Cedar Island: still building that treehouse in the sea
Posted by adiamondinsunlight on March 12, 2009
At the end of January, many of us began writing about Cedar Island, the planned tree-shaped island luxury housing development taking root (bet you saw that cliche coming!) on the coast down from Damour. Or, as some might know it: a few miles south of Ouzai.
Despite the generally negative blogosphere reaction, the project seems to be going strong. This morning I received an invitation to check out Cedar Island and other properties available through Dagpa Iqari, a conglomerate of real estate firms headquartered in Sin al Fil (“Dagpa”? Is this an acronym for something?).
Here is the Cedar Island advertisement:
The text reads: “The Cedar Island Project / in the Land of Cedars”.
One might think that the current economic climate would have led the developers to rethink this project. If so, may I suggest a “Cedar Stump Island”, or a “Cedar Sapling Island”?
In any case, its not my business – and I’m too busy penny-pinching to be in the market for an island property, natural or manmade. But if you are, I suggest that you bargain hard to get the lowest possible price. After all, home-buying in the rest of the world is a buyer’s market right now – so buying a home on an as-yet-unbuilt island should be a breeze.
Update: Lebanon News has a link to and very interesting analysis of a recent Zawya piece on Cedar Island and its financing as well as logistical woes. You can read Jad’s take on the article and the project here.