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January 22, 2008

Pond Bay Club Is Latest Private Fractional Ownership Opportunity

From the St. John Tradewinds:

"The luxury private residence resort Pond Bay Club, under construction in Chocolate Hole, is riding the latest high-end destination real estate trend, offering a 10 to one membership ratio for each of the 50 planned three-bedroom villas on the 15-acre site.

The popularity of fee simple deeded fractional ownership has caught on in the high-end real estate market, starting in premier destinations like Aspen and Vail and quickly spreading with industry leaders like Ritz Carlton and Four Seasons jumping aboard.
Now the trend is hitting the shores of St. John with the development of the six-star Pond Bay Club, managed by Folio Collection and constructed by First American Development Group/Carib."

I wonder how the sales are going to perform during this current mortgage meltdown in the US.

Comments

Fractionals are the wave of the future in gaining access to luxury assets. Even more so with the current credit meltdown - Buyers will be looking for more cost efficient ways to own a vacation home. On November 22, 2007, the world’s first fractional buyer’s superstore website premiered. The Fractional Concierge website (http://www.TheFractionalConcierge.com) is the first website that brings together ALL assets sold as fractionals: Real estate, aircraft, sea vessels, automobiles, recreational vehicles, and everything else from handbags and artwork to dogs and organically grown meats. The website gives you detailed information, pricing and photos on hundreds of fractional assets so you can peruse the many different options.

Posted by: Daniel Giannini at January 25, 2008 10:38 AM

Sales of fractionals have slowed everywhere across the Caribbean and around the world. It is very hard to find mortgages to buy a fractional and folks just don't have the spare cash or are not willing to buy in this climate. So while they make a lot of sense it will be a while before things turn around.

Posted by: Fractional Guy at January 5, 2010 12:18 PM
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