DEVELOPMENTS which might have been put on hold in 2020 due to the spread of COVID-19 are now being brought forward for implementation.

Sandra Garrick, chief executive officer (CEO) of the Real Estate Board, indicates that as at June 30, 2021 registered new developments have climbed 17.2 per cent over 2020 and 19.75 per cent above 2019.

 

The number of development schemes registered from January 1, 2019 to June 30, 2019 was 52. For the similar period in 2020, 53 were registered. Comparably, the number of development schemes registered from January 1, 2021 to June 30, 2021 numbered 64.

 

Garrick told the Jamaica Observer’s Business Observer, “We have seen further increase in the number of registered developments, as pointed out in the data. We compared the registration year to date for 2020 to 2021.”

https://www.jamaicaobserver.com/business-observer/developers-unwrap-more-plans-in-2021-as-portfolio-diversification-drives-industry_225402?profile=1056