Prime Minister, the Most Hon. Andrew Holness, is urging potential homeowners in the Rhyne Park Estate development in St. James not to engage in practices that will devalue their investment. He said that no structures should be erected or activities undertaken that are not in accordance with the purchase agreement. “Some people are going to want to set up shop....

Prime Minister Andrew Holness has declared that the Government is committed to solving the country’s housing and land settlement issues. Already, he says, the current Administration which he leads holds the strongest record in housing. The National Housing Trust is on track to build 22,000 homes by the end of this financial year, the most housing solutions built by a...

Prime Minister, the Most Hon. Andrew Holness, on Friday (Aug. 9), broke ground for the construction of 754 housing solutions at Rhyne Park Estate in Rose Hall, St. James. The $8.4 billion project is being undertaken by the Housing Agency of Jamaica (HAJ) under a joint venture partnership with the China-based Henan Fifth Construction Group Company Limited over a three-year...

Construction is to begin by December on 623 new solutions under the Shooter’s Hill Housing Development project in Portmore, St. Catherine at a cost of $7 billion. This is being facilitated through a joint venture agreement between the Housing Agency of Jamaica (HAJ) and Rite Solutions Development Company. Under the public-private partnership, affordable housing solutions, starting at $7.6 million, will...

Prime Minister, the Most Hon. Andrew Holness, on Friday (July 26), handed over 37 new housing solutions to beneficiaries of the Spanish Ridge housing scheme in St. Catherine. Spanish Ridge is a National Housing Trust (NHT) development located in the sub-urban community of Kitson Town and approximately eight kilometres north-west of Spanish Town. The solutions consist of 18 two-bedroom units...

Chief Executive Officer (CEO) for the Real Estate Board (REB), Sandra Garrick, says the entity is currently working on developing the regulations for the Timeshare Act, which was passed in 2014. Timeshare (sometimes called vacation ownership) relates to a property with a divided form of ownership or use rights. Noting that timeshare monitoring is the REB’s “newest responsibility”, Mrs. Garrick...

Chief Executive Officer of the Real Estate Board (REB), Sandra Garrick, is imploring dealers to file reports using the goAML software. The web-based reporting portal automates a number of the reports dealers are required to submit as part of international anti-money laundering/counterterrorism measures. It will facilitate speedier exchange of data between the Financial Investigations Division (FID) of the Ministry of...