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NHT Home Grants For Low-Income Contributors
As per recent advertisements in the local media: The National Housing Trust (NHT) invites applications for Home Grants for low-income contributors. The Home Grant is a non-repayable sum of up to $1.2 million (*conditions apply) that Contributors can use to “top up” their regular NHT loan, in order to buy or build a house. The [...]
Continue reading...North Carolina Apartments
13. July 2010
Home ownership may mean something different to individual owners but it is generally viewed as a sign of independence, stability and financial prudence. Home is a place to rest one’s weary head after a long day at work, a place to share special family moments and to enjoy sumptuous dinners. Many may appreciate the value [...]
Continue reading...Real Estate Board Notice To All Jamaica Property Developers
7. June 2010
Effective April 1, 2010, all developers who commence development schemes without having registered with the Real Estate Board, shall be liable to a penalty equivalent to the amount of such fees that the developer should have paid on registration. Signed: Real Estate Board 1 Surbiton Road, Kingston 10 Tel – 926-9748
Continue reading...Realtors Association of Jamaica Launches Multiple Listing Service
25. May 2010
Just last week, the Realtors Association of Jamaica (RAJ) launched Jamaica’s first Multiple Listing Service (MLS) – a website which lists all real estate (except For-Sale-By-Owner properties) that are available for rent, lease or sale across the island. It can be accessed at realtorsjamaica.com, and the service, which is already popular in many first-world countries, [...]
Continue reading...Mega Housing Projects For Clarendon & St. Catherine
6. May 2010
As part of ongoing rural infrastructural development efforts, the Government has reportedly given the green light for two contractors to build mega housing projects – with a combined value of $1.2 billion – in Clarendon and St. Catherine. The contractors are YP Seaton & Associates and Build Rite Construction, and both have been endorsed by [...]
Continue reading...New Benefits For National Housing Trust Mortgagors
21. April 2010
Speaking yesterday, during his contribution to the 2010/2011 Budget debate at Gordon House in Kingston, Prime Minister Bruce Golding announced a number of new and improved benefits for National Housing Trust (NHT) mortgagors. The new benefits, he said, come against the background of the prevailing harsh economic climate facing Jamaica, and become effective on May [...]
Continue reading...Condominiums To Be Built On Beach-Front Property In St. Mary
14. April 2010
Treboeth Developers, a United Kingdom-based company, will reportedly be investing approximately US$11 million in the construction of 32 condominiums on a beachfront property in Tower Isle, St. Mary. The development will be called Whispering Seas, and construction is scheduled to start in September, 2010. So far, the development has reportedly got the nod from several [...]
Continue reading...Government Announces Property Tax Hike
31. March 2010
While speaking in Parliament yesterday, Finance Minister Audley Shaw announced a whopping hike in Jamaica’s property tax rates effective tomorrow, April 1. The increase will see the flat rate (applicable to property with unimproved value up to $300,000) move from $600 to $1,000. Rates in respect of property with unimproved values exceeding $300,000 will attract [...]
Continue reading...Parliament Approves New Strata Fees
22. March 2010
Parliament has approved new regulations to the Registration (Strata Titles) Act, which provide for an initial registration fee per strata lot of $400-$500, and an annual registration fee of up to $12,000. The Strata Act was signed into law by Governor General Sir Patrick Allen in December 2009, but the regulations were passed in the [...]
Continue reading...$3b Country Club To Be Built In Negril
20. November 2009
Developer Robert Cartade is reportedly scoping out the market before finalizing plans for what is estimated to be a $3-billion country club estate development in Negril, with homes targeted at hotel executives, professionals and foreign buyers. Cartade and Andrew Girod have reportedly established a subsidiary operation – Selective Homes Negril Limited – to manage the [...]
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14. July 2010
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