6 June 2014
Our round-up of all the latest developments and the coolest places to live in the Caribbean sunshine.
Grenada
The Caribbean island of Grenada is set to become the latest territory to off er residency through the revival of a Citizenship by Investment programme.
Already successfully adopted by nearby islands St Kitts and Dominica, this strategy will undoubtedly vastly increase popularity and levels of interest in the island off ering property investors rights of citizenship along with the associated visa free travel benefits.
Ray Withers, CEO of multi award-winning international investment agency, Property Frontiers, comments, “We have long been believers in the Grenada market which has performed well over recent years and continues to outpace its Caribbean rivals. However, the government recently announced a policy that is expected to drive unprecedented levels of growth - Citizenship by Investment.
Property Frontiers is selling luxury villas at Bacolet Bay Beach Resort, Grenada. Bacolet Bay Grenada is a hotel and spa resort designed to meet the island’s need for high quality rooms and private accommodation. Each property has substantial indoor / outdoor living areas and its’ own private plunge pool. Amenities include hotel concierge, food and beverage and spa services, property and rental management and security.
Only a small number of villas remain in the very best locations on the resort. South and south-west facing with panoramic sea views or waterfront access, they benefi t from all day sunshine, cooling breezes and classic Caribbean sunsets.
With prices starting from for a Hotel Cottage at US$477,750 or a one bed villa from US$750,750 and a two bed villa is US$1,365,000.
Bahamas
BAHA Mar, the $US 3.5 billion resort development on The Bahamian Riviera has announced the launch of exclusive programmes off ering property purchasers prestigious memberships and fi nancial benefits. The series of three offers available for a limited time only has been formed with the global buyer in mind, providing a leaseback return guarantee, economic citizenship option and the opportunity to become a founding member at the Bahamar resort.
Baha Mar will boast a total of 2,200 rooms across four new hotel brands including Rosewood Hotels & Resorts, Mondrian a Morgans Hotel group property, Hyatt Hotels and resorts and the Baha Mar casino & Hotel Residences are available to purchase at the resort with prices starting from $US 1.5 million.
Three luxury three-bedroom residences designed by the acclaimed Benjamin Noriega-Oritz have been released at Baha Mar. The designer was commissioned by Morgans Hotel Group to create its exclusive offering at Mondrian.
Barbados
There is a last opportunity to purchase a completed semi-detached, four bedroom town house style villa on Sugar Cane Ridge on the exclusive Royal Westmoreland estate in Barbados. The other nine properties in the phase have all been sold over the last eighteen months for prices between US$1.25 million and US$1.59 million.
The villa makes an ideal buy-to let residence due to its close proximity to the estate’s extensive amenities including the first tee of its championship golf course, the golf Club House, practice area, Tennis Garden and the Sanctuary pool and gym Featuring a contemporary interior with an ‘upside down’ design to maximize the panoramic views and cooling breezes, the living and dining areas are situated on the first floor. Large French doors open up the elegant open plan lounge to a covered south facing terrace where the scents of the tropics, and glorious views of the sea, can be enjoyed to the full.
A ground floor master suite with luxury en-suite bathroom boasts a large sitting area, opening to the garden and patio whilst the two ground floor guest rooms link to a generous family bathroom suite. A fourth en-suite master guest bedroom of equally generous proportions is provided on the mezzanine floor. Th e luxurious kitchen features Miele appliances throughout. A duty free furniture package is available from US supplier Esprit Decor, which makes for easy furnishing of the home for overseas owners.
St kitts
Park Hyatt – Groundbreaking on the Park Hyatt hotel at Banana Bay, Christophe Harbour, took place earlier this year. The final project will feature 200 hotel rooms and 50 branded residential condominiums. Phase One of construction has begun and will include the completion of 125 hotel guest rooms, two food and beverage outlets, a fitness center, a 12-treatment room spa and more than 7,000 square feet of meeting and banquet space. The second phase of construction will include the completion of the 75 remaining guest rooms and a third food and beverage outlet. The hotel is scheduled to open in the winter of 2014/2015.
Kittitian Hill – The name of the 84-unit cottage hotel has been announced as ‘Belle Mont Farm,’ the residence area villas will be known as ‘YaYa Groves,’ and the 18-hole championship golf course ‘Irie Fields.’ Together they will comprise the Phase One opening that will take place at the end of 2013. Kittitian Hill has also announced that it has acquired the Golden Lemon Inn and commenced redevelopment of this historic property located on the northern coast of St. Kitts at Dieppe Bay.
