This presentation outlines HDB’s intent to sell up to 100 hectares (241 acres) of raw land located in Mexico’s famed Riviera Maya.
Hectares offered represent approximately 23% of Rancho Texcoco Fraccion III Lote 1, a 448 hectare (1,085 acre) parcel titled and registered to HDB
The entirety of Rancho Texcoco Fraccion III Lote 1 is expected to be incorporated into the Floating Primary Zone of PA’s 2022 Urban Development Plan expected to be approved and published in official state newspaper by Q1, 2023
HDB PROPERTIES
Highlighting Rancho Santa Selva Fracción III Lote 1
UPD FOR PUERTO AVENTURAS
The Municipality of Solidaridad held legally required Public Review and Hearings of this 400+ page proposal from September 2 to September 22, 2022.
Pre-Feasibility Analysis
Based on Rancho Texcoco Fraccion III Lote 1 being within the Floating Primary Zone of PA’s new UDP, HDB commissioned a pre-feasibility report by
well-respected urbanist Carlos Veloz.
Value Assumption Upon Inclusion in PA’s 2022 UDP
Based solely on Rancho Texcoco Fracción III Lote 1 being included in the Floating Primary Zone in PA’s 2022 UDP proposal, the pre-feasibility report states, on page 23, the probable estimated value of the real property [will be] $162 USD/m2”.
TREN MAYA AND PARALLEL HIGHWAYS
The Tren Maya also includes two parallel two-lane highways one on each side of the train.
Jungle clearing on Rancho Santa Selva for the tren Maya began in early November 2011.
The Tren Maya, Mexico´s federal $10 bilion USD infraestructure project, traverses Rancho Santa Selva Fraccion III Lote 1, HDB´s 448 hectare parcel. The Tren Maya project will likely to be completed by year end 2025.
TULUM AIRPORT
In Tulum, a new $550 milion USD international airport, is scheduled to begin operating in May of 2024.
The poromise to buy/sell contract in the following pages, signed October 7, 2022, is between HDB and FONATUR, the gobrertment agency responsible for the Tren Maya Project.
The contract states that FONATUR purchases from HDB 1,189.81 m2 in polygon 5SUR-066 for $594,905.00 pesos equivalent to $500 pesos per m2 or $25.00 USD/m2.
Polygon 5SUR-066 is located approximately 4.5 km south of Rancho Santa Selva Fraccion III Lote 1, well outside the limits ofPA´s new UDP.
This fact establishes a price pint of $25.oo USD/m2 for land outside the urban zone established in PA´s 2022 UDP
Obviously, due to much higher urban densite possibilities, properties within PA´s new urban zone will command higher price points.
HDB 777 HECTARES
In the Riviera Maya HDB´S owns more than 90 parcels totaling 777 hectares. These parcels are distributed over a 4 mile extension. Rancho Santa Selva Fraccion III Lote 1, located at the north end of this extension, is HDB´s largest parcel.
Location of Hectares Offered: 100 meters west of Tren Maya in RSS West portion of Rancho Texcoco Fraccion III Lote 1
Hypothetical of Hectares Sold: 41.6 hectares
Configuration Requested by Client: Buyer requests a minimum of 40 hectares to be located as close to the Tren Maya as possible with 12 x 100 meter access to highway parallel to the Tren Maya (see following plot map).
Negotiated Price Per m2 Based on Requested Size and Configuration: $33.50 USD
Hypothetical Negotiated Terms: Down Payment 30%, financed over 5 years at 15% annually with a 20% holdback due against title signing. All terms, obligations, penalties, and remedies to be included in promise to buy/sell contract and Master Trust.
Hypothetical Summary in USD
Price per m2: $33.50
Total Price of Parcel: $13,936,000
30% Down Payment Held in Master Trust: $4,180,800
Down Payment Released to HDB: Upon approval of PA’s new PDU
Down Payment Refundable with Interest: Should PA’s new UDP not be approved in one year
Purchase Balance: $9,755,200
Terms: 5 years at 15%
60 Monthly Payments to Master Trust: $232,075.53
Total Interest Over 5 Year Term: $4,169,331.53
Final Price in 5 Years: $18,105,331.56
Final Price Per m2 in 5 years: $43.52
Holdback Held in Trust: 20%
Holdback Amount: $2,787,200
Holdback Represents: Final 12 financed payments paid to Master Trust
Legal Framework
A notarized Promise to Buy/Sell Contract and a Master Trust will jointly structure the transaction. This secure legal framework will ensure investment integrity
making certain both buyer and seller fulfill their respective
obligations and responsibilities.
Offering Notes
- Offer subject to change without notice.
- Offer limited to 100 hectares (700 meter wide southern half of RSS West).
- Offer excludes: Hectares located in the approximately 800 meter wide northern half of RSS West; a 100 meter fringe bordering and parallel to the train and highway path in RSS West; the entirety of RSS East.
- Should cenote(s) be found on hectares purchased, seller will determine number of hectares affected and will either compensate buyer (based on purchase price) or seller will exchange affected hectares for adjoining hectares elsewhere.
Master Trust
- Master Trust will administer Terms and Conditions as established in Promise to Buy/Sell Contract.
- All purchaser payments, including holdback against title, will be deposited in Master Trust account.
- Master Trust will release funds to HDB as specified in both Promise to Buy/Sell Contracts and Master Trust.
- Payments are payable at applicable exchange rate at the time of each payment.
- Should PA’s new UDP not be published in official state newspaper within 12 months of purchase, down payments received by Master Trust will be fully refunded to buyer(s), with interest, established and paid by Master Trust.
- Financed monthly payments begin 30 days after PA’s new UDP has been published in official state newspaper.