Sangsters Jamaica Real Estate
Sangsters Jamaica Real Estate |
JAMAICA REAL ESTATE NEWS |
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Real
estate market remains buoyant The shortage of affordable housing in desirable locations has forced buyers to dig deeper in their pockets to acquire property. "Jamaica is still experiencing a seller's market," explained one of Jamaica's leading real estate brokers, Valerie Levy. . . . (Full Story March 25, 2007) |
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High
prices slow residential real estate market In June 2005, a three-bedroom townhouse in Fort Charles, Stony Hill, sold for $8.3 million, according to realtor Deborah Cumming. By December 2006, a similar property sold for $14 million, a 69 per cent increase in just 18 months. . . . (Full Story March 25, 2007) |
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BNS
buys residential Olivier Road property - American school negotiating 49-year
lease with Jamaica College Bank of Nova Scotia Jamaica Limited (BNS) has purchased the 12 acre Olivier Road property, former home of the American International School in Kingston from the Issa family-owned St. Andrew Hotels. . . . (Full Story March 21, 2007) |
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FIS
seeking markets for 29 properties - Valued at $840 million Financial Institutions Services Limited (FIS) is hunting buyers for 29 properties it has left to sell from among confiscated assets mainly linked to Blaise and Century National, two of the more spectacular failures in the financial sector meltdown of the mid-1990s. . . . (Full Story February 21, 2007) |
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Slipe
Road businesses up for sale worth over $200 million Over $200 million worth of commercial real estate is up for sale in the gritty Slipe Road area of Kingston. But according to real estate broker Andrew Issa, whose firm, Coldwell Banker Jamaica, is representing many of the property owners, this turn of events has nothing to do with a fear of crime. . . . (Full Story February 21, 2007) |
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JN
exits Jamaica National Building Society (JNBS) has wound up its real estate subsidiary, completing the lockdown on Wednesday, but has redeployed staff to other jobs in and outside the group.. . . (Full Story February 2, 2007) |
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Real
estate developers want less bureaucracy Property developers have renewed calls for government to "free up" the bureaucracy associated with the transfer of property, which they say is causing long delays and exorbitant costs in real estate transactions. . . . (Full Story September 25, 2005) |
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JMMB
pays $40-m for building on Knutsford Jamaica Money Market Brokers has bought a building on Knutsford Boulevard in New Kingston, saying that it wanted a permanent presence in the business district to hedge against increase in real estate prices and rental. . . . (Full Story September 25, 2005) |
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UCC buying
$250-m C&W Portmore land for expansion Winston Adams' University College of the Caribbean (UCC) is to pay $250 million for 105 acres of land owned by Cable & Wireless in Portmore, and invest hundreds of millions more to establish a huge campus for his mushrooming educational enterprise. . . . (Full Story August 24, 2005) |
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Huge
new investments for Jamaica -Blackwell sells US properties NOT MUCH has been heard about Chris Blackwell in Jamaica lately. That is about to change. The hugely successful businessman, Hon. Chris Blackwell O.J. will, in 2006 invest $6.2 billion in his resort properties at Golden Eye in St. Mary, The Caves in Westmoreland and Strawberry Hill in St. Andrew. . . . (Full Story Aug 19, 2005) |
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PIOJ
buying Oxford Manor for $250 million THE Planning Institute of Jamaica (PIOJ) is buying the FINSAC/FIS property, Oxford Manor, Oxford Road, St Andrew for $250 million to house its offices . . . (Full Story August 10, 2005) |
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Drax
Hall sale nears completion Sale of the 800-acre Drax Hall property in which Dyoll Group has a stake, has neared completion to a consortium of businesses with Californian and Jamaican interests. . . . (Full Story April 06, 2005) |
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Lee
Chin buys Reggae Beach Michael Lee Chin has acquired the 250-acre Reggae Beach near Prospect Plantation in Ocho Rios from real estate developer, Robert Cartade. . . . (Full Story March 30, 2005) |
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Current
market trends in the real estate industry IN THE last quarter of 2004, demand for housing was strong and supply was scarce; thus we began to see a rise in housing prices across the board. . . . (Full Story February 6, 2005) |
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REAL
ESTATE as a means to wealth When Investing in real estate, the right location is key. The backbone of any economy is real estate. With an investment you have to look long-term and in the long run there is nothing to beat real estate . . . (Full Story January 23, 2005) |
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