Monday, November 18, 2019

Invest Saint Lucia To Develop Lands On East Cost

Press Release:-  At its January press conference, Invest Saint Lucia (ISL) announced plans to develop a number of residential areas including approximately 11 acres of land in Beauchamp, Micoud and approximately 5 acres in Bois Jolie, Dennery.

According to Chief Executive Officer, Roderick Cherry, the Beauchamp and Bois Jolie developments are part of an overall development plan being conceptualized for lands vested in ISL.

“ISL has always made it a priority to focus on the development of residential properties and more so this year, as we wind down the rationalization of lands in Vieux-Fort North and Dennery.

Aside from the 59 lots in Beauchamp, ISL will also be looking to develop at least 25 lots in Bois Jolie.”

Lots in the aforementioned areas have been designated mixed use, which is a combination of residential and commercial. The lots range from 4000 square feet to as large as 12,000 square feet and will be made available to residents of the respective communities at reasonable rates.

According to David Desir, Lands Administrative Manager at ISL, the proposal has been submitted to the Development Control Authority (DCA) for approval.

“Following the DCA’s approval, ISL will have the contractors proceed with the various infrastructural works which should be carried out over a 3-month period. Given all of this, the lots should be demarcated and ready for sale by the last quarter of this year,” he explained.

The CEO noted that at least 600 new land owners will result from these residential projects coming to fruition.

“When we began the land rationalization project in the areas of Dennery and Vieux-Fort North last year, our long-term plan was always to continue with this process in the other areas where unplanned developments currently exist. This notwithstanding, we are of the view that if we can provide legitimate parcels of land for sale to residents in areas that are

presently undeveloped, then we can circumvent the need to undertake rationalization projects in the future,” he added.

Invest Saint Lucia will continue to keep the public abreast of these land developments as they are realized.

7 COMMENTS

  1. All this is fine this is what thousands are expecting,all these young couples that are looking for a way to obtain their own land and house,at an afordable price.The afordable price that is the issue.At this moment with the average salaries that are being paid in St Lucia,Vey few would be able to qualify for a bank loan.We are better than many islands,but we still have to correct our political issues.Our minimal wages and salaries are political,and this is a hurdle that to many dont want to tackle.Maybe some day,we will bury the last vestiges of slavery.But dont discourage keep going many need it.

  2. Are we going to get it at .99 cents a sq ft? Treat us similar to Theo ah King.
    We are waiting.

    • Just to inform you that there is a difference between “leasing” and “buying” and remember that at all-time.

  3. It is very exciting to hear of the impending development of some residential areas, to include Beauchamp , Micoyd and Dennery. What are the plans for the roads in Marigot Bay that leads to the Villas in that are. Marigot is very commercialized, attracts a lot of visitors to the island. The roads badly need improvement.

  4. 99cents a Square foot is too Much for The low Class it must be Between 20 to 40 Cents a Square foot .Then qe can say the Government looking foward to assist poor Residents

Comments are closed.

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