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Type of property: Beach
Price: Prices from $310,000
Description:

We are very excited to introduce our new luxury residential project Hermosa del Mar to you. Located just steps from the beach, Hermosa del Mar will become Playa Hermosa’s most exclusive full service residential community.

Project Description
Hermosa del Mar is a gated condominium project designed by noted Costa Rican architect Ronald Zurcher consisting of 3 buildings 7 stories high and an adjacent commercial plaza with 11 entertainment and convenience shops. The development is located on the second entrance to Playa Hermosa across from Ginger Restaurant.

Each building will have 20 residential units (12 three bedroom units, 6 two bedroom units, and 2 penthouses). All units will be built with luxury high-quality finishes and will have a covered exterior terrace and central air conditioning. The residences will include imported kitchen and bathroom cabinetry, closets, and six stainless steel appliances (refrigerator, stove, dish washer, microwave oven, washer, dryer). The penthouses will have a private rooftop terrace with a sundeck, Jacuzzi, outdoor shower, and bathroom. There will be 2 elevators per building.

The project will have the following features and amenities: two pools (semi-Olympic lap pool and recreational pool), state-of-the-art fitness center with bath and change rooms, yoga/multipurpose room, clubhouse, administrative office, central air-conditioning in all units, high ceilings in all units on-site concierge and administrative personnel, on-site rental property management, 24hr. manned guarded entrance, sixty assigned covered parking spaces, thirty open parking spaces for visitors, assigned exterior storage units, additional storage space for sale or rent, professionally landscaped gardens, high speed internet, cable TV, full service emergency electric generators, waste treatment plant, and handicap accessible.

Hermosa del Mar will also offer design services with several complete furnished and media packages to be prepared by renowned firm Fusion Interior Design (Four Seasons Resort, Exclusive Resort Private Residences, Marriott Los Sueños, etc.)

Construction
Phase I of the construction started in December 2006 and includes the project entrance, building # 1, the fitness center/lap pool and the commercial plaza. The expected delivery date for Phase I of the project is approximately April / May 2008. Phase II started September 15th 2007 and includes Building # 2, pool & rancho BBQ, the expected delivery date for this phase II is approximately November / December 2008.

Price List
Please find enclosed the current price list and unit status for Building 1 and 2. Prices and status for any unit may change without prior notice so it is important that you contact our salespersons regularly to have an updated version of the price lists.

Payment Schedule
Stewart Title & Trust will be the Escrow Agent of the development. Following a formal assessment and confirmation of construction advances by Stewart Title & Trust, Purchaser shall pay directly to Stewart Title & Trust according to the following schedule:

a. Thirty percent (30%) of the PURCHASE PRICE upon signing formal agreement
b. Thirty percent (30%) of the PURCHASE PRICE upon installation of the
fourth floor slab of the building in which the Unit is located;
c. Thirty percent (30%) of the PURCHASE PRICE upon installation of the
roof structure of the building in which the Unit is located;
d. Ten percent (10%) of the PURCHASE PRICE upon closing and final inspection

Development Team
We are proud to introduce the Development Team of Hermosa del Mar. This select group of Costa Rican companies has ample experience in luxury real estate developments and a proven track record doing business in San Jose and the Guanacaste region.

GTU Desarrollos: Co-developer. This firm has more than 13 years of experience building high end luxury condominiums and residences in Costa Rica. Their mission is to create communities that enhance the lifestyle of its clients though a passionate focus on quality, customer service and innovation. With its proven track record and commitment to excellence, the involvement of this firm guarantees a best-in-class management of the financial, administrative and legal aspects of the project.

Corporación TPO del Pacífico: Co-Developer. Formed through a partnership of Costa Rican investors with strong economic interests in agriculture and real estate, this firm provides local know-how and expertise in the Guanacaste region as well as a strong



financial backing of the development. Its detailed analysis of the market conditions as well as a thorough research of consumer needs in the area guarantees the construction of a truly distinctive real estate product.


Zurcher Arquitectos: Noted Architect Ronald Zurcher will be in charge of designing Hermosa del Mar. Recognized as the creator of the new Guanacaste architecture, Zurcher Arquitectos has designed numerous luxury residential, commercial and hospitality projects across Latin America. Some of these developments include the Marriott Hotel San Jose, Marriott Hotel Los Sueños, and the ultra-luxurious Exclusive Resort Homes and Four Seasons Resort at Peninsula Papagayo. Zurcher Arquitectos will also be in charge of working together with the best structural and electromechanical engineers in the country to guarantee the safety and good functioning of the buildings and commercial area.


Constructora Proycon: This company will be the builder of the project. With more than 16 years of experience in the market, Proycon has consolidated into one of the most prestigious and respected contractors in Costa Rica. Proycon has built projects like Forum Office Park, El Gallito and Kraft Industrial plants, as well as numerous luxury residences and high-rise condominiums in San Jose and the coastal provinces. Some of its recent work in the area includes the first ultra-luxury Exclusive Resort Homes at Peninsula Papagayo, home of the Four Seasons Resort.

Building # 1
Price List in US Dollars
Octubre, 2007
Prices subject to change without prior notice.
This price list supersedes any price list released on a previous date.

Condo Area (ft2) FINAL
Condo Parking Rooftop Total PRICE
1A 2,053 183 2,236 SOLD
1B 1,574 183 1,757 SOLD
1C 2,053 183 2,236 MODEL UNIT
2A 2,053 183 2,236 390,000
2B 1,574 183 1,757 310,000
2C 2,053 183 2,236 390,000
3A 2,053 183 2,236 415,000
3B 1,574 183 1,757 SOLD
3C 2,053 183 2,236 SOLD
4A 2,053 183 2,236 460,000
4B 1,574 183 1,757 360,000
4C 2,053 183 2,236 460,000
5A 2,053 183 2,236 RESERVED
5B 1,574 183 1,757 SOLD
5C 2,053 183 2,236 SOLD
6A 2,053 183 2,236 SOLD
6B 1,574 183 1,757 RESERVED
6C 2,053 183 2,236 SOLD
7A 2,840 183 638 3,661 SOLD
7B 2,840 183 638 3,661 SOLD

Notes:
1. Please check for price updates and unit availability with our Sales Team
2. All condos have 1 external storage unit and 1 covered parking space assigned
3. Penthouses have an additional parking space assigned