Property update for Saipan, CNMI 4-21-2017 CALL 670-287-4766

1.  Mom's/Round II on Garapan Street plus 4 unit apartment building in rear asking 500k or offer(SOLD)

2.  Building across from Joeten Dandan 4k square meters, laundry + restaurant - offer

3...SOLD

4.  Building across from Hanam market on south Beach Rd with 2 two bedroom apartments, plus poker room, plus vacant 3700 sq foot unit previously a hardware store 375k


5.  Many other properties including beach front


75k square meters of prime Saipan view property with productive well reduced to 600k

2k sq ft 2 story fully concrete with retaining walls and the BEST OCEAN VIEW in North Saipan...225K


50k sq meters for 15 per meter with ocean view, power, water, and paved road in N Saipan


30k sq meters for 20. per meter on Capital Hill with ocean view, power, water, and paved road in N Saipan


Visit our primary web page at:
http://saipanservices.com/


One floor of 3 condos in central Garapan 300k for floor or 100k each

1500 sq meters of commercial property for 2k a month

Apartment building generates 13k a month for 1.2 million

Ocean view mansions from 200k to 2 million

ANAKS condos reduced!
Saipan's only gated community
150k is a higher view unit REDUCED to 125k W/FINANCING (view pictured above)

ANAKS is one kilometer from the Garapan tourist district, beside the bike/walking trail, is the only place on Saipan with potable drinking water from the faucet, has wonderful pool including baby pool, tennis courts, gated 24 hr security, and this 2/3 bedroom unit has glorious ocean views of Monagaha Island and the harbor.
New parcels of vacant view property!!!!!!!!!!!!!

Beach property 11,000 sq meters 225k

7k meters in Guala Rai reduced to 110k This is a great deal with ocean views.

Apartment complex rents 12k per month for 800k

20k square foot concrete factory building with loading docks, 2 entrances, fenced, 2 apts, offices, security gate, a steal at 250k

6k square meters...great opportunity at 275k

Best deck in Saipan with golden view near Garapan 400k

Beach home near Lau lau 600k

3 units, two 3 bedrooms plus guest house rental and pool 350k

New building lot in San Antonio. 1/4 acre adjacent to SA elementary school parking ot 150 meters from beach and 150 meters from Beach Rd. Asking 15k

New offering of 5k square meters of view property where you can see the sunrise and the sunset

Super executive homes...Saipan's finest

Mt. Topachau 5 bedroom 375k

2 story best view deck in Saipan 450k

Outstanding lot with home, pool, 7000 sq meters, fruit trees and ocean views and breezes. CALL

Best view in Saipan 475k

Wireless Ridge 450k

Saipan Real Estate economic report 2010

State of the Commonwealth

Saipan Real Estate economic report for spring 2010


Beginning with short takes on the NMI economy, restaurants and bars are suffering from high utilities, poor water, and rising minimum wages. Russian, Chinese, and Korean investors are funding small construction, chiefly personal homes, generally cash customers due to difficult financing. .A bill to legalize marijuana has been offered by a lawmaker that could have economic merit if properly administered, unlikely for a Legislature unable to manage a lemonade stand without federal funding. Being displayed in the cases of Amsterdam would provide more advertisement, economic development, and enhancement of tourism than MVA has ever accomplished though and could add an export product currently lacking in the economy! Casino talk for the outer islands has waned even though the island of Rota pays a casino commission. Tinian’s casino looks like a ghost town with a curtain closing half the gaming floor to reduce utilities. The only economic opportunity for young people on either of those islands is welfare or a ticket east. The House speaker has proposed Saipan casinos again even though two straight referendums were soundly defeated. The long term trajectory of U.S. intervention could unite Guam and the CNMI into the Marianas province. A united MP could potentially become the 51st state and have two voting senators in Congress. The CNMI Legislature will not support this because it would jeopardize the gravy train they themselves are riding. The NMI landed the Marianas Marine Monument, but the visitor’s Center for that wonder of the world may land in Guam. NW’s split with Continental has opened European and Asian ports offered by Delta, United, and all their partners, opening Saipan to vast new markets. Japan’s minority party has endorsed a Marine move to Tinian instead of Guam, but CNMI involvement in the Marine relocation remains unclear. Increased federal funding and personnel has been an economic boast to the beleaguered NMI.

In November, 2009, CNMI labor and immigration was federalized by the United States, and immediately addressed the reputation of labour abuses and human exploitation in the CNMI. Federal officials have confirmed that workers are no longer tied to their jobs, and federalization proponents can thank the U.S. Congress for ensuring that the democratic ideals of the US apply to the CNMI. Only months into U.S. intervention and Saipan has virtually no labour abuse, and not much is expected.

Saipan has catastrophic unemployment among aliens and citizens alike, the remnants of an economy driven by the textile industry. The CNMI is the most impoverished American region of the last half century. There may have been over 10k illegal aliens as well, but an umbrella permit was honoured by the U.S., effectively stalling some aspects of federalization for two years.

The CNMI stalled U.S. intervention by blanketing maids, dancers, illegal business operators, their employees, freelancers, and every immigration fraudsters who lined up with an umbrella permit, so they have a legal right to remain in the CNMI until November 2011.

Foreign owned businesses operating here must exit when their two year permit expires. CNMI investor visa holders have until 2014 to meet U.S. investor visa requirements or restructure their business and move.

The status of guest workers is controversial. The regulations governing guest workers are not final, but if they mirror the original version, the unique CW transitional guest workers program used in conjunction with the CNMI transitional investor’s visa program will make right what was long wrong in the CNMI.

Guam needs 20k workers for the U.S. military build-up, and some think NMI workers should be allowed to travel to Guam for work. The CNMI hopes the Guam build-up will employ citizens earning prevailing wages, which will stimulate the region and spill into the commonwealth.

Austerity and reality demand CNMI constitutional changes. The CNMI spends an extraordinary amount for governance and has unnecessary bureaucratic waste. A small government would prove affordable, flexible, and able to adapt to a rapidity changing world. The land alienation law continues to prohibit growth and development, but impoverished residents have little confidence in the Legislature’s ability to enact reform.

CNMI residents face four serious economic problems. First, about 50 percent of NMI residents send earnings abroad as remittances, undoubtedly the highest percentage on the planet. While the Philippines survive by receiving money, the CNMI has an extraordinarily high percentage of people remitting their income abroad. Second, our banks send our depositors money to other shores to stimulate their economies, chiefly Guam and Hawaii, instead of investing where the wealth originated. Third, foreign workers are willing to accept jobs below prevailing wage, making local citizens unable to compete for jobs that they should be performing. This increases our numbers receiving U.S. aid. The recent austerity measure reduced government workers hours by 10 hours a pay period, or 12.5 percent of NMI government employees yearly economic wealth is lost. Lastly, illegal foreign businesses operate here without a U.S. investor visa and send their profits off island as well, strengthening their East Asian homelands but paralyzing the CNMI. These businesses will close before 11-2011.

The post-textile industry CNMI is a welfare territory evidenced by statistics. The CNMI has roughly three households receiving federal aid for every voter, an astonishing admission of fraud.

Real estate sales are slow and leases realize record lows, upscale housing is limited, and there is a glut in substandard structures. Financing commercial or residential property is difficult and the cost of money is pricey. Accurate appraisals are tough to find, and many Saipan properties have expiring leaseholds from the boom time of the early 90’s. CDA loan default rates are nearly 90 percent, and title issues with unresolved probates are routine. A NMI Senate initiative seeks to change the Article XII land alienation law (restricts land ownership to persons of Northern Marianas Descent and all others can’t exceed a 55-year lease term) to allow 99-year leases. If passed, it would create real estate activity because FDIC banks consider a 99-year lease equal to a fee simple for financing purposes. Land value is based on supply and demand, and demand is largely based on the availability and cost of money. When people can easily qualify for a low interest loan, prices skyrocket, but high interest and difficult borrowing requirements create the stagnant mess that now exists. The advantage to the 99 years is that locals could get an extra bite at the apple, but the disadvantage is that it will lose in court the first time a U.S. citizen, NMD or not, challenges the law after 11-4-11.

Perhaps the brightest recent news for the CNMI is visa waivers for Russians and Chinese tourists, the only U.S. soil with that distinction. Russian and Chinese arrivals are on the rise and have incredible potential considering that there are thousands of millionaires within short flight range. The market possibilities for winter residences are enormous. Korean tourism continues to improve, helping to offset a collapse in Japanese arrivals. There is a spark of investor confidence attributed to the stabilizing effects of federalization and the visa waivers.

Politics and economics aside, Saipan, the capital of the Northern Mariana Islands, is an enchantingly tranquil tropical delight of unimaginable beauty; highlighted by turquoise crystal water, fire red sunsets, panoramic views, and unparalleled weather. Saipan’s has hosted 3/4 million tourists in a single year, entirely from East Asian, making Saipan a playground of seaside golf, scuba diving, sport fishing, snorkelling, parasailing, wind surfing, kayaking, biking, beach volleyball, and barbecuing on the remote pristine beaches. The friendly laid back nature of the inhabitants is as legendary as the tropical breezes.

Saipan’s economic strength is smallness and geographic location. With Saipan’s tiny number of citizens, a little improvement in the regional economy, a minute amount of U.S. investment, or developing a second economic leg could have a dramatic positive effect on the economy.

Ron Hodges
Saipan Real Estate
670-233-1144

Saipan Real Estate new properties 3-12-10

45 NEW CNMI PROPERTIES for SALE 3-12-10!!

1. NEW HOME on San Vicente cliffline, fenced wit pool

& Newly remodeled 3 bed home with fence and outdoor kitchen on Capital Hill for sale (220k) or rent (1300.)

& Remodeled office/store on Capital Hill, 60k or 600. Per month

2. 3500 of Saipan beach, 34 years, 80k

3. San Vicente aapartment complex 30k sq meters with 20 x 1 bedrooms owner financing possible

4. Apartment complex 20k sq meters, 60 x 2 bedrooms, 10 office spaces,warehouse, 2500 sq ft staff house, pool, power generation, Rota property, vacant property, net 300k per year

5. ANAKS condos reduced!

Saipan's only gated community

85k & 95k- small 2 bed lower unit renovated

130k is a higher view units (with financing)

The ANAKS is one kilometer from the Garapan tourist district, beside the bike/walking trail, is the only place on Saipan with potable drinking water from the faucet, has wonderful pool including baby pool(2nd pic down), tennis courts, gated 24 hr security, and this 2 bedroom unit has glorious ocean views of Monagaha Island and the harbor.

6. Executive home with great yard 225k

7. Commercial apartment building draws 7600 rent 750k

8. Beach property 4000 sq meters

9. 7k meters in Guala Rai reduced to 120k

10. Apartment complex rents 12k per month for 800k

11. 3 bed ex condition, some ocean view, windy with nice yard. 225k

12. 3 bed with maids quarters or extra rental, nice location and view. 250k

13. 20k square foot concrete factory building with loading docks, 2 entrances, fenced on

6k square meters...great opportunity

14. NEW 50k meters of Lau Lau Beach...call

15. Apartment complex - owner financing with 300k down

16. 3k square meters of beach property 75k

17. Best deck in Saipan with golden view near Garapan 360k

18. Beach home near Lau lau 600k

19. 22 unit apartment building 600k

20. Apartment complex 8 x 2 bedroom, 34 years, 325k

21. 3 units, two 3 bedrooms plus guest house rental and pool 325k

22. 8 unit with 3k square foot unfinished home upstairs 250k plus 1200.per month starting 2010

23. New building lot in San Antonio. 1/4 acre adjacent to SA elementary school parking ot 150 meters from beach and 150 meters from Beach Rd. Asking 15k

24. 3 bedroom fully concrete home with great ocean view. Owner may finance with 25k down 125k

25. New offering of 5k square meters of view property where you can see the sunrise and the sunset

Super executive homes...Saipan's finest

26. Mt. Topachau 5 bedroom 325k

27. 2 story best view deck in Saipan 360k

28. 4 bedroom Sadag Tasi 400k

29. Best view in Saipan 475k

30. Beach home in Lau Lau 500k

31. 5 bedroom with pool 200k

32. Stylish Sadag Tasi home 350k

33. Executive home with sunrise and sunset450k

34 4 bed Garapan 200k

35 Flametree 3 bedroom 225k

36. Navy Hill mansion 1 million

37. Wireless mansion with sunrise and sunset view 1,000,000.00

38. Navy Hill 3 bedroom 325k

39. Lau Lau Heights 500k

40. Unique mansion on point 425k

41. Beach home two family 475

42. Sleeper 4 bedroom with view 375

43. Capital Hill 225 with wall and huge porch/deck

44. New construction design German engineered on 1600 sq meters with 2350

45. 27. Unbelievable home atop Mt. Top 900k

NEW PROPERTY FROM SAIPAN REAL ESTATE

NEW CNMI PROPERTIES for SALE 2-14-09!!  Happy Valentines Day from Saipan Realty

1. 17 commercial properties ranging from 200k to 3.0 million including...5k squae meters with ocean view for 90k in Navy Hill

A) a 70 unit apartment and with 10 commercial spaces includes view, pool, restaurant, net profit 300k yearly

B) a dormant but excellent condition factory and warehouse 275k

C) an apartment building with six 3 bedroom units and 2 1 bed with ocean view 750k

D) an apartment complex with ocean view and 22 units

E) an apartment complex with 72 units 3.5 million

F) commercial building on Beach Rd with 6 units

G) commercial building in Garapan with 12 units fully occupied

H) Vacant beach hotel

2. 7000 sq meters in Guala Rai with power, water, & some ocean view reduced to 140k – 53 years remain

3. World’s most spectacular view property and Saipan’s best building location.

This view of the fire red sunsets, harbor, tourist district, Monagaha Island, and turquoise lagoon is the best view in America. 52 years remain on lease, clear insurable title, and surrounded by some of Saipan’s finest homes. Property leased in 1996 for 1.4 million can now be acquire for 325k.

4. ANAKS condos!

Saipan's only gated community

85k & 95k- small 2 bed lower unit renovated

150k, 175k, and 225k and these are higher view units.

The ANAKS is one kilometer from the Garapan tourist district, beside the bike/walking trail, is the only place on Saipan with potable drinking water from the faucet, has wonderful pool including baby pool(2nd pic down), tennis courts, gated 24 hr security, and this 2 bedroom unit has glorious ocean views of Monagaha Island and the harbor(36 years remain on lease).

5. Residential homes

a) 4 bed new construction, private and waled with shade trees and jucuzzi bath 135k(Sold)

b) 3 bed with maids quarters or extra rental, nice location and view. 250k

c) 4 bed with pool and wall reduced from 350k to 275k.

d) 3 bed ex condition, some ocean view, windy with nice yard. 225k

e) 4 bed , nice As Matuis location and view. 225k

f) 4 bed with pool and wall reduced from 350k to 275k.

g) 4 bed building permit on great ocean view in Saipan

h) 4 bedroom view deck in Saipan with golden view near Garapan 360k

i) New beach home Lau Lau with wall 600k

j) Commercial Beach Road building with residential 2nd floor, wall, yard, near beach 225k

k) 3 units, two 3 bedrooms plus guest house rental and pool 325k

I have many other cheaper houses in varied condition from 15k to 100k.

l) 8 unit with 3k square foot unfinished home upstairs 250k plus 1200.per month starting 2010

m) New 4 bedroom concrete home in Susupe 135k

6. 50k square meters across from Lau Lau Beach 25

7. 5k square meters with view of sunrise and sunset 240k

233-1144 office              287-4766 cell


Fax 670-323-home         email – a1referrals@yahoo.com         http://www.saipanservices.com/