Other new housing developments

We must also mention a few other housing developments of interest in todays real estate market. Firstly, The Villagio in Montego Bay is due to be completed in January 2009 and features condominiums and townhouses and prices start at US$350,000. The ad says they are 80% sold out. Also in Montego Bay, The Colony at Half Moon and The Palmyra are offerings which seem to be pitched to overseas investors.

Seymour West is to be located in Kingston's Golden Triangle, and is slated to be a community of 2 bedroom apartments and 3 bedroom townvillas being offered by Sagicor Property Services. Prices start at US$345,000.00. 

We will be watching the uptake of these properties in the months to come.

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J$4-billion residential project for St. Ann

Richmond Development Company Limited will build 1,002 housing units in two phases, mainly targeting a market of returning residents, with the first 500 units expected to be completed in 12 to 16 months. The three bedroom stand-alone units are priced at US$195,000 (J$13.6 million), and at this price these units should be a great investment.

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