Category: Reale Estate News

Finance Minister Says Gov’t Plans to Discontinue Taking Funds from NHT

By Douglas McIntosh + Story Highlights Finance and the Public Service Minister, Hon. Audley Shaw, says the Government plans to discontinue withdrawing funds from the National Housing Trust (NHT) to finance the Budget. “It would have been fiscally irresponsible for us to seek to virtually double the tax package in order to cease taking (drawdowns)…

The Estuary, St James

Welcome to The Estuary. These beautiful detached one bedroom units will be located in Friendship, St James, 5 kilometers south of Montego Bay, and in close proximity to the communities of Irwin Estate and WICHON’s “The Meadows of Irwin”. With a lot size of 2,800 sq. ft. (min.)/(260 sq. m), these 380 sq. ft. units have social…

Property Tax Rates change come April 1, 2017

—KINGSTON, Jamaica — Come April 1, the property tax rate is to be reduced to 0.8 per cent with a cap at 1.3 per cent down from the current range of 1.5 per cent to two per cent. According to Finance Minister Audley Shaw, the reduced rate will see over 272, 000 property owners benefitting…

GK headquarters project to hire 150 locals

The site where the new GK Headquarters will be developed at Harbour Street, Kingston, is ready for construction to begin. The new headquarters for food and financial services conglomerate GraceKennedy Limited (GK) will provide 180 mostly local jobs during its construction, which has been hired out to a Chinese contractor. China Sinopharm International Corporation (CSIC)…

Improved Sewage Treatment Facilities for Some 200,000 Portmore Residents

Story Highlights The National Water Commission (NWC) has commenced operations for the transfer of effluent from the Portmore sewage pumping stations to the Soapberry Wastewater Treatment Plant in St. Catherine. Under the project, which commenced in 2014, five wastewater treatment plants at Independence City, Bridgeport, Hamilton Gardens, and Caymanas Gardens, which were in disrepair, were…

Squatting cannot be used to secure land

KINGSTON, Jamaica (JIS) — Prime Minister Andrew Holness says informal settlements or squatting cannot be used as a means for securing land tenure in Jamaica. Holness informed that it is the orderly settlement of land which is led by the Government that will ensure Jamaicans own land. “Every single Jamaican, no matter what their status…

PM Andrew Holness Breaks Ground for housing units called “The Estuary”

  PM Andrew Holness (2nd right) breaks ground for the construction of 1, 500 housing units called “The Estuary” at Friendship in St James on Friday.  He is joined by (from left): Mayor of Montego  Bay, Homar Davis, Tourism Minister Edmund Bartlett, Attorney General Marlene Malahoo Forte, Chairman of the National Housing Trust, (NHT) Dr…

32,000 visitors to Jamaica via Airbnb in 2016

 KINGSTON, Jamaica (JIS) — Tourism Minister Edmund Bartlett says Jamaica already received 32, 000 visitors via the online travel marketplace, Airbnb, with which the Jamaica Tourist Board (JTB) signed a Memorandum of Understanding (MOU) in December 2016. “Already, 32,000 visitors came to Jamaica last year via Airbnb… ; this level of (diversity) in the way…

Castlewood, Trelawny

Between Monday, March 6, 2017 and Wednesday, March 8, 2017, the National Housing Trust will be inviting applications for 24 serviced lots in this development, known as Castlewood at Granville, Trelawny. Castlewood at Granville is situated on 20 acres of land, located approximately 5.5 kilometres southwest from Falmouth Square.  The development is located along the…

Work Progressing on Dredging of Kingston Harbour

+ Photo: Donald De La Haye Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Hon. Dr. Horace Chang (left), listens as Chief Executive Officer of Kingston Freeport Terminal Limited, Olivier Tretout, explains the scope of work being undertaken to dredge the Kingston Harbour, during a tour of the project site at…