Thanks for the feedback. I really liked Mahanahite's(sp?) rebuttal. Indirectly the average dominicans will benefit from these projects. EVerywhere you turn there is some construction project which is a great thing as many pointed out. NY4life, I think for DR to be the metropolis of the caribbean alot of libararies need to be added and motos need to be regulated along with people driving without headlights with a whole family holding on for life. The city has great bars, restaurants and night life but one has to take consideration of foreignors coming along with their kids. So, alot of family fun activities should be taken into consideration. Also development in other provinces would be a good idea other than Santiago. Another thing I would like to see taking a boom is the educational system for good sake this is a big big problem. Keep them coming.

One of the projects that will impact the city economically, will be the Sans Souci Mega Project.

After improving the facility of the first terminal (Santo Domingo’s port) by the end of this year the second terminal will be ready



Construction Update


This is Laurel Tower


Construction Update

Damn everytime I look in this thread I want to begin investigating a purchase. Unfortunately I love my home in the island of Manhattan even more, and I want to first somehow own a place here

I hear you man. Two great islands. JFK to SDQ.

"Damn everytime I look in this thread I want to begin investigating a purchase. Unfortunately I love my home in the island of Manhattan even more, and I want to first somehow own a place here "

The one peice of advice that my father was always adamant about was to make sure I owned property in the States before anywhere else, including DR. I think it's sound advice, especially for those of us with roots in the States. I'll give you an example of what I mean: In the 80s my grandma's cousin was offered a building by one of her children at a bargain price. What did my grandmother's cousin do instead? She went ahead and brought a house in DR. Mind you that's OK. She still owns the property in DR and her family and herself have enjoyed said property thoughout the years. But what of the building she could've brought here in New York for a steal? Today that building is worth 1.1 Million, and she could've initially brought it for 80, 000 US dollars in the mid 80s. Had she brought that building here in the states back then from her daughter her bottom line would've been much greater then what it is today.

Its like Cap Cana... you buy a condo now for 1 to 3 million dollars and in a couple of years it is worth for about 5 million dollars

Residensial tower being constructed in SD

Torre Hispaniola


Construction Update

"Its like Cap Cana... you buy a condo now for 1 to 3 million dollars and in a couple of years it is worth for about 5 million dollars"

That could be the case but that's a high-end investment. You're just not going to get that type of return if say, it was a home in the campo or a small town. Many Dominicans do that. Thay'll invest the money that they've made here in the states on property back in dr in their respective locations without securing anything here first. I think it's a big mistake.

My issue in NYC is that the nominal amounts are so high for apartments in buildings many times older than I am! I do believe that even with current housing market problems in the US, NYC real estate will continue to be a good investment*. I think 20 years from now Inwood and Wash heights will not be Dominican neighborhoods, and the sad fact of the racist world is that this means property there will be even more attractive to moneyed buyers. These two neighborhoods are really under appreciated gems...great locations, TONS of park space...plus I grew up here so it just feels like home.

*Unless of course Wall St. goes to shit for too long and NYC goes back to grime

"NYC real estate will continue to be a good investment*"

I have to disagree with you. As far as real estate goes new york city is a pretty sound investment. Even the sub prime crisis which brought down the prices of homes all across the country had little or no effect on the price of the housing stock in the five boroughs (some properties have actually gone up in value since the sub prime fiasco began). Besides, if your a property owner here in New York it's become more than obvious that rent laws are in your favor and rents are practically astronomical. I just finished buying a property here in New York at a fixed rate and lo and behold the rents alone can pay my mortgage. Can't beat that.

Cib I think we agree that it is a good investment...like I said my prob is the amounts are still too much for me. I think after one more promotion and then a good year w/nice bonus I'll be looking in the right range. I only mentioned that there's always the chance of a 'black swan' random event that puts NYC back in the toilet we crawled out of last decade.

Also I don't think I want a building or the headaches of being a landowner, just an apt or two.