PUERTO CANCÚN INITIATES ITS THIRD PHASE OF COMMERCIALIZATION

• 13 condominium, commercial, and hotel lots are available in the interior of the development.
• Condominiums and commercial lots on Bonampak Avenue are 100% sold out.
• Only 50 waterfront residential lots are left.

Cancún, Quintana Roo, Mexico, july 10th, 2005 -Due to its great success, in less than 13 months since the initial commercialization of the property, Puerto Cancún is ready to offer for sale condominium, commercial, and hotel lots located in the interior of the development. This is the third phase of the commercialization, following the development of Bonampak Avenue and the single family homes.

This third phase of commercialization includes 26 lots that are available for development according to the projectÕs Master Plan. Because of their privileged location, they will be of great interest to investors. There are three types of lots available:

1. Condominium Lots

Puerto Cancún includes the construction of up to 2,100 residential condominiums, of which approximately 50% are located on the interior lots of the property. These spaces range between 5,200 square meters up to 40,000 square meters, with an average selling price of 390 dollars per square meter. Specifically:

1. High-density condominium lots
These include a view of the ocean and golf course, and amazing views to the marina. In this section of 10 lots, up to 800 condominiums can be constructed.
2. Medium-density condominium lots
All of these lots enjoy a view of the golf course, and some have a view of the marina. These six lots will allow up to 190 residential units.

2. Commercial lots

This zone is a fundamental part of the Master PlanÑsince these lots will provide all the necessary services for the more than 4,000 residents of Puerto Cancún. This will allow residents to have everything they need within the propertyÑwith no need to look any further. All commercial lots will have direct access to the marina and/or an unbeatable view of the golf course and Caribbean Sea.

The shopping center will no doubt be one of the main attractions of the projectÑbeing the first of its kind. It will combine all features of a modern shopping center, including some of the most prestigious brandsÑall surrounded by a touch of fresh air and the marina.

3. Hotel lots

In addition, the commercialization of the hotel strip has begun. Within the project, 4,288 rooms will be built. All the hotels are five-star facilities targeting golf and boating tourism.

Here is also some information on the latest advancements of the first two phases of development in Puerto Cancún.

LOTS ON BONAMPAK AVENUE

In record time, Puerto Cancún sold 100% of its 9 commercial lots and 11 condominium lots located on Bonampak Avenue. These first 20 lots already have basic services.

Homa y Asociados, Salvador Becherano y Heinz Ketter are only a few of the recognized condominium developers that have decided to invest in Puerto Cancún. At the moment, they are developing the executive plans of their projects and very soon will begin construction.

SINGLE FAMILY LOTS

The sale of these residential lots has had an amazing acceptance in both local and foreign markets. At this time, there are only 50 ocean-view lots remaining. With these results, Puerto Cancún has proven to be the best investment option in single family homes in the region.

URBANIZATION PROGRESS

The basic infrastructure of the project has progressed with 95% of navigating channels and 65% of roads completed. The golf course is currently in the land-clearing phase, and construction will begin shortly and be completed with 18 months.

Ecological preservation is also a fundamental part of Puerto Cancún. In 1998, a nursery was established where more than 90,000 plants of 44 different species from the region have been rescued. Within the project, an area of 75 hectares will be destined for ecological preservation.

“Puerto Cancún is an integrated project that will diversify the tourism alternatives in Cancún and place it again as one of the most competitive tourist destinations on the American continent. Its Master Plan includes the first marina in Cancún, a golf course of professional caliber, and hotel, residential, and commercial zones.”

<< Previous | Next >>