Breaking News: BLT Units 2A & 2B declared

[Squidrific]

Well as long as we are making predictions. I say everyone is wrong in there thinking of a rediculously high price. I say $104 per point. They will not offer the standard $8 off incentive though. They will still through in the DP's and push the fact that there will be no MF's due until occupancy. I saw the place 3 weeks ago and I swear it is going up faster than KIDANI village which is scheduled to open MAY 2009. By the way from what I have seen the BLT pool doesn't look like anything special to me. JMHO!!!!

Actually only part of Kidani opens May, 2009. From the Lobby - south will be open as will the pool. The northern wing and rainforest savannah will not open until September, 2009.

 

[tjkraz]

All valid points. My only issue would be that DVC has to realize that sales will be greatly impacted by folks that understand that they can buy much cheaper and book 7 months out.

I doubt that's a concern. Given it's presence in the theme parks and resorts, DVC always has the greatest exposure to clients and thus the ability to influence customer decisions. They've had to compete with the lower-priced resale market for years with the primary drawbacks being that the process takes longer to complete and financing may be a bit more difficult. That hasn't stopped DVC from selling $400 million in points per year.

Besides, if people believe they will be able to book BLT at 7 months in any great numbers, I suspect they are mistaken. Assuming a separate category is created for a Magic Kingdom view, those rooms will rarely be available at 7 months....if ever.

 

[drusba]

and they could start selling sooner too based on the minimum % of completion needed in FL for TS sales

Pre-sales are allowed under Florida law before anything is finished. Due to certain requirements and hoops developers need to consider, realistically they may start sales 6 months before any part opens and can stretch that out up to a year before, but probably would not want to stretch it out too far beyond 6 months.

 

[SuzanneSLO]

$105 (after cash incentives)

It looks like the room rates (based on average points per night) will be about 10% higher than AKV.

However, it also looks like there will be a lot of points sold based on higher points per unit and lots of units. As a result, the annual dues per point may be lower than other resorts. Let’s assume that the annual dues will be 20% less (which is just wild guess).

Assuming that buyers are rational (but still want home resort preference) and eliminating the issue of location, there should be a differential in purchase price from that charged for AKV points based on these 2 factors. Absent anything else, the 10% higher “room rates" should lead to a 10% discount in price per point. If we assume AKV is $94 (after cash incentives), then BLT should be about $85.

Assuming the average buyer owns DVC for 20 years, the 20% lower annual dues would be equal to about a $20 net present value, suggesting an increase in price per point of $20.

The total of these suggests that the price per point a buyer should be willing to pay for BLT (after cash incentives) is about $105. So the estimate of $115 (pre-incentives) is probably pretty close. -- Suzanne

 

[keishashadow]

Pre-sales are allowed under Florida law before anything is finished. Due to certain requirements and hoops developers need to consider, realistically they may start sales 6 months before any part opens and can stretch that out up to a year before, but probably would not want to stretch it out too far beyond 6 months.

know it's been posted here a couple times that due to shady developers not finishing common areas, etc.; leaving buyers 'high & dry' that regs were implemented to 'preserve' the industry in FL?

 

[XGrumpy1]

The total of these suggests that the price per point a buyer should be willing to pay for BLT (after cash incentives) is about $105. So the estimate of $115 (pre-incentives) is probably pretty close. -- Suzanne

Thanks, Suzanne. I sure hope you are right, I could buy with that price!

 

[hakepb]

So are 2a and 2b the sales models, presumably?

.. Or DVC is accruing developer points. DVC now has 08 UY BLT points, that they can transfer and bank into 09, So they can sell BLT with bonus BLT developer points that really cost them nothing?

 

[pinnocchiosdad]

Actually only part of Kidani opens May, 2009. From the Lobby - south will be open as will the pool. The northern wing and rainforest savannah will not open until September, 2009.

Hey Caroline, Just curious where you heard this. Its a new one on me.

 

[bookwormde]

I believe they started selling Kidani close to 10 months before the may opening date.

I do not think “developer points” start to accumulate until the units are “occupiable, so no realistic chance of 2008 BLT developer points


bookwormde

 

[MBELSANTI]

I don't know about the rest of you guys, but the Bocce Ball Court has the Italian in me jumping for joy!

Also, did you notice the floor plan for 2B which looks to be a 2 bedroom as 3 baths!!!

 

[LisaS]

Hey Caroline, Just curious where you heard this. Its a new one on me.

I'm not Caroline but the information that Phase 2 of Kidani Village would open in September 2009 was mentioned in a News article on the member's website back in July. They didn't mention specifically which part of Kidani was Phase 2 but given they have not declared any Units in the end of the building furthest from Jambo House, that would appear to be Phase 2. That is also the location of the new Pembe Savanna. There is some discussion of Phase 2 in this thread.

 

[mj2vacation]

know it's been posted here a couple times that due to shady developers not finishing common areas, etc.; leaving buyers 'high & dry' that regs were implemented to 'preserve' the industry in FL?

I have seen it posted before, but have never seen the basis for the comment. I guess if it gets posted enough, it can become a fact!

There may be some type of law regarding this, but there is apparently a way to work around it. Other companies have.

 

[mj2vacation]

\

 

[hakepb]

I believe they started selling Kidani close to 10 months before the may opening date.

I do not think “developer points” start to accumulate until the units are “occupiable, so no realistic chance of 2008 BLT developer points


bookwormde

If they expect to be occupiable in 10 months, then like Kidani, there will be availability within the current '08 UY's?

 

[tjkraz]

If they expect to be occupiable in 10 months, then like Kidani, there will be availability within the current '08 UY's?

Some, but not all. If we assume an opening of September '09, they might be able to sell Oct and Dec contracts with '08 points since those Use Years will still be in effect.

I don't see how they could sell '08 points with something like a June Use Year which will end 3-4 months before the resort opens.

Just want to add that I agree with bookwormde's comment that declaring units doesn't accumulate any Developer's Points. Disney gains DPs when they exercise the right to "use" points they are holding. At this time NONE of the CRV points are usable...thus no DPs accumulating.

As for these rooms being sales models--I don't see why they would do that. AKV doesn't have any on-site sales models. The sales center is going to remain at SSR. That's the logical place to build models just as they did with AKV.

 

[5forDiz]

As for these rooms being sales models--I don't see why they would do that. AKV doesn't have any on-site sales models. The sales center is going to remain at SSR. That's the logical place to build models just as they did with AKV.

Hmmm . . . I would think perhaps DVC may think it would be beneficial to have on-site sales models at BLT ( in addition to sales center at SSR ) in order to take advantage of close proximity to MK - prospective buyers or even those just curious would be able to walk / monorail over. Same for folks staying at Polynesian, GF ( WL & FW too ).

 

[tjkraz]

Hmmm . . . I would think perhaps DVC may think it would be beneficial to have on-site sales models at BLT ( in addition to sales center at SSR ) in order to take advantage of close proximity to MK - prospective buyers or even those just curious would be able to walk / monorail over. Same for folks staying at Polynesian, GF ( WL & FW too ).

We could have made a similar argument about AKV: long distance to travel from AKV to SSR...resort theming is something that is best communicated first hand (that poster really doesn't do justice to the savanna .) But none of that was reason enough to open a model.

I think one of the problems is that they wouldn't have the facilities on-hand to do anything more than let people wander around. If someone is interested, they still have to trek over to SSR to have a private place to discuss, write the paperwork, etc.

Before the sales center was at SSR it was at the BoardWalk. The Boardwalk had model rooms for HHI, VWL, BCV, SSR and perhaps even Vero.

I'm not saying that it won't happen but there really isn't a precedent for it. New models have always been placed at the location of the sales center.

 

[PrincessNewsie]

Does this mean we are fairly secure in the Oct 3rd announcement date? (LOL AT least more sure than the July1st or August one?)

 

[Maria395712]

just waiting to hear price per point
maria

 

[5forDiz]

We could have made a similar argument about AKV: long distance to travel from AKV to SSR...resort theming is something that is best communicated first hand (that poster really doesn't do justice to the savannI ...

I see your point. I'm just thinking that since it's on the monorail, etc. ... it'd be more persuasive to view models there especially if price per point sky rockets as well.