In the words of a Developer in St Maarten: “This is the most beautiful condo project in Sint Maarten and anyone would be crazy to say no!” Additionally she went on to confirm that “If you build a marina, its a guaranteed success”.
Market demand forecasts a massive increase in revenue for the boating relating industry in the Caribbean due to the pandemic. Americans are looking at ways to isolate while the pandemic wreaks havoc on land. Where else to end up, but the Caribbean. Sint Maarten being the anchor to the Caribbean boating industry.
Compare this Cupecoy land to Las Brisas a luxury marina community in Cole Bay with 26 luxury apartments, all sold out in pre-construction at over USD500 per square foot. Now selling at USD600 per square foot. The average property size is 2000 square foot.
Similarly Simpson Bay Yatch Club in Simpson Bay demands a premium price for properties in the upscale marina community.
Every luxury residential project of mention has been successfully sold in Sint Maarten. There is an x-factor in Sint Maarten with the mixed European – American experience unique to just this island.
There is an immense appeal in the diversity of Sint Maarten, especially from the colder destinations.
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Transfer Tax |
4% |
Property Tax |
0% |
Capital Gains Tax |
0% |
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