T H E C O R A L D E V E L O P M E N T U P D AT E J U LY 2 0 1 4
THE CORAL SITE PLAN
Road works on the beach front part of the site, July 2014.
D E V E LO P M E N T U P D AT E Road works have now reached the final part of the site at the beach front. In order to facilitate the organisation of the construction of infrastructure throughout the site, ground works have been divided into three phases:
The main boulevard that runs through the entire length of the development, from quadras 56 to 3, is now complete. Secondary roads from quadras 30 to 3 are prepared for the final layer of pavement, with the road foundations consisting of 30cm of redsand on top of a rock base.
- Phase One in quadras 56 to 31 - Completed - Phase two in quadras 30 to 10 - Completed - Phase three in quadras 7 to 3. We are now completing this third phase of work.
Three companies are tendering for the pavement works on the main and secondary roads, which we will receive on Thursday 31st July. The laying of road pavements will start in quadras 3 to 7 and progress to quadras 10 through to 30.
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“Infrastructure works have progressed well over the last quarter and is right on track with the development schedule. Road works have now reached the beach front area of the site completing the main boulevard throughout the resort. This is a major milestone for us that will be finalised over the coming months.” Note from The Coral Project Manager, Thiago Parente
SUMMARY OF WORKS TO DATE 9 km of main streets laid with 30cm of red sand that serves as a base for paving. 6.8 km of secondary roads laid with 30cm of red sand that serves as a base for paving. Leveling completed in quadras 3 through to 56, covering an area of 635 lots.
D E V E LO P M E N T U P D AT E
12 construction men working onsite with heavy equipment. 15,000 hours of heavy machinery work completed.
Whilst the final layer of the roads are being laid down in these quadras, further leveling of sand will take place in quadras 56 to 31. These works will take four months to complete as the elevation of this area rises to 55m above sea level.
Environmental management company, ORBS, are surveying all works to ensure environmental requirements are being fulfilled.
Once paving of the final section of the road is completed, licences for the individual show homes will be applied for. Plots have been marked out from the coconut plantations down to quadra 3 on the beach front.
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View onto the site from the beach. View towards the coconut and palm plantations between Sunrise beach and Rio das Palmieras communities.
View taken from above quadras 3-5.
Road up to the sand dune before reaching the beach front community.
End of the road at quadra 3.
Main boulevard through the Rio das Palmieras community.
NEW VILLA DESIGNS We are pleased to announce the arrival of two new villa designs. Along side the Brazilian villa design, The Coral is now able to offer a further two designs to choose from one a Rustic style and the other a contemporary, modern design. It has always been our aim to offer future property owners a selection of designs over a number of different distributions and layouts. The addition of these designs to The Coral villa portfolio means owners can now choose from seven different options over one or two levels.
The Brazilian villa design is offered in three configurations:
The Rustic and the Modern villa designs are offered in two configurations:
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100 sqm over one level comprising two bedrooms and two bathrooms.
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125 sqm over one level comprising two bedrooms and two bathrooms.
2)
150 sqm over two levels comprising three bedrooms and three bathrooms.
2)
165 sqm over two levels comprising three bedrooms and three bathrooms.
3)
225 sqm over two levels comprising four bedrooms and four bathrooms.
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The following pages give you a first glance of these designs. Further information regarding full specifications and pricing will be released shortly. We will keep you updated with this information.
RUSTIC DESIGN VILLA The rustic villa design brings characteristics from traditional Balinese and Indonesian architectural design. Triangular, overhanging roof, wooden louver style shutters over doors and windows, wooden pillars supporting wooden verandas and terraces. Tropical plants adorn both exterior and interior spaces bringing the outside inside. Interiors incorporate natural sustainable woods and stone materials with earthy tones. Wood is used throughout for various features supporting the rustic design. In the garden, a Balinese gazebo interrupts the Indonesian style swimming pool providing a perfect relaxing area both day and night.
MODERN VILLA DESIGN The modern villa design incorporates the integral themes of a contemporary, modernist and minimalist design. Clean lines, open spaces, oor to ceiling windows, neutral colours and angular styles characterise this villa design. Dark wood decking, windows and door frames provide warmth to this style of villa. A neutral colour palette and large glass windows provide an elegant interior design. Outside, the landscaped gardens continue with this theme offering neat, tidy gardens and a modern style swimming pool that sits symmetrically to the decked terrace adjacent to the villa.
MARKET NEWS WORLD CUP REAPS REWARDS FOR FORTALEZA The recent FIFA World Cup has been an unprecedented success for Brazil with figures for both visitor numbers and visitor spending exceeding initial expectations. As well as financial rewards, the event has helped to place Brazil firmly on the world tourist map. This will undoubtedly translate into higher tourism figures and increased interest in Brazilian property over the next few years.
reported an equally satisfactory experience. According to a survey carried out by the Ministry of Tourism, over 95 per cent of foreign tourists expressed the intention to return to Brazil for a holiday, confirming that the World Cup has served as a springboard for Brazil as a world holiday destination.
FIFA President, Joseph Blatter, announced that the 2014 World Cup was the best ever, awarding the event a mark of 9.25 out of 10 (higher than the mark given to South Africa). Reviews from over 18,000 journalists accredited for the event valued the event extremely positively, highlighting the country’s many tourist attractions, high level of security and good transport infrastructure.
In the state of Ceará, whose capital Fortaleza hosted four World Cup matches, the direct effects of the World Cup have been particularly positive. The state government has confirmed that spending during the event reached R$961.6 million, considerably higher than their initial estimates of R$700 million. In terms of the local economy as a whole, the World Cup had an economic impact of R$1.6 billion, an increase of nearly 174 per cent on the same period last year during the Confederations Cup.
Tourists visiting Brazil for the World Cup
Foreign tourist figures to Ceará also experienced
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MARKET NEWS an increase beyond original expectations. Over 169,000 foreigners travelled to the state for the World Cup compared to just 22,000 during the Confederations Cup. The number of domestic visitors also increased – some 194,000 visited Ceará, a 9 per cent rise on 2013 – confirming the state’s popularity among Brazilian holidaymakers. The World Cup has resoundingly served to place Ceará, on the world tourist map and local experts predict record tourism figures over the next few years as the area gains prominence both on the national and international tourist circuit. This will undoubtedly further boost the local property market, already one of the most buoyant in Brazil. According to the national housing price index FipeZap, prices in Fortaleza have risen over 5 per cent since January (the national average is around 3 per cent) and after the World Cup success, all the signs point to continued increases.
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For more information: Email us at: info@bric-investment.com Call us on: UK Freephone 0203 399 9439 USA Freephone (+1) 321 247 6897 Rest of World: +34 952 810 711
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