News South America Jamaican investments soars with Can Cara developments Jamaican investments soars with Can Cara developments |
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| Saturday, 15 March 2008 | |
 Jamaican investments soars Development company Can Cara has announced a huge housing project to begin in St James. Can Cara Development Company has announced a large scale housing development project in St. James, Jamaica. The development will be a large 800 unit housing project and will allow an investment of some US $4 billion into the country. The Meadows of Irwin, as it is called, will be developed over four phases with the first starting Friday. Irwin is a dormitory style community. The property development will include a number of different styled homes and amenities. As reported by the Jamaica Gleaner News, Joseph Lincoln who is Can Cara's chairman and CEO, said, "It will be an integrated development featuring gated and non-gated phases." The area will also see the development of the University of the West Indies. According to reports, this is just the start of the Can Cara Development Company's plans. The organisation is likely to expand for the next ten to fifteen years and will provide some 4,000 housing units throughout the Montego Bay area. Property prices in the Meadow of Irwin will include two, three and four bedroom units and will start as low as US $5.76 million up to US $30 million. Jamaica has been touted for its cultural living and many second home buyers have targeted the area. The country continues to grow and market itself as a tourism destination and has no fears of a turndown in that industry. This story relates to: [SEE ALL] BOOKMARK THIS PAGE (What is this?) |
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