23
May
Argentina
Argentina - The Rising Star In Emerging Markets

Argentina is now experiencing an economic transformation.  Since the election of the new government helmed by President Mauricio Macri last December, much has changed in what was once one of the world’s richest countries.

Within one week of assuming office, the new pro-business cabinet lifted capital control.  This was quickly followed by the issue of Argentina’s first international bond in more than a decade.  The market response was so overwhelming that the bond issued in April 2016 was several times oversubscribed.  Rating agencies were also quick to upgrade their outlook for the country from negative to stable.

This positive wave of changes is expected to lift Argentina out of their decade old economic doldrums and with it, spur demands for real estate which has always been the investment of choice in Argentina.

This is extremely good news for the La Providencia Resort & Country Club development in Argentina. 

The Project Director of La Providencia Resort & Country Club, Mr Jan Sonnevi, was in town recently to share with the Singapore office the progress and future plans for La Providencia Resort & Country Club.

With Phase 1 of the development more than 80% sold, the developer is now expediting Phase 2 development to meet the ever growing demand.  And to reward investors who had invested in Phase 1 of La Providencia, they will be given priority to invest in Phase 2 of the development.

To find out more about the project, please visit their website at www.laprovidenciacountryclub.com, or email to adminsg@laprovidenciacountryclub.com

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