Realty Check

JIS Wednesday, February 10, 2010 GROUND has been broken for some 288 serviced lots under the Sugar Workers Housing Programme in Bounty Hall, Trelawny. Some 150 serviced lots are to be provided for workers on the Hampden Estate in the parish, while the remainder will be sold on the open market. The project forms part [...]

KINGSTON (JIS): Wednesday, December 23, 2009 “We have listened and we have heard,” was Prime Minister Bruce Golding’s response to public criticism of the tax package announced in the House of Representatives, last week Thursday. In a national broadcast Wednesday night (December 23), Mr. Golding said, “the response from the people of Jamaica has been [...]

BY HORACE HINES Observer West reporter hinesh@jamaicaobserver.com Thursday, December 17, 2009 MONTEGO BAY, St James–Scores of squatters in Norwood Pen and Paradise Pen are fearful of being bulldozed out of their homes following last week’s serving of demolition notices– signed by the Housing Agency of Jamaica Limited on behalf of the Ministry of Housing– on [...]

Patrick Foster Thursday, December 17, 2009 GOVERNMENT is to replace Earl Samuels as managing director of the National Housing Trust (NHT) next January, in a major shake-up at the island’s premier housing organisation. Samuels’ contract expires on December 31, and according to NHT Chairman Howard Mitchell it will not be renewed as the organisation is [...]

Published: Friday | December 18, 2009 Sabrina Gordon, Business Reporter Barbican Estates Limited (BEL), a nascent company, has chosen as its first venture the development of new commercial space in the busy and often congested Barbican Square, where commerce, on the face, of it is thriving. On a 1.13-acre property, Barbican Estates will, within weeks, [...]

Published: Friday | December 18, 2009 Daraine Luton, Senior Staff Reporter FINANCE MINISTER Audley Shaw yesterday announced the largest tax package of the calendar year as the Government moved to plug a $17.9-billion hole in the Budget. The package, the third announced by Shaw this fiscal year, is intended to raise $21.8 billion annualised through [...]

KINGSTON (JIS): Wednesday, December 16, 2009 Prime Minister the Hon. Bruce Golding The House of Representatives yesterday (December 15) passed the Registration (Strata Titles) Amendment Act with the 29 changes made by the Senate. Prime Minister, the Hon. Bruce Golding, noted that the majority of the amendments involved the insertion of or changes to words, [...]

The Multiple Listing System (MLS) may be familiar to those of you from the USA and Canada, but may be a bit of a mystery to those from elsewhere. The basic idea of the MLS is that all the (RAJ) Member firms have agreed to share their property listings and work together on all MLS [...]

Ashtrom Building Systems Limited, the Israeli construction company in which Jamaica has a minority stake, has landed a $2.1-billion contract from National Housing Trust for a residential real estate project in St Catherine. The contract appears to have hurdled all but one approval – Cabinet sign-off. But the executive branch’s endorsement is expected, however, now [...]

Pan Jamaican Investment Trust, the Facey family-controlled conglomerate engaged in property development and investment, has secured prime real estate in New Kingston from the Jamaican government on which the listed firm is expected to develop a hotel and other commercial ventures. Pan Jam will pay J$454.5 million for the 161,610 square footage in an area [...]