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Tax Tightrope - Owners May Be Forced To Sell Some Properties In Balancing Act To Manage Obligations,

March 30, 2017
  While some real estate owners will be marginally affected by the amendments to property tax rates and Government's revaluation of land, others may be forced to sell their holdings in order to manage their tax obligation, given the massive increases they are now facing, says Realtors Association of Jamaica President Edwin Wint. "An increase in property...
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King's House Foundation Continues To Lobby For Real Estate Project

November 9, 2016
  King's House, the governor general's residence, sits on a 100-acre property in Kingston. The King's House Foundation wants to develop residential homes on 10 acres as a source of income. King's House Foundation is hoping the development of town houses on 10 acres of crown lands will come to fruition under the Holness administration. The matter...
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Proceeds of Crime Act Amended

November 9, 2016
  Minister of National Security Robert Montague speaking at the Seventh-day Adventist Church Leadership Conference in Montego Bay on Sunday. (Photo: Philp Lemonte)   KINGSTON, Jamaica (JIS) – The House of Representatives on Tuesday approved amendments to the Proceeds of Crime Act (POCA) to correct a referencing error in the legislation. The...
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Gov't looking at measures to make home ownership easier

October 13, 2016
    Prime Minister Andrew Holness addresses the Realtors Association of Jamaica's annual symposium at Spanish Court Hotel in New Kingston on October 12 KINGSTON, Jamaica (JIS) —     Prime Minister Andrew Holness says the Government is looking at a raft of measures to     improve the real estate market and make home ownership easier...
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Mortgage Mania - Secondary And Reverse Markets Being Considered For Jamaica

October 13, 2016
    Even as he seeks to proceed with caution with regard to policy changes being considered for the real estate industry, Prime Minister Andrew Holness is of the view that Jamaica is ripe for the introduction of a secondary-mortgage market and reverse mortgages. Speaking at the Annual Real Estate Symposium, hosted by the Realtors Association of Jamaica,...
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