Dave1967
Canadian looking for information about Dominican Republic
Forum posts
33
About me
Canadian
Registration: 15 August 2023
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
With respect to the above post.The poster has a personal agenda. He is looking to get out of his contract. He feels that because the SB project is behind schedule that this constitutes a breach, and feels that if he makes a big enough stink that ... Read More
Silver Beach Project by Bettihoenmann
Hi, I have invested in Noval Silver Beach. They started last year finally with the earth movements and preparation for the construction a lot of months ago. Since then no news. Anybody in the same situation and anybody knows everything new about ...
@Bettihoenmann Hi, Noval just sent an email update for Silver Beach. Check that they have your correct email address. Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@planner Ok, If the poster indicates interest I will DM them. Thanks Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@ExpatInDR DM me. I can direct you to a private group where there is a large number of investors in these projects. There you can present your concerns and discuss your plan of action with other investors. I agree with Planner. This is a public ... Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@planner Some people are probably happy. Many have only 20% of the original purchase advanced. The current market price is substantially more for direct oceanfront units than they were in 2022. If and when it is delivered, I think it will have ... Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@Wonderbread Hi Wonderbread, The developer is saying Sept 2028. So add 3 months grace period, rain delays, and any other reason that causes work to slow in the normal course of construction and you鈥檙e probably sometime in 2029. Yes, it ... Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@RockyM Noval has in online meetings presented documents that are supposed to be the environment permits. They have also distributed a communique to investors stating that all permits are in hand etc. The project has some redesigns from the ... Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@Wonderbread All necessary permits have now been issued by Medio Ambiente and the developer proceeding with the project. Understand what you are getting into when investing in pre construction projects. Read More
Moving to Punta Cana with 2 kids from Canada by Kriss1989
We are considering moving to Punta Cana or Sosua. We have 2 kids (5 and 10). I don't think we will have an issue with the residency as we do have a property in Punta Cana and we do have our own business that allow us to WFH (in fact we are 100% ...
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The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@sgreen3737 Don鈥檛 be so defensive. This is not an argument. It鈥檚 a discussion forum. If i have upset you by asking you for clarity on something that you have written here then I apologize. But your point about Noval is still weak. ... Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@BettihoenmannSilver Beach, Las Terrenas Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@sgreen3737I asked you to provide more clarity on the point that you repeatedly make, that Noval is not a construction company, and how this is a significant point. You did not answer, but instead become indignant. Please make your point. ... Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@BettihoenmannYes the FB group still exists. If you're a buyer of Silver Beach you are welcome to join. Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@Bettihoenmann Stopping payments is a good idea and the best you can do at this time. I was unable to do the same on the unit I purchased with Noval at the time. I was informed from Noval's recent zoom conference that they expect to start clearing ... Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@sgreen3737yes, there is tremendous frustration of buyers in The Reef project.聽 聽They deserve some explanation for the unacceptable circumstances that have unfolded, not to mention interest paid on the sums of money that Noval has ... Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@sgreen3737I agree with virtually all of the points presented in your post. It might be worth mentioning that with the 鈥渟camdemic鈥� (pandemic) most likely had a significant impact on the timelines of the projects that were sold in 2019. ... Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@Info1059 It appears as though the size of the property is 188,000 square metresTherefore this project would meet the zoning for number of bedrooms per hectare as per Resolucion 06/2011- Ministerio de Turismo DPP.聽 It appears that you are ... Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@Info 1059 How many hectares is the plot of land for The Reef project? Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@Jaqp84 There is nothing happening at The Reef property. I walked the accessible perimeter the other day.Join the Facebook group Silver Beach Las Terrenas to connect with others invested in The Reef and Silver Beach projects Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@Papito NLYes exactly. Every rain day contractually adds three days to the deliver date. The Force Majure clause in these contracts might be construed to include lengthy delays due to issues involving environmental permits or other bureaucratic ... Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@DRVisitor 3% interest per month = 36% annualized鈥�. I don鈥檛 think so Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@ddmcgheeThat鈥檚 very nice for you to offer. Much appreciated. Thanks! Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
I started at FB group called Silver Beach Las Terrenas. Welcome to all Silver Beach and The Reef buyers. Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@Dave1967 interesting. Why do you think that? I'm asking as an investor who has bought a property at the Reef and wondering what will happen. Thanks for your response! -@claudettefowler91claudettefowler91 I think the fundamentals have ... Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@Dave1967 what鈥檚 your hunch? Curious to hear your thoughts -@claudettefowler91My hunch is that when that land/site is eventually developed it won鈥檛 be called The Reef. Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@Harris LevinsonI assume that the hundreds of contracts that Noval has with clients are all basically similar, if not the same.I am hoping someone who purchased a unit at The Reef might speak up and share their experience and what they have been ... Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@Dave1967 It is not 20%. I did buy one. 2/3 of the price must be paid by August 2024 and the remaining third at completion and title. Noval said it is not a breach of contract contract as the company has till March 2025 to complete the project. ... Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
Seems just normal here. The more likely scenario is they have run out of money and need to blame something else. If value went up that much then costs went up too! -@plannerI think there are a multitude of complications that can arise in their ... Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@planner whatever the case may be, the project is terribly behind schedule. However I suspect not everyone is crying about it. The value of the condos that buyers have contracted to purchase have probably increased in price by 100k, and ... Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@Yebel3 The response from Noval may indeed be true. Quite possibly any title issues, if originally true may be resolved by now. I do not know.A third party environmental report does sound plausible to me given that there is a small river (bigger ... Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@Yebel3 Apparently there are three separate parcels of land that Noval Properties acquired for this project. My understanding is that there is a title issue on one of the parcels. The project is delayed until the court resolves the issue.Hope this ... Read More
The Reef Project in Playa Bonita by Yebel3
Does anyone know what is creating delays in the residential projects in playa bonita. Is it iack of permissions/ red tape/etc.? I was told that the Reef by Noval sold out over a year and 1/2 ago yet construction has not started. I am interested ...
@Yebel3 my understanding is that The Reef is to be built on three separate parcels of land that was acquired by Noval for this project. Apparently there is a title issue with one of the parcels and the issue needs to be resolved by the court ... Read More