Hundreds to benefit from significantly reduced land prices across St. Kitts and Nevis
BASSETERRE, St. Kitts, July 3, 2019 (Press Unit in the Office of the Prime Minister) –
More than two hundred persons are set to benefit from the special cost cutting initiative introduced by the Government of St. Kitts and Nevis, whereby the costs for commercial and industrial lands in twelve different locations across St. Kitts and Nevis has been significantly reduced.
The special land prices, which has been reduced from $7 to $4.50, forms part of the Team Unity Government’s goal of encouraging real property ownership in the country. The cost saving initiative will also assist persons to more quickly complete their purchase.
While making the announcement, Prime Minister Dr. the Honourable Timothy Harris said this decision will, in effect, help citizens and residents move from lessees to land owners.
“This is a significant effort by the Government to empower people; to give you a chance at ownership. This is history making because before our time land was in the possession of a privileged few,” the prime minister said during his Tuesday, July 02 press conference.
The honourable prime minister added that this programme will further encourage socio-economic activity throughout the length and breadth of the country.
“In this particular case, we are trying as it were to decentralize economic activity all around St. Kitts and Nevis, so you don’t have to come to Basseterre or close to Basseterre for everything. So, Tabernacle can have something going there or Cayon or St. Peter’s and so this is an important programme,” Dr. Harris said.
The twelve identified locations for this cost saving initiative by the Government are Canada Industrial Development, Cunningham Industrial Estate, Cayon Commercial and Institutional, Lemon Hill Commercial and Industrial, Tabernacle Commercial and Industrial, Shadwell Industrial Estate, Pine Garden Commercial, St. Peters Commercial and Institutional, St. Paul’s Commercial, High Point Commercial and Institutional, Farms Industrial and New Guinea Industrial.
The special discounted price offer for these commercial and industrial lands will last for a 12 month period.