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AMPI reports on the ongoing recovery of the real estate sector in Cancun

Cancun, Q.R. — Three real estate projects in Cancun have helped contribute to the recovery of the industry with an investment of around $500 million USD and more than 1,000 construction jobs.

Miguel Ángel Lemus Mateos, head of Mexican Association of Real Estate Professionals Cancun has reported that Inzigna Cápita, Grupo Pulso and Grupo WOHA, through their real estate projects, are supporting the recovery of the sector.

He says the three groups are constructing high-rise buildings. “In Cancun we saw a very interesting opportunity to make a first-rate corporate offices for Apple Leisure Group,” said Enrique Villanueva, development director of Grupo Pulso.

Gerardo Mejía, commercial director of WOHA, announced that his housing project of 204 apartments is around 60 percent of sold.

Mauricio Roviresa who is the sakes director for an already existing project Shark Tower, says their project is nearing 85 percent completion and is expected to be finished by December.

Among the ongoing real estate projects in Cancun are Corporativo Cancún with a $20 million USD project, Be Towers with $45 million, Shark Towers for $110 million, Whoha with an investment of $140 million and Velas with $80 million to name a few.

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