A sum of $900 million will be spent in the new fiscal year to continue implementation of the Electronic Land Titling Project. The project, which commenced in April 2021, aims to improve the efficiency of the land-registration process from the point of application through to the issuing of a legally binding proof of title. The money to carry out further...

For the 2022/23 financial year, the Jamaica Mortgage Bank (JMB) will continue to mobilise financial resources for on-lending to developers, so as to contribute to the overall increase in the supply of housing solutions. This is outlined in the Public Bodies Estimates of Revenue and Expenditure for the year ending March 2023. Accordingly, securing funding at competitive rates for on-lending...

The Housing Agency of Jamaica (HAJ) is expecting 1,269 affordable housing solutions to be brought to the market during the 2022/23 financial year, from three joint-venture arrangements. The joint-venture projects are with China Harbour Engineering Company, Henan Fifth Construction Group and RiteSolutions Developers Limited. Details are provided in the Public Bodies Estimates of Revenue and Expenditure for the year ending...

The building previously serving as the Olympic Gardens Police Station in St. Andrew West Central, is to be transformed to provide housing solutions. This in keeping with the Government’s thrust to further boost Jamaica’s housing stock. Prime Minister, the Most. Hon. Andrew Holness, made the disclosure during a tour of the structure on Friday (February 4). Mr. Holness, who is...

Prime Minister, the Most Hon. Andrew Holness, says that the Government will be increasing the number of houses made available to Jamaicans under the New Social Housing Programme (NSHP) in the new fiscal year. The Prime Minister said that solutions, coming out of the recent low-cost housing design competition, will now be utilised to deliver units faster and at an...

Persons looking to invest in real estate are being urged to contact the Real Estate Board (REB) before entering into any contractual agreement. This advice came from Chief Executive Officer (CEO) of the REB/Commission of Strata Corporations (CSC), Sandra Garrick, during an interview with JIS News. “It is important to remind the public that before they enter into any real...

The Real Estate Board (REB) continues to play a key role in regulating Jamaica’s real estate industry. “Our role is to ensure professionalism by dealers, salesmen and developers [and] to ensure that developers honour their contractual obligations. That includes protecting purchasers’ deposits if the purchase is done before the unit or the lot is built,” said Chief Executive Officer (CEO),...