If you are after an investment property with an owner-occupied finish coupled with rare water views, this is the unit you have to go for. Construction will commence as soon as the land settles in 45 days’ time and the expected completion date will be some time in May 2010. It’s a 5-stage progressive draw down for the construction and foreigners with sufficient income serviceability can get up to 80% financing (only standard construction loans available) for the entire land and construction package.

The unit is priced in the low $400K with latest valuation report by bank panel valuers. The great thing is I can show you how you can finance this property such that it will yield positive cashflow at completion next year. It’s a relatively reasonable purchase if you are looking for something with great future capital growth potential. When I visited the place in May 2010, they have started moving the earth for the development of the town centre nearby this project. For more information, you may email me directly.