Olusung, North Palau
The Property is located on Palau’s main island of Babeldaob, a thirty (30) minutes' drive from the Palau International Airport. The property is 45 minutes drive from Palau’s capital of Koror.
Olusung, North Palau
The Property is located on Palau’s main island of Babeldaob, a thirty (30) minutes' drive from the Palau International Airport. The property is 45 minutes drive from Palau’s capital of Koror.
The Property
This Property has been legitimately filed with Palau Land Court. The Palau Land Registration Act requires that all lands in Palau, private and public, be surveyed and registered in the country's Land Court.
This is an important investment advantage, given the uncertainty over land titles and land rights of the Pacific Islands, in the aftermath of WWII.
The Property comprises 15.9 hectares within a lush coconut preserve known as “Ryan’s Landing” - facing the North Pacific Ocean in Elah Ngaraard State, northern Palau.
Access is via the Palau’s main, north-south highway, and the land connects to Palau’s main water and electrical infrastructure. The land expands and opens onto the ocean, along a 300 meter white sand beach facing southeast.
The beaches in Palau are government owned.
TOTAL LAND PRICE: USD $4,634,985
• Lot 1 - 99 year lease (95 years remaining).
• Lot 2 - 50 year lease (30 years remaining).
PALAU
Central within Asia
Designated as a UNESCO World Heritage Site, Palau comprises of over 300 limestone, “Rock Islands”, stretching more than 160 kilometers from tip to tip, this archipelago is one of the most diverse marine ecosystems on Earth.
Palau is also part of the “coral triangle” - a "global hotspot of reef biodiversity". The nation’s reefs are considered one of the “7 underwater wonders of the world”, with an estimated 350 species of coral and more than 1300 species of reef fish; with one of the world’s largest shark preserves.
While secluded and pristine at “the Rainbow’s End”, Palau is also geographically central within Asia - reachable by air within 3-4 hours flight time from all of the major cities of Asia and the Pacific Rim.
Investment Friendly Factors
Palau’s investment friendly advantages include:
• 99 year leasehold for land;
• USA, Title Insurance available;
• Developer/buyer friendly condominium laws;
• Developed road, utilities and postal infrastructure;
• Stable government; USA cross-jurisdiction;
• No income taxes;
• U.S. banking system available;
• Off-shore corporate registry legislation currently under review;
• US-OPIC government loan guarantees available.
PROPOSED DEVELOPMENT SCENARIO – WORLD’s FIRST MARINE RESORT/RESIDENTIAL COMMUNITY
The following pages outline a possible development scenario for the development of a branded “Marine Resort & Residential Community”. The unique feature of this development would be to combine marine conservation ethics and facilities with luxury resort and condo real estate profitability in Palau – a nation that is not only the leading eco-friendly nation in the world, but is also one of the world’s top ranked tourist destinations; one that is in short supply/high demand for places to live and stay, short and long term.
The development is to be centered, and branded, around a “Marine Resort Campus”. The purpose is four-fold, to ensure that this one-of-a-kind development is a symbiotic success:
1) to attract affluent vacation visitors, and second home buyers, who come to Palau to experience this pristine marine eco-system; and who are, similarly, conservation minded;
2) attract universities looking for locations to rent space in Palau for graduate student programs in marine biology (in high demand);
3) to seek non-profit status for tax benefits, and to spur and attract philanthropic donations around the world to maintain the campus;
4) develop a co-existing, profitable commercial resort/for-sale condo-villa development whose enhanced value is its conservationist brand & ethos.
MARKET STATISTICS
Condominium Development
Given the lack of hotel rooms in Palau, and its ranking as a top vacation destination for affluent visitors, there is a demand for high-end condo- ownership.
There is considerable demand for vacation rentals, due to the shortage of hotel rooms. And there is also a high demand for longer term rentals, from the Palau’s influx of working professionals - consultants and workers from the US government/military personnel, legal experts, environmental NGO’s, and University, research graduate students and professors.
Monthly long term rentals for serviced apartments in Palau range from USD2,500 to $5,000 per month.
The Palau Condominium Law of 2010 was specifically designed to encourage developers to build for-sale condos that could then be operated and rented out. Developers are allowed by law to use buyer deposits for construction.
Land and House rentals for 25 years, range between $2,300 to $3,000 per sm., all payable in advance.
