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Money laundering: 20 projects where you can buy an apartment or lot in a gated community without paying a penalty - La Nacion
Source:
www.lanacion.com.ar
September 13, 2024
The Chamber of Urban Developers shared which real estate projects can be invested in laundered money
By Candle Contreras
Projects suitable for investing with laundered dollarsGerardo Viercovich - THE NATION
Just a few days before the end of the first stage of the money laundering in Argentina : which allows the regularization of up to US$100,000 without paying any fixed tax , while those who exceed that amount must pay a rate of 5%, until September 30. In the following stages, the rate will be 10% until December 2024, and 15% during the first quarter of 2025.
But, one of the most attractive features of the money laundering is that , like the one announced in 2022, the regulations specify that if cash is regularized and left in the financial system until December 31, 2025, no fine is paid and no limit is set . Another option is to invest that cash in some of the placements authorized by the Ministry of Economy, including projects in the pipeline .
For works that are up to 50% complete, the rate is 0 , depositing the money until September 30 and having until the end of December 2025 to choose which development, registered with the AFIP, to invest in. In the case of laundering less than US$100,000 in new construction , the only difference is that there is no obligation to maintain the investment until the end of 2025 .
This measure is taken in the sector as an incentive for construction since it includes both new projects and those with a degree of progress of less than 50% at the time of the law's entry into force. In this way, benefits are provided to those people who have their money undeclared in the country and can invest it in a real estate project . "We think it is a good measure to promote development and investment in real estate projects. Construction is what generates work, investment, activity and deserves this privileged treatment," says Damián Tabakman, president of the Chamber of Urban Developers (CEDU).
All assets , in exceptional cases, must be valued in US dollars. In the case of real estate, the acquisition value, tax value or minimum value (whichever is higher) must be considered.
“We have noticed a great interest from the public in money laundering and the number of enquiries about our projects is increasing. CEDU members are taking steps to ensure that their projects are suitable for money laundering ,” says Tabakman. “It is essential that interested people can find in one place the variety of projects in which they can invest without risk and without cost, as well as technical information on money laundering,” he points out.
Below is a selection of 20 projects in which you can invest:
The project has one and two-bedroom residential units.
The project has sold 89% of its units and will be delivered in April 2025
Nomada Palermo is in the pre-launch stage
A new office building in Costa Rica 5514
Harbour Tower will be a 194-metre-high, 52-storey tower
Financing involves a 40% advance payment and 18 installments
The units range from 235 m2 to 535 m2
The project is being built on the land where the old JJ hotel used to operate.
Nativas is the penultimate neighborhood developed by Consultatio in Puertos
Orillas, the latest neighborhood launched by Consultatio within Puertos, has 438 lots ranging from 600 to 1,540 square meters, of which 70% face the central lake. The project, which already has 45% of its lots sold and will be delivered in August 2025, has values per square meter of US$275 on average and final prices ranging from US$118,000 to US$585,000 . The financing method is 30% down payment in dollars and up to 60 installments, with flex financing, which the client puts together according to their needs, under certain parameters.
The last neighborhood of Puertos has 438 plots ranging from 600 to 1540 m2
The Tigre project has already sold 60% of its units
The development will be delivered in October 2025
The project located in San Fernando has sold more than 80% of its units
There are gated communities that are also included in the proposal to buy lots with laundered money. Castex Properties
La Tercera, refers to the cup won by the Argentine National Team in Qatar
The price per square meter starts at US$2,400
This is what Ayrea's façade will look like
There are 60 residences with 1, 2, 3 and 4 bedrooms ranging from 94 to 280 m2
The apartments range from US$105,000 for one-bedroom apartments and from US$154,000 for two-bedroom apartments.
www.buysellba.com
Source:
Blanqueo: 20 proyectos en los que se puede comprar un departamento o lote en barrio cerrado sin pagar penalidad
La Cámara de Desarrolladores Urbanos compartió cuáles son los proyectos inmobiliarios en los que se puede invertir el dinero blanqueado
www.lanacion.com.ar
September 13, 2024
The Chamber of Urban Developers shared which real estate projects can be invested in laundered money
By Candle Contreras
Projects suitable for investing with laundered dollarsGerardo Viercovich - THE NATION
Just a few days before the end of the first stage of the money laundering in Argentina : which allows the regularization of up to US$100,000 without paying any fixed tax , while those who exceed that amount must pay a rate of 5%, until September 30. In the following stages, the rate will be 10% until December 2024, and 15% during the first quarter of 2025.
But, one of the most attractive features of the money laundering is that , like the one announced in 2022, the regulations specify that if cash is regularized and left in the financial system until December 31, 2025, no fine is paid and no limit is set . Another option is to invest that cash in some of the placements authorized by the Ministry of Economy, including projects in the pipeline .
For works that are up to 50% complete, the rate is 0 , depositing the money until September 30 and having until the end of December 2025 to choose which development, registered with the AFIP, to invest in. In the case of laundering less than US$100,000 in new construction , the only difference is that there is no obligation to maintain the investment until the end of 2025 .
This measure is taken in the sector as an incentive for construction since it includes both new projects and those with a degree of progress of less than 50% at the time of the law's entry into force. In this way, benefits are provided to those people who have their money undeclared in the country and can invest it in a real estate project . "We think it is a good measure to promote development and investment in real estate projects. Construction is what generates work, investment, activity and deserves this privileged treatment," says Damián Tabakman, president of the Chamber of Urban Developers (CEDU).
All assets , in exceptional cases, must be valued in US dollars. In the case of real estate, the acquisition value, tax value or minimum value (whichever is higher) must be considered.
“We have noticed a great interest from the public in money laundering and the number of enquiries about our projects is increasing. CEDU members are taking steps to ensure that their projects are suitable for money laundering ,” says Tabakman. “It is essential that interested people can find in one place the variety of projects in which they can invest without risk and without cost, as well as technical information on money laundering,” he points out.
What are the projects that can be laundered without paying taxes?
The CEDU (Chamber of Urban Developers) facilitated the search for projects suitable for whitening through its website: www.cedu.com.ar/blanqueo . There, interested parties can find information about real estate projects registered with the AFIP , the deadlines, rates and requirements to access the benefit. Tabakman highlights the importance of centralizing this information so that interested parties can “ invest without risk and without cost .”Below is a selection of 20 projects in which you can invest:
1) Sinclair 2941, in Palermo Nuevo
This residential building, which will be completed in April 2027 , developed by ONiXRE Real Estate, CABA, still has 67% of its units to be sold. It offers one- and two-room units, with surfaces ranging from 39 to 45 m² and a value of US$3,000/m² , with tickets starting at US$117,000. Financing is offered in pesos, in 36 fixed installments with adjustment according to the CAC index.
The project has one and two-bedroom residential units.
2) Juan B. Justo 829, in Palermo Green
In the Palermo Hollywood area , opposite the green and commercial district of Palermo Green , there is this 12-story residential project that includes 94 one-, two-, and three-room studios, with surfaces ranging from 30 to 100 m². The building, which has already sold 89% of its units, will be delivered in April 2025 and has tickets from US$90,000 with prices per square meter around US$3,000 . The project is managed by ONiXRE Real Estate.
The project has sold 89% of its units and will be delivered in April 2025
3) Nomad Palermo
Due to be completed in March 2028, Nómada Palermo is being built at Av. Santa Fe 4600, near the Palermo woods. This development includes studio to three-bedrooms residences, an apart hotel, offices, a 600 m² gastronomic space and commercial parking. It is currently in the pre-launch stage .
Nomada Palermo is in the pre-launch stage
4) Costa Rica at 5500, offices in Palermo Hollywood
In Palermo Hollywood, CABA, an eight-story office building developed by ONiXRE Real Estate is being built , with completion scheduled for April 2027. The units, 50% of which have already been sold, are suitable for professional use, have areas ranging from 70 to 140 m² and are priced at US$2,500/m² , with tickets starting at US$175,000 . The financing allows the total amount to be paid in pesos in up to 36 installments adjustable by the CAC index.
A new office building in Costa Rica 5514
5) Harbour Tower, in Puerto Madero
With an investment of US$100 million , Harbour Tower, from the GNV group, will be a 194-meter-high, 52-story tower, which will have 217 residences. Located in Madero Harbour, at the intersection of Lanteri and Lola Mora, it is scheduled to be delivered in January 2026. With tickets starting at US$389,000 and US$6,700/m² , 24% of the units still remain to be sold. The financing plan includes a 50% advance payment upon signing the ticket and 18 installments.
Harbour Tower will be a 194-metre-high, 52-storey tower
6) Osten Tower, in Puerto Madero
Scheduled for completion in December 2025, the 25-story building will consist of 160 units ranging in size from 49 m² to 171 m². Prices start at US$240,000 and the value per square meter starts at US$5,150 , with 27% of the units available. Financing requires a 40% down payment and 18 installments.
Financing involves a 40% advance payment and 18 installments
7) Velvet Collection, in Bajo Belgrano
In the Bajo Belgrano area , at Sucre 800, with an investment of US$20 million , BrodyFridman is building a five-story building that will have 22 two- and three-bedroom residences with prices ranging from US$1,000,000. The apartments, which will be delivered in October 2026, range from 235 m² to 535 m² and are already 80% sold.
The units range from 235 m2 to 535 m2
8) Quo Tower, in Núñez
With delivery in March 2026, a 22-story tower is rising in the Núñez area : the Quo Tower, located on the corner of Vilela and Comodoro Rivadavia. The project is famous for being built on the land where the old JJ hotel used to be. The work by the developer BrodyFriedman will have 18,000 total square meters of construction, 11,500 m² of sales and an approximate investment cost of US$22 million. With units ranging from two to four rooms and prices starting at US$150,000, they have already sold 40%.
The project is being built on the land where the old JJ hotel used to operate.
9) Ports, in Escobar
Nativas, the tenth Puertos neighborhood launched in 2022, has 418 plots of land between 610 m² and 870 m² with direct access to the nature reserve and the Luján River. With the first stage already delivered, in which construction can already begin, the Consultatio development has sold more than 60% of its lots and the rest are sold for an average of US$180/m² and final tickets ranging from US$100,000 to US$160,000 . Financing is 25% down payment and up to 60 installments with flex financing that the client puts together according to their needs , under certain parameters.
Nativas is the penultimate neighborhood developed by Consultatio in Puertos
Orillas, the latest neighborhood launched by Consultatio within Puertos, has 438 lots ranging from 600 to 1,540 square meters, of which 70% face the central lake. The project, which already has 45% of its lots sold and will be delivered in August 2025, has values per square meter of US$275 on average and final prices ranging from US$118,000 to US$585,000 . The financing method is 30% down payment in dollars and up to 60 installments, with flex financing, which the client puts together according to their needs, under certain parameters.
The last neighborhood of Puertos has 438 plots ranging from 600 to 1540 m2
10) Arauca Tiger
On the corner of Libertador Avenue and Lavalle, a 10,150 m² project rises in the northern area of Greater Buenos Aires. Arauca Tigre, developed by Kawen, has 76 one- and two-bedroom residences , with balconies and their own grills, five lofts on the ground floor with gardens and grills, a commercial promenade with seven stores and 97 garages and storage rooms in the basement. The value of the residences starts at US$170,000 (59 m² for two-room apartments up to 139 m²) and the premises have tickets ranging from US$200,000 . The financing method offered is with a 30% advance payment and installments adjusted by the CAC index until December 2025, which is when it will be delivered.
The Tigre project has already sold 60% of its units
11) Estancia Carabassa, in Pilar
A new private neighborhood is being developed at the entrance from the 56 km exit of the Pilar branch, in front of the Argentine Polo Association. The Eidico project, which is expected to be completed in March 2026, has 260 lots of 813 m² on average , a sports sector and green spaces. With 25 lots still to be sold , the values per square meter start at US$92 and with tickets from US$74,612 . The financing method is done with an advance payment in dollars, 30 installments in pesos adjusted by quarterly CAC and three reinforcements.12) San Miguel, in Pilar
San Miguel is a private neighborhood located on Route 34 and Las Truchas Street, with access from the exit of km 56 Pilar branch. The project developed by Eidico has 323 lots of 820 m2 on average , with a final value ranging from US$61,244. The 35 free lots can be purchased with a down payment in dollars and 23 installments in pesos updated by the CAC index.13) San Geronimo, in Pilar
With delivery in October 2025, San Gerónimo is a development that has six buildings with 336 apartments in total that include one, two and three-room typologies. Prices start at US$1,900 per m2 and tickets from US$64,000 for studio apartments, US$110,000 for one-bedroom apartments and US$126,000 for two-bedroom apartments . Of those for sale, 15 units from the first block and 30 from the second block still remain to be sold. The financing includes 24 installments in pesos that are adjusted by the CAC index.
The development will be delivered in October 2025
14) Buenavista Furo, in San Fernando
A complex of four 13-story buildings is being developed in Buenavista, 15 minutes from the city of Buenos Aires. The Grupo Uno en Uno project will be completed in December 2027 and will feature two- to four-room apartments ranging in size from 60 to 200 square meters. The units, which are already more than 80% sold, are priced at US$2,550/m² with tickets starting at US$168,000 and have 30% advance financing and 36 installments.
The project located in San Fernando has sold more than 80% of its units
15) San Antonio, in Canning
In Canning Village, located between Routes 52 and 58, a new private neighborhood is being built with 290 units of around 650 m², ranging from US$40,474 and with a square meter value from US$67, of which 38 lots of 151 lots remain to be sold from the first phase. The Eidico project, with a delivery date for July 2025, can be financed with an advance payment in dollars and installments in pesos with CAC adjustment.
There are gated communities that are also included in the proposal to buy lots with laundered money. Castex Properties
16) The Third, in Ezeiza
This private neighborhood in Ezeiza, which pays homage with its name La Tercera to Argentina's victory in the Qatar 2022 World Cup , "the best moment of the last 50 years, which was the Qatar 2022 World Cup final cup," according to Flavio Caputo, director of the developer Caputo Hermanos, which is carrying out the project, with delivery in August 2027, has lots of 1,000 m² on average, with a price starting at US$70/m² . For its part, the tickets range between US$69,000 and US$125,000 , for the lots with a water view. It is financed with a 30% advance payment, 36 installments and an annual reinforcement.
La Tercera, refers to the cup won by the Argentine National Team in Qatar
17) Crayon Tower, in Once
Torre Crayón, located at 2800 Corrientes Avenue, will be completed in December 2025. The project consists of 15 floors and 86 units, with surface areas ranging from 21 to 67 m². It offers one-, two- and three-room apartments, with prices starting at US$53,500 . One third of the units remain to be sold, with financing options in up to 24 installments. The value per square meter starts at US$2,400 .
The price per square meter starts at US$2,400
18) Ayrea Barracas
Comprised of four lots , three on Jovellanos Street and one on Lamadrid, the Ocha Desarollos project is built on four floors with 35 studio- to four-room apartments with their own terrace, with a surface area starting at 43 m² and reaching 261 m². The value per square meter at this stage is from US$1,900 and the ticket starts at US$83,742 . The 18 available units are expected to be delivered in March 2027, and can be paid 100% in cash, or 30% in cash and 24 installments in pesos adjusted by CAC.
This is what Ayrea's façade will look like
19) Vesta, in the province of Mendoza
Vesta is a 15,000 m² residential building with a US$25 million investment, located in the fifth section, in front of San Martín Park and steps away from the commercial area of Emilio Civit and Arístide streets. There are 60 residences with studio, one, two and three bedrooms, ranging from 94 to 280 m², located on 15 floors, and which have an average value of US$3,200/m² and tickets starting at US$275,000 . Developed by Criba and with estimated delivery for June 2026, 65% of the units remaining to be sold can be purchased with a 30% down payment in dollars and the rest in 24 installments updated with the CAC index.
There are 60 residences with 1, 2, 3 and 4 bedrooms ranging from 94 to 280 m2
20) Cardinal Towers, in the province of Mendoza
A complex of two 11-story residential apartment towers and a mid-rise building located in Guaymallén, has one- and two-bedroom apartments ranging from US$105,000 and US$154,000 , respectively. The project developed by Laugero Construcciones, which is scheduled to be delivered in June 2026, has more than 40% sold and the remaining units can be financed with an advance payment in dollars and 24 installments adjusted by CAC.
The apartments range from US$105,000 for one-bedroom apartments and from US$154,000 for two-bedroom apartments.
www.buysellba.com
