The Housing Agency of Jamaica (HAJ) is to undertake the development of 14,000 housing solutions out of the national target of 70,000. To date, the entity has achieved approximately 4,000 housing starts. Prime Minster, the Most Hon. Andrew Holness, made the disclosure during his contribution to the 2023/24 Budget Debate in the House of Representatives, on Thursday (March 16). “Over...

Real estate developers are being urged to seek authorisation before executing projects to avoid stringent penalties, including imprisonment. Acting Chief Operating Officer of the Real Estate Board (REB)/Commission of Strata Corporations (CSC), Cresfroid Brown, made the appeal recently while speaking with JIS News. The call specially applies to practitioners engaging in more than one development over a 24-month period and...

Real estate professionals are being advised against practising without valid authorisation and accepting payment for jobs they are not licensed or registered to perform. This is especially important, since all permits are set to expire on March 31, the end of the 2022/23 financial year. The renewal period for dealers, salesmen, developers, and strata corporations will subsequently open on April...

The National Housing Trust (NHT) has informed that it has compensated residents who were affected by flooding last year at its Ruthven Towers apartment complex, in New Kingston. The entity’s Managing Director, Martin Miller, told a Standing Finance Committee of the House, today (March 1) that the flood-damaged vehicles of 11 of the 14 persons who were directly affected, were...

The National Land Agency (NLA) has partnered with the Victoria Mutual Foundation to alleviate financial challenges being experienced by persons looking to secure registered certificates of title for their land. Both entities signed a Memorandum of Understanding (MOU) at the Office of the Prime Minister (OPM) on February 24 to assist more than 400 eligible landowners in surveying their properties...

FirstRock Real Estate Investments (FREI) will soon be bringing its $2.5-billion luxury residential development, Bonne Chance, to market. Located at 8A Brompton Road on the outskirts of New Kingston, the nine-storey, mid-level high-rise complex will feature 43 units, ranging from studios to penthouse suites. The ground-breaking ceremony was held on Thursday (February 23). It will comprise 31 studios – 700...

The Government’s Electronic Land Titling project is to continue in the upcoming fiscal year from an allocation of $160 million. The project aims to improve the efficiency of the land registration process from the point of application through to issuing of a legally binding proof of title. Details of the allocation are contained in the 2023/24 Estimates of Expenditure, now...