Custom Search

Wednesday, April 23, 2008

Atlantis 'Reef' projected to be Sold Out in 1 year

The Atlantis Reef condotel, consisting of 495 units, is likely to be sold out "within 12 months" if the sales pace is kept at the same momentum it is currently on. In the first three and a half months of 2008 (January to 21st April), fourty seven units were sold. Just over 70 percent of the condo units at The Reef Residences at Atlantis, Paradise Island have been sold.

Bruce Weiner, president and chief operating officer if Turnberry Ltd. , (Kerzner International's joint partner in this business venture) said "I would say that in spite of everything that is happening, given the economic slowdown we are doing good. Not great, it could always be better, but good.

"It's been good. Of course, I can't say what may happen later this year, but if we continue on the current pace that we are on now, we should be able to sell the remaining 146 units within 12 months."

4 comments:

david santos said...

I loved this post and this blog.
Have a nice day,

PINDER'S Property Management said...

Thank you David. I appreciate you taking the time to post your thoughts.

Anonymous said...

The current bump in sales is happening while prices keep rising. The Ocean Resort view is almost sold out.These are the units ending in even numbers.

Doris M. Bennett said...

Thank you for the update, very nice site.. New CPP41419 Units