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Sagicor Bank Ordered To Absorb Loss For Selling Property Below Market

May 2, 2018
  The Supreme Court has ordered Sagicor Bank Jamaica Limited to absorb the losses on outstanding debt owed by a Montego Bay couple, whose home it took over and sold below market value. Although at least one offer of US$1.15 million was made for the property known as The Lagoons - a price that Chief Justice Bryan Sykes found would have satisfied the...
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Letter Of The Day | Land Tax Relief Board Is In Place

April 16, 2018
 THE EDITOR, Sir: In response to the Gleaner editorial published Thursday, April 12, 2018, titled 'Shaw must ensure relief for farmlands', it inaccurately stated that "the review and advisory board has not operated for more than a year ..." and that ... "a new Land Tax Relief Board be urgently appointed". Please be advised that the Land Taxation...
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Valuation Of $9b Hodges Property Explained

April 13, 2018
 The 1,000-acre Hodges property placed on the market for nearly $9 billion is being sold through a company called Malcolm Bay Limited. A representative of the family, who volunteered the information, said the owner - whom she did not name but Companies Office records identify as St Elizabeth businessman Austin Levy - has placed the property on the...
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Land Rush - PM Promises 20,000 Titles Over Next Three Years

March 21, 2018
  Prime Minister Andrew Holness.   Charging that the People's National Party (PNP) has been tinkering with land titling for years, Prime Minister Andrew Holness said his administration was far down the track in putting in place plans to register thousands of acres of land. In his contribution to the Budget Debate in Parliament yesterday, the prime...
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Blockchain can cut mortgage approval times

March 14, 2018
  President of the REALTORS® Association of Jamaica (RAJ), Howard Johnson Jr (centre) address concerns of the real estate industry with RAJ Manager, Irene Ming-Hughes (left); Head of Mortgage Sales at JN Bank, Petal James (second left) and Steve Distant, Chief of Retail Sales at JN Bank. Johnson says it is time for stakeholders in the housing sector...
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