When Tim Tepaki returned to the Cook Islands, he brought two presents with him. The first was Unit Titles, which was passed by Parliament in 2005 to double the value of property as shown in LAT sales, and the second was Entitlement Titles, yet to be released to the public and expected to rain money when it does.
Dear Editor,
Contrary to popular belief, Tim Tepaki, a previous Sheraton developer and current developer of the private sector $300 million PERCI development, wasn’t broke.
The old deserted and controversial Sheraton Hotel in Vaimaanga is getting a new lease of life after Rarotonga businessman Chris Vaile took on the challenge to redevelop the site into a high-end apartment property complete with other amenities.
Rarotonga s cursed hotel : Fresh hope the big elephant will rise again stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.