The Vema Seamount Territory is earning the reputation amongst City of Mount Vema investors as the ultimate place for property investment in the South Atlantic; the territory already saw a growth in the property market by approximately 10% in the first half of 2018, which estate agents are labelling as a Mount Vema ‘off-plan property boom’.
The expected influx not only of construction in the island but also the service industry is reeling in quite a crowd, from investors to first-time buyers, who are looking to reap the benefits of new and exciting investment opportunities.
Businesses in various industries, including the financial, creative and technology sectors are signing up fueling the growth. The financial and services sector, in particular, is causing the residential off-plan market to flourish and is making the territory a likely hotspot for young professionals. The City of Mount Vema is expected to overtake, its regional neighbors as the regional undisputed financial capital, fueling a jobs boom and a vigorous corporate rental market by 2020.
Property Available – Off-Plan
With a remarkable collection of apartments planned for the District of Pashant, the City of Mount Vema is set to become a luxury landmark with residential buildings and impressive leisure complex in Pashant. The focal point of the development for the district of Pashant will be the Port of Mount Vema, which is set to feature outstanding apartments with private balconies or terraces where residents will be able to indulge themselves in the relaxation that the views will provide, ranging from exclusive studios to luxury three-bedroom apartments. Occupants of this development will be able to enjoy access to exclusive facilities which is set to include a cinema, spa and more.
The Vema Seamount Authority has approved a request that authorizes W-Contractors to spend just over 500,000 golles in foreign exchange to pay for an Exploration vessel to be permanently stationed in Mount Vema before the rest of the construction fleet arrives.
More than five ships are expected to arrive later in the year and early next year including cruise ships to be used as floating hotels and floating hospital, supply vessels, work barges and other specialist vessels.
This late announcement is part of the government plan to accelerate funding to purchase ships for the territory, by applying to a new method of purchasing ships for Mount Vema Corporations. Thus, accelerating the availability of capital, so companies can finalize deals to purchase ships before the end of the year.
More funds will be available soon, after a consortium of Mount Vema companies and W-Contractors submit a bid tomorrow to secure enough capital to purchase a fleet of ships. The government aims to negotiate the required contracts in just two weeks, which is much faster than what usually takes months due to the complexity of the contracts. Expenditures for the next five years are expected to near 1 billion golles (about $2 billion USD) in total, significantly more than the original estimate last year.
MVScloud the IT company of the Kingdom of Mount Vema announced today that it expects to have all systems ready for Vema Seamount before August this year, and to be operating by the end of the year.
People travelling to Mount Vema for work, will find internet-based communications in the island available to contact family, friends or co-workers. Everyone will be able to send an instant message to a friend, e-mail co-workers, make phone calls, and conduct video conferences.
Residents who will be living aboard will be able to save money on phone calls by sending someone an instant message or by using VoIP instead of standard local telephone services. According to MVScloud.
The news was welcomed by all project participants when it was first announced by W-Contractors, the main procurement company of Mount Vema who announced that it has been able to identify systems in the open market that will meet the needs of MVScloud.
Facts updated by Wikipedia, the free open content online encyclopedia which, includes References, Discovery, Geomorphology and Geography, Geology and Biology of Vema Seamount was welcomed by the Vema Seamount Authority today.
Although much information about its current administration needs to be added according to the Vema Seamount Authority, Mount Vema is generally satisfied with the updates which proves once more the existence of the territory, and the importance of the protection of the marine life.
The Vema Seamount Authority is also pleased that more facts about Vema Seamount can be found from a source other than the websites associated with His Mount Vema Majesty’s Government.
Since 2006 and up to very recently there was almost no information about the territory except from Mount Vema own websites until now. This is an important step on the right direction to recognise the existence of a territory that has been there for millions of years, specially from an encyclopedia as relevant as Wikipedia.