Seriously consider stocks and real estate, says asset manager

To reap attractive returns on investments that are in line with or above inflation, investors need to seriously consider investing in stocks and real estate, given the current market conditions, Hugh Miller, head of asset management at JN Fund Managers, has advised. He said exposure to these asset classes is easily provided through mutual funds. […]

Kingston Properties Limited (KPREIT) – Board Resignation

Kingston Properties Limited (KPREIT) has advised that Mrs Meghon Miller-Brown has resigned as a member of the Board and the Audit Committee of the Company, with effect from September 1, 2020. “KPREIT thanks Mrs. Miller Brown for her invaluable contribution to the Board and the Audit Committee and wishes her all the very best. Mrs. […]

Experts: Buyers likely to get good real estate deals amid COVID-19

“There has never been a better time in the recent history of real estate (in Jamaica) that so many factors are in favour of the buyer, said Jerome Jarrett, client partnership manager at JMMB Bank. He is urging persons in the market to purchase residential properties to take advantage of the opportunities that may arise, […]

Kingston Properties Wedded To US Market, But Switching Tactics

Kingston Properties Limited expects buying opportunities to emerge from the real estate market in the United States, arising from the fallout in that economy. But the real estate investment trust which trades on the stock market as KPREIT is on the lookout for investments that will give it bigger returns than its current crop of […]

Developer seeks to ‘wake up’ Clarendon with Glenmuir Country Club

The National Housing Trust (NHT) indicates that it is working on housing developments with varying solutions slated for Clarendon. Among them are Hummingbird Meadows, Longville Phase Four and Moneymusk Glades. Vernamfield has also been touted as another area of development by the government. It has been widely believed that the parish is best suited for […]

Realtors give advice on timing real estate buys

The current economic crisis triggered by the coronavirus pandemic may present opportunities for new home buyers, according to CEO of Better Homes and Gardens Jamaica, Edwin Wint. “Every crisis creates opportunities and there are good opportunities in the market for people to buy real estate now, despite the pandemic,” he said. Wint noted, however, that […]

Wealthy Americans are flocking to this Caribbean nation to buy luxury real estate

The coronavirus pandemic chilled real estate markets across the U.S., but it didn’t stop the surging demand for property in Turks and Caicos. As real estate elsewhere has dropped, the Caribbean nation has seen records broken despite the global pandemic, according to Mauricio Umansky, founder and CEO of real estate firm The Agency. “We have definitely seen some extraordinary prices,” he told […]

Returning Residents Enter Real Estate Market With St Mary Project

BEVERLY SALU grew up in the taxi business. Her late mother, Icolyn Chung, owned and operated Yellow and Checker Cabs, two of the earliest taxi businesses in Jamaica. In the 1990s, Salu and her Nigeria-born husband Yomi Salu operated their own taxi business in Kingston before migrating in 2003 to the United States, where they invested […]

Turks and Caicos Has a Roaring Real Estate Market

The real estate market in Turks and Caicos is seeing record-breaking performance, according to the newest report from Turks and Caicos Sotheby’s International Realty. Indeed, Turks and Caicos real estate hit a record $334.7 million in sales volume in 2019, according to the report, itself an increase of almost $76 million compared to 2018. The […]

Kingston Properties Limited offers rights issue for expansion

Kingston Properties Limited will seek to improve and expand its Caribbean and North American real estate holdings with the funds raised from the rights issue beginning November 18. The real estate company is chaired by Garry Sinclair and led by CEO Kevin Richards. “We have been geographically diversifying into growing economies, which continues to pay […]