Chinese invest US$70m in Jamaican real estate

The Housing Agency of Jamaica (HAJ) plans to develop some 9,800 low-cost homes and land lots across the island over the next 12 months, and Minister of Water and Housing Dr Horace Chang said, in his contribution to the Sectoral Debate in Parliament, that the Chinese were financing some 3,300 of the housing units with an injection of US$71.2 million (J$6.3 billion) in loans. Chinese company COMPLANT, which built the Greenfield stadium in Trelawny, will be the main contractor on the project, but local subcontractors and local workers will be used.

Read more at http://www.jamaica-gleaner.com/gleaner/20100521/business/business6.html

 

 

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