Hi, I am quite new in this forum, but I would like to give my opinion on this, as I am opening a business in this sector and Caponga and Águas Belas are our prime focus.
First, I do know the guy who planned the initial development and I know the realtor who sold the development to this english corporation. I hope I am not going against anyone on this forum, but I believe that 300% is 3 years is very unlikely, although if the developer sells all the plots at current prices, they will make around 300% in less than 3 years.
Second, I know the development, I have visited it before they bought it, the infrastructure is there, even if the access road is not so good. However, this development is around 1 km from the beach, even if maybe 50% of the lots will have sea view, because it is located on a hill. In what concerns a great amount of free plots, this is the only development available there, and accessibility is quite good for both Fortaleza and Cascavel (next town).
Third, I have a beach house in Caponga (which is for sale, if anyone is interested),but I would recomen the next beach Águas Belas, more beautiful and with more quality debvelopments. Check out this development being planned there (sorry, can't post links):
absolutbrazil. info /investment-project-aguas-belas-golf-resort-spa-cascavel-ce
Fourth, I have to agree with Liquid, Caponga (and most of Ceará) should be seen in a 3-5 years time horizon, altough I have seen prices raising 400% in 5 years in Águas Belas, next to Caponga and even 100% in 6 months. But that's what they ask for the property, it doesn't mean someone will buy it. There is a new development in Aquiraz which will change the face of Ceará's real estate market:
absolutbrazil. info /article-mega-resort-aquiraz-riviera-starts-land-plots-sales
Also, because of the 2014 World Cup, I know there are lots of foreigners searching for (large) properties for investment.
Kind regards,
NS