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.