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COLIN MONTGOMERIE COURSE IS ANNOUNCED FOR NEW GOLF,
MARINA AND SPA RESORT IN THE DOMINICAN REPUBLIC.

Design work starts soon on the first of three signature 18-hole golf courses planned for a luxurious new golf marina and spa resort in the Punta Cana region of the Dominican Republic in the Caribbean.

Due to be completed in mid-2008, it will be designed in association with Colin Montgomerie, regarded as one of the world's best golfers since moving into the top ten of the World Rankings in 1994.

The news follows the signing of an agreement between the developers of the 1 100 hectare (2,718 acre) Punta Perla resort, Paraiso Tropical, Colin Montgomerie and European Golf Design which will create the golf course.

The agreement was signed in the presence of the President of the Dominican Republic, Dr Leonel Fernandez Reyna, during the first state visit to the UK by a President of the country at the invitation of Her Majesty the Queen.

Berkshire-based European Golf Design, which was established in 1992 as a joint venture between the European Tour and IMG to provide a golf course design service has produced successful resort, members' and tournament courses around the world.

In the Caribbean they include Black Bess and Sugar Hill in Barbados, Tryall in Jamaica and Kittitian Heights in St Kitts.

''The announcement of a Colin Montgomerie golf course at Punta Perla will give a further boost to off-plan property sales in the resorts," says Mark Lynn of St Neots Cambridgeshire-based Punta Perla Sales Ltd which is offering around 8,000 homes. In addition to golf villas they include village townhouses, beach apartments and multi-million dollar luxury mansions.

In a bid to attract investors properties currently are being sold at pre-launch prices as low as U5$392,000 for a two-bedroom apartment on a signature golf course, but when they are released officially at the end of this year, prices are expected to rise by around 25 per cent.