Archive | July, 2009
Stamp Duty & Transfer Tax Cuts Brought Forward
In April of this year, the Minister of Finance and the Public Service – Audley Shaw – announced in Parliament that effective January 1, 2010, stamp duty would be reduced from 4.5% to 3%, and transfer tax from 5% to 4%. This was seen as an effort to help boost Jamaica’s ailing real estate market, [...]
Continue reading...Jamaica Real Estate Market Becoming Buyers Market?
24. July 2009
Is Jamaica’s real estate market becoming a buyers market? According to an article in today’s Jamaica Gleaner newspaper, it is, and properties are now staying on the market longer and buyers can, in some locations, cherry pick for bargains. More here.
Continue reading...National Housing Trust (NHT) To Offer 40 Year Mortgages
24. July 2009
The National Housing Trust (NHT) will reportedly lengthen the repayment period for its mortgages from 30 years to 40 years, as well as allow borrowers to carry their debt up to the age of 70. This policy shift is reportedly being rolled out now, and will increase the number of people eligible for its loans [...]
Continue reading...Reading Manor Apartments – St. James
22. July 2009
Located opposite the Reading Post Office in Reading, St. James, Reading Manor Apartments is a gated community consisting of 20 units at a minimum of 700 sq. ft. with ample parking facilities. EACH UNIT COMPRISES: • Ceramic tile flooring • Polished stone kitchen counter • Internal washer/dryer • Central laundry facilities • Full array of [...]
Continue reading...The Meadows of Irwin – Montego Bay
21. July 2009
Described by its developers Can-Cara Development Ltd. as a ‘Touch of Paradise’, the Meadows of Irwin is located less than ten minutes from Sam Sharpe Square, and offers 2 bedroom-1 bathroom units of 844 Sq. ft. Additional details: - PHASE 2 NOW SELLING - Cost – J$6.5M (Subject to escalation) FEATURES • Ceiling fans • [...]
Continue reading...Chelsea Hotel For Sale
20. July 2009
Sydney Melville, owner of the Chelsea Hotel which has operated at its present location in New Kingston for over 40 years, is reportedly looking to sell the hotel, and has enlisted realtors Valerie Levy and Associates to help dispose of the property which sits on 1.5-acre. Melville, who is 88 years old, has reportedly said [...]
Continue reading...New Housing Development In Luana, St. Elizabeth
18. July 2009
Ground will reportedly be broken next Friday (July 24) for a J$87-million housing development in Luana, St. Elizabeth. To be called Luana III, it will include 49 starter houses and eight serviced lots, and is centrally located – approximately five minutes from Brompton – along the Brompton to Savanna-la-Mar main road. It will be developed [...]
Continue reading...Presidential Estate – Old Harbour
16. July 2009
Looking for a tranquil oasis … your piece of paradise in the heart of Old Harbour? Model homes at the “Presidential Estate” are now ready for viewing. They feature: Spacious 909 sq. ft. 2 bedroom home Secure, gated, living experience Contemporary finishes Spacious but intimate community (only 103 units) Built by WIHCON and assured of [...]
Continue reading...Rhone Park Estate – Old Harbour
15. July 2009
Rhone Park Estate in Old Harbour, St. Catherine, features deluxe town homes with the following: 2 Bedroom, 1 Bathroom 800 sq. ft. homes on 3800 sq. ft. lots Full kitchen cupboards Rafted ceiling Built-in closets with bi-fold doors 6 ft wide front porch French windows Fibre glass shingle roof Ceramic tiles throughout 5% down for [...]
Continue reading...Secure Your Property For The Hurricane Season
15. July 2009
Although we now are in the midst of the 2009 Atlantic Hurricane Season, it is not too late to take the necessary precautions against being adversely affected by a hurricane. For six months of the year, we are held to ransom by these overpowering storms of nature which have the potential of dramatically changing our [...]
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29. July 2009
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