Released on: September 17, 2008, 10:00 am

Press Release Author: Costa Rican Development Corporation

Industry: Real Estate

Press Release Summary: The growing popularity of Costa Rica as a favored location
for retirees, investors, and tourists has resulted in high demand for Costa Rican
Development Corporation’s exclusive residential communities.

Press Release Body: The Costa Rica real estate market has experienced astounding
growth in the past ten years, with a marked increase in foreign investors’ attention
to luxury residential real estate during the recent period of sagging economy for
the United States and Europe. The Costa Rican Development Corporation (CRDC) has
seen heightened interest in its high-end communities, especially Cerro Fresco
(www.cerrofresco.com/), a development featuring Balinese bungalow villas in Jaco´,
Costa Rica.

The tropical weather, exciting outdoor activities, diverse terrains, and natural
wonders of Costa Rica combine to make it one of the most desirable locations for
retirement homes and vacations. Investors are finding that their acquisitions of
first class residences in developments such as Cerro Fresco are resulting in
handsome profits. Interest in Costa Rica real estate, especially listings for
luxury developments, is reaching unprecedented heights, and it does not show any
signs of slowing down.

Costa Rica’s Central Pacific region, with both coastal and mountainous locations, is
the country’s fastest growing area. There are an abundance of outdoor activities to
choose from in Central Pacific Costa Rica, including white water rafting, surfing,
parasailing, canopy tours, horseback riding and sport fishing. Jaco´, home to Cerro
Fresco, offers a wide selection of international cuisine restaurants, galleries,
hotels, casinos, and nighttime entertainment spots. San Jose´, the capital of Costa
Rica, is a two hour drive from this popular city.

Those searching for a pleasant retirement location or idyllic vacation destination
find that Central Pacific Costa Rica has just what they are looking for. With an
average yearly temperature of 81 F (27 C), thousands of species of plants and
wildlife, and amazing views of waterfalls, volcanoes, and rainforests, there is
little wonder why Costa Rica has become the favorite locale for so many.

The elegant, open-air Cerro Fresco villas are expertly constructed using native
Costa Rica woods and state-of-the-art appliances and amenities, such as infinity
pools. Promising “a premium quality of life experience,” the Cerro Fresco
development provides residents with an on-site spa and concierge services. The
community is located 1,500 feet above sea level, allowing residents to take full
advantage of views of tropical gardens and rainforests. For detailed information
about Cerro Fresco, please visit www.cerrofresco.com/.

About CRDC: The Costa Rican Development Corporation (CRDC) specializes in the
design and development of luxury residential communities. With particular attention
given to the quality of its estate homes and an emphasis on customer satisfaction,
CRDC has become a prominent Costa Rica real estate developer. Current CRDC
developments include Cerro Fresco, Hermosa Highlands, Villas Altas, and Highland
Estates.

Web Site: http://www.cerrofresco.com/

Contact Details: CERRO FRESCO SALES CENTER
Hermosa Highlands S.A.
Atrium Corporate Plaza
Escazu,Costa Rica
Phone:US (800) 729-5212
Email: info@cerrofresco.com