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 […]
Kingston Properties buys Cayman complex for US$10.7 million
Kingston Properties Limited (KPREIT) has acquired Harbour Centre, a multi-story office building in the Cayman Islands, it’s third acquisition in the British overseas territory since January 2017. The property was acquired for a consideration of approximately US$10.7 million, making it the single largest acquisition by KPREIT in its 12-year history. Based in Grand Cayman, Harbour […]
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 […]
Orlando Home Sales Spike in June as COVID-19 Pandemic Continues
According to the Orlando Regional Realtor Association, Central Florida home sales skyrocketed in June 2020, up nearly 46% from May. The number of homes for sale continues to be an issue, as June inventory experienced a decline of 19% when compared to June of 2019. “Despite the ongoing pandemic, there is still strong demand from […]
KPREIT will continue to boost cash holdings amid COVID-19
Kingston Properties Limited (KPREIT) says it expects varied recovery responses in its main markets of Jamaica, the Cayman Islands and the US during the coronavirus (COVID-19) pandemic. Overall, the company is expecting a prolonged period of low interest rates globally, as many economies struggle to recover from containment measures such as lockdowns, curfews and travel […]
Message from the CEO of Kingston Properties Limited
Dear Stakeholders, We have been keenly following the latest developments with the new Coronavirus disease (COVID-19) both from the Ministry of Health and Wellness in Jamaica and the World Health Organization (WHO). For the last several weeks, we have been taking steps at our properties to safeguard and protect our stakeholders by not only providing […]
