A real estate development in Nassau, Bahamas, has thumbed its nose at the weakening economy, reserving 20 percent of its units within two weeks of soft sales.
Palm Cay, the latest gated real estate community in Nassau, says it already has $25 million invested in buying the Bahamas real estate. It plans to spend another $30-$40 million in development.
Located at the eastern end of the island, Palm Bay is to feature a 194-slip marina, 350 townhouses and 88 family homes, as well as a beachfront clubhouse and tennis courts.
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