As most of us here would know, all apartments on the first phase of the Alcudia Smir OR Kabila were fully reserved prior to launch. However, there are a few units that have come back on the market for sale (or resale). The developers, Fadesa, have already confirmed that the next phase of the project will be launched very soon with an increase of at least 30% on the original prices.
Therefore, investors who still haven't bought their units and missed out have a chance of getting in on the first phase with an instant equity within their investments. However, there are very limited units available and they will go fairly quickly.
Check out:
http://www.investorsprovident.com/RestOfWorld/development.asp/ID/150
Happy investing!