The Cape on Bowen

The Cape on Bowen

August 15, 2011 14:16 ET

Sales Success of Oceanfront Property at The Cape on Bowen Island Defies Market

Popularity attributed to rare island opportunity and rise in luxury market

BOWEN ISLAND AND VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 15, 2011) - The Cape on Bowen, a $100 million community with oceanfront property located on the entire southwest tip of Bowen Island, announced today that it has achieved a sales milestone this summer as half of the first phase, seven home sites, have been purchased. The Cape on Bowen is comprised of 10-acre estate home sites with an average price of $2 million.

"It is extremely rare to have the opportunity to create a legacy estate home on a previously undeveloped south facing oceanfront property in the Georgia Strait that is 35 minutes from downtown Vancouver," says Don Ho, partner, The Cape on Bowen, "We believe the market recognizes this and has responded accordingly."

The Cape on Bowen's beaches, trails, shorelines, and dense woods have been virtually untouched for more than 50 years. Estate home sites feature spectacular views of the wild terrain and ocean's edge. A trail system provides access to the heart of the new oceanfront community the iconic Cape Roger Curtis Lighthouse.

"The Cape on Bowen is unique and highlighting the natural beauty of the oceanfront property and the island community has really resonated with home buyers." says Edwin Lee, partner, The Cape on Bowen, "So has the proximity. To be within an hour of your weekend retreat is really appealing."

The Cape on Bowen Community Development Limited, a joint venture between the Trans City Group of Companies, led by Don Ho and the Leeda Developments Group, led by Edwin Lee, is developing The Cape on Bowen. Along the water, the Cape has 3.7 kilometres of untouched beaches, coastal bluffs, and forest and ocean side views. The estate home sites slope upward from untouched coastlines to reach a dense forest above.

rareEarth Project Marketing and Sea to Sky Premier Properties, an affiliate of Christie's Great Estates, are conducting the sales and marketing. Sales events are being planned throughout the summer. Contact The Cape now to arrange a site tour of the oceanfront property.

There are several signs the luxury market is returning in: Canada, Seattle, WA, Calgary, AB.

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