Realty Check

Wednesday, July 21, 2010 THE National Housing Trust (NHT) plans to build six upscale townhouses in the Kingston suburb of Cherry Gardens costing $141.7 million, according to just-released government data. Prime Development Company has been endorsed to construct six townhouses each with three bedrooms and associated infrastructure at 2a Mark Way, Cherry Gardens which leads [...]

ONE of the largest international land surveying companies, the Korea Cadastral Survey Corporation (KCSC), has signed an agreement with Geoland Title Limited, a Jamaican land management company, for the rapid expansion of the Land Administration and Management Programme (LAMP). The Korean entity which is recognised worldwide for having the best practices in land surveying and [...]

Monday Exchange BY JULIAN RICHARDSON Assistant Business Co-ordinator richardsonj@jamaicaobserver.com Wednesday, July 07, 2010 Jamaica Hotel and Tourist Association (JHTA) President Wayne Cummings says the move by Government to tighten the supervision of strata properties will help facilitate Jamaica’s transition into the timeshare market. The Registration (Strata Titles) (Amendment) Regulations, approved in the House of Representatives [...]

Experts talk realty at Mayberry forum Sunday, April 04, 2010 Every good decision is made with wise advise, and as the global recession shows signs of easing, one of the questions on the lips of the prudent investor is “should I consider real estate going forward?” That is where wise advise can come in very [...]

Wednesday, March 17, 2010 The Registration (Strata Titles) (Amendment) Regulations, which provides the administrative tools for Strata Corporations to administer their duties effectively, was approved in the House of Representatives on Tuesday (March 16). Prime Minister Bruce Golding mentioned that Regulation 11(d) provided for information to be made available to the key players in the [...]

BY JULIAN RICHARDSON Assistant business co-ordinator richardsonj@jamaicaobserver.com Sunday, March 07, 2010 LOCAL engineers are exploring a number of alternative building materials which could make housing solutions more affordable in Jamaica. The National Housing Trust lends a maximum of $3.5 million to individual borrowers and two persons can combine for a loan for a maximum of [...]

The Air Jamaica building, corporate head-quarters for the national carrier, is on the market for sale, as the airline counts down to a final agreement with prospective buyer Caribbean Airlines of Trinidad. Sale of the five-storey 32,802-square foot building, located on Harbour Street and overlooking the Kingston waterfront, was expected.

BY TANESHA MUNDLE Observer staff reporter mundlet@jamaicaobserver.com Thursday, March 04, 2010 A pregnant former National Housing Trust (NHT) employee, who was allegedly involved in a housing racket which defrauded persons of about $10 million, was on Tuesday remanded in custody after her bail was revoked in the Corporate Area Resident Magistrate’s Court. The accused, Stacy-Ann [...]

Thursday, February 18, 2010 OSWALD James, the Kingston attorney accused of cheating a client of $25 million in a real estate deal, will return to the Corporate Area Resident Magistrate’s Court to answer fraud charges on April 22. The attorney, who was arrested last year August 14 by Fraud Squad detectives, had his bail extended [...]

BY CLAUDIENNE EDWARDS Observer writer edwardsc@jamaicaobserver.com Thursday, February 11, 2010 KINGSTON Mayor Desmond McKenzie has issued a warning to developers that the integrity of the council of the Kingston and St Andrew Corporation (KSAC) would not be compromised by approving buildings that were not in compliance with the building codes. According to McKenzie, some developers [...]