Verde, is celebrating this week following the news that it is the first developer to complete the construction of the first release of Phase One properties.

Sambala is the largest luxury resort developer on the most stunning of the islands, Santiago and still leads the way in the property market within the archipelago as the first environmentally sound project that adheres to a strict code of practice, both with respect to the social fabric and local ecosystem.

Construction began in 2005 and already much of the resort's infrastructure, including desalination plant, irrigation system and road network, is complete.

Switched-on overseas property investors have already pounced on Sambala's luxury homes, with the first phase of 450 freehold townhouses and apartments in Sambala Village having sold out within months of release.

The Phase Two villas and townhouses of Vivendas de Santiago and Sambala Village, which are also completely sold out, all enjoy superb views from the magnificent escarpment over the bay of San Francisco, where a sublime white-sand beach and a dramatic river-valley lie among the surrounding tropical landscape.

What makes Sambala different to other developers is the way in which it is vertically integrated in the properties and the developments all the way through to completion and beyond.

Investors in the area will find that Sambala makes their property work for them by guaranteeing investors five per cent of their purchase price for a minimum of five years as well as incurring the cost of housekeeping, all maintenance fees and marketing and administration.

Read the full article and more Sambala news >>
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