Baha Mar, the highly anticipated US$3.5 billion (S$4.48 billion) integrated destination resort currently being built in The Bahamas, will launch residential sales in Singapore this weekend, June 29 – July 1, 2012, at the Conrad Centennial. Singapore world travellers are invited to own a piece of the 400-hectare multi-property resort enclave, which will feature top hotel brands Rosewood Hotels & Resorts®, Mondrian, and Hyatt Hotels and Resorts, and will boast the largest casino in the Caribbean at The Baha Mar Casino & Hotel.
“Baha Mar is designed to make our most sophisticated modern Asian guests feel at home and it is an incredible opportunity for discerning high net worth individuals,” said Richard English, Senior Vice President of Residential Sales. “We are creating not only the largest resort destination in the Caribbean, but are also introducing a lifestyle not currently available to buyers in this region. At Baha Mar, residents and guests will be able to enjoy the breathtaking beauty of The Bahamas and still find the luxury and excitement of their favourite cosmopolitan destination.”
Luxury hotels and residences
Scheduled for opening in late 2014, Baha Mar will boast a total of 2,200 hotel rooms, spread across four major hotel brands including Rosewood Hotels & Resorts®, Mondrian, Hyatt Hotels and Resorts, as well as the new, dazzling centerpiece of Baha Mar, The Baha Mar Casino & Hotel. Baha Mar’s stunning, new 9,000 square-meter casino will be one of the most compelling and exciting gaming experiences in North America, comparable only to the best in Las Vegas. A total of 307 private, freehold residences are available for sale and located within each of the hotels, offering a lifestyle choice to suit all buyers.
Business and leisure
Baha Mar will also feature some of the most advanced and versatile convention facilities in The Bahamas, with a combined 19,000 square meters of space, portions of which can also double as an entertainment and sports venue. Other amenities will include 19,000 square meters of retail and entertainment experiences, combining upscale shopping boutiques with authentic Bahamian arts and crafts galleries, chef-branded restaurants and exciting nightclub and entertainment offerings.
More than 8 hectares of beachfront experiences will transport guests to the natural habitat of The Bahamas. Pristine beaches with crystal clear waters are set along exciting pools, groves and coves where docile sea animals abound. Two unique spas, including the most complete spa experience in the Caribbean, will be set along one kilometer of one of the most pristine beaches in the world. The planned 18-hole Jack Nicklaus Signature Golf Course will be one of a select few top-tier Nicklaus courses in the world, bringing a new, true championship course to The Bahamas.
Baha Mar is fully funded and will be built in a single phase, with all hotels, residences and amenities completed by opening date in late 2014. The project has received US$2.45 billion of debt financing from the Export Import Bank of China, a state bank solely owned by the Chinese government, and will be constructed by China Construction America. Baha Mar will create a total of 8,000 permanent jobs for Bahamians and contribute an estimated US$1 billion to the local economy, generating a GDP contribution of US$11.2 billion (ten per cent) over a 20-year period.
With prices starting at US$1.5 million, ownership at Baha Mar offers a number of compelling lifestyle benefits. Freehold title in the residences will be sold by deed and can be held by the purchaser in perpetuity. Purchasers have the option to enjoy year-round personal use of their residence or participate in Baha Mar’s rental program, which allows for up to 90 days of personal use per year.
All property owners enjoy tax-free capital gains upon resale, but owners electing to join the rental program may enjoy savings on the purchase price as a result of tax waivers made available by the Bahamian Government and pay no real estate taxes for the first 10 years. In addition, the rental program allows owners to convert a portion of their personal usage for credits that can be redeemed for accommodations at more than 300 luxury hotels around the world.
All Baha Mar owners are eligible to apply for permanent residency status in The Islands of The Bahamas, an English-speaking country with excellent infrastructure, stable legal and financial systems, and high standards of affluent living.
Conveniently located just a 45-minute flight away from Miami, Florida, The Bahamas lies at the southeastern tip of the United States and shares the same Eastern Standard Time zone as major east coast cities including New York. The capital of Nassau, where Baha Mar is situated, also has direct flights connecting to international destinations such as London, Havana, New York and Toronto.
For further information, please visit www.bahamar.com
Singapore Exhibition Details:
Date: Sat, 30th June & Sun, July 1, 2012
Time: 11am – 7pm
Venue: Conrad Centennial Singapore, Grand Salon Room