I N V E S T I N G I N REAL ESTATE
An imminent revolution in real estate development will change St Kitts forever. The author examines the plans that have so far been put forward and cannot but conclude that the results will place St Kitts at the very top of the Caribbean real estate ladder.
In the northern part of the island there is an equally interesting development also of substantial proportion, 390 acres. Here the landscape is so different from the south, with tropical rain forest tumbling down through verdant pasture and plantations to the Atlantic side of the island. There are views to our neighboring islands of Statia , Saba, St Barts and St. Maarten.
At Kittitian Heights at Whitegate, on the North West of the island there is rising a most interesting and charming integrated resort nestling beneath the fatherly eye of Mount Liamuiga and above the village of St Paul’s. The key theme here will be environmental and cultural integration. It is
expected that Kittitian heights will serve as a defining model for Caribbean resort development.
The architecture will reflect the Caribbean ambience, respecting the breezes and the lush and lovely landscape. There will be a mixed-use development with an Artists village, a place where Kittitians, guests, artists and writers can interact within the context of a Caribbean village setting. There will be an amphitheatre for the performing arts that
will figure as a venue for an annual film festival. Together these two places will become a creative hub within the resort. To complete this creative centre there will also be a state of the art post-production film studio an internationally acclaimed firm will manage.
There will be a boutique hotel that will be made up of a series of Kittitian cottages with the reception and public areas, restaurants etc. located centrally in the artists’ village. This
integrated village will be a unique development giving artists and tourists alike the opportunity to experience the creative dynamism and camaraderie that is truly Kittitian.
As well as a luxury destination spa, there will a number of residential property options. There one can purchase a luxury villa in substantial plots of between half and one acre.
The villa design will reflect the vernacular architecture of St Kitts with its cool pitched roofs and shaded verandahs. There will be precise design guidelines.
Alternatively one might like to live on the St Christopher’s estate centered in the heart of the new 18 hole Ian Woosnam signature golf course. Here one can choose among spacious townhouses and condominiums. Facilities will also include a lagoon style swimming pool, restaurants bar and bistro. The golf club will have all the traditional country club attributes including a golf academy, and tennis courts.
Belmont Village will be situated on a promontory above the golf course and will have panoramic views of Mount Liamuigua and the surrounding lush foothills tumbling down
to the turquoise sea. The development here will be mainly duplex townhouses and apartments and will have its own tennis center and swimming pool complex.
To complete the development there will be Willet’s Bluff, a dramatically set series of stepped condominium apartments interspersed with infinity edged pools and decks.
These two developments; the Southeast Peninsula and Kittitian Heights, both very different, are exciting realities set to unfold in the immediate
future in St Kitts. They are far from the only developments; there are many others.
Another exciting development on the St. Kitts’ southeast Peninsula will be The Estates at Sundance Ridge, a private, gated development 500 feet
above the blue waters of the Caribbean. 15 upscale villas, each with private pool, are planned on expansive lots. Villas are designed for the best in island living and take advantage of spectacular views.
At Cable Bay, closer to the capital city of Basseterre and the airport, is Ocean’s Edge, a stunning 300-rooms, 5-star resort on 39 acres near Frigate Bay.
Roadways have been laid out, designs completed, and construction has started. The project will feature hotel suites, garden cottages, hillside townhouses and villa plots, all of them with ocean views. Many of the units are already pre-sold. Newfound Developers Group of
Companies, international resort developers based in Canada and headed by business entrepreneur Brian Dobbin, whose work has achieved recognition and numerous awards, are the geniuses behind this development.
Oceans Edge will emphasize space and comfort, blending a luxurious colonial Caribbean theme with state-ofthe- art kitchens and bathrooms and beautiful wood finishes. Newfound's
philosophy is to leave their buyers and visitors refreshed, energized and happily excited. There will be no shortage of things to do and ways to unwind at Ocean’s Edge.
There are so many good locations for real estate development in St. Kitts and they attract people for different reasons: the locally developed Milliken Estates is nearly sold out. The people who bought and live there love it because of the rain forest, the spectacular views and Mt. Liamuiga as a backdrop. The same is true of Rawlins Plantation Inn, where the new
proprietors are selling 81 two-bedroom, 1,270 sq ft ‘colonial style’ cottages in the
90-acre grounds. Some of these have already been sold to British investors.
Other developments include Sunrise Hill Villas with delightful views overlooking Half Moon Bay, the golf course and the Atlantic Ocean. This is another prime development reflecting
unique designs forCaribbean living. These architectural designs really reflect the Kittitian idiom coupled with modern cool and practical layouts Alternatively, Calypso Bay Resorts
located on the South Western end of Frigate bay, overlooks the Caribbean Sea. This westerly aspect gives the residents a daily spectacular as the sunsets or fabulous vistas over the South East peninsula and onward to Nevis.
Perched on 14 acres of beautifully landscaped hillside the villas are available in two and three bedroom options and are all freehold title. This development has been a huge success
so hurry if you want to get one of the last remaining units.
The reassuring thing is that the quality of development and the responsible controls set by St. Kitts’s government mean that this gem of an island has every chance of becoming
one of the most desirable real estate locations in the world.
Let’s not kid ourselves, no matter how smart the Government or the developers, it was the Almighty who made the beauty that is St.Kitts. It is comforting to see that those developers
and planners involved seem to know that their task is an extraordinary one, and they seem, at least to the author, to be up to the challenge.
Real Estate in Nevis
For many reasons, the real estate market on Nevis is in full bloom. Many developments are
underway; others are planned on paper, and ground breakings, like spring flowers, will soon begin to pop up all over the island.
The lure of Nevis is clear: peaceful, quiet, safe, and most of all, beautiful. It seems that the time is right for Nevis. This stable, tropical island has so much to offer the first, second, and even thirdhome buyer that many people have decided to call it home either full time or part of the year. With its quiet lifestyle and intrinsic beauty, Nevis has become the choice for many from the U.S., Canada, and countries in Europe. The island is ripe for development with many acres of vacant land, beautiful scenery, and economic benefits for landowners.
Throughout the island, small developments are cropping up and individual villas continue to be built. In addition, there are dozens of well-built older homes that are resales throughout the island.
And at present, there are a handful of condominium projects underway—a relatively new form of ownership on Nevis.
Along the west coast beach, the Condos at Nelson’s Spring is a partially completed development by local contractor Deon Daniel. The two and three-bedroom oceanfront condominiums will include a large pool and a spa for the guests. Shops and a restaurant have been completed across the main road to serve the community and the island.
Many individual villas have been built at Cliffdwellers, and 16 more are underway
named The Beach Houses at Cliffdwellers. These will surround a newly reconstructed large pool that for many years has been a hallmark of the property. The development will include a restaurant, three shops, plus a tennis court, fitness centre, and a boathouse on the waterfront.
The project at Hamilton continues with the building of 88 condominiums, and 21 villa lots. Carino Nevis Ltd, a Norwegian company, is the force behind it.
At Four Seasons Resort Estates, the sales in the newest neighbourhood, Clarke’s Estate, just south of Sunset Hill, has been launched, and nine new lots are available. Meanwhile, sales continue at Stewarts Estate, while sales at Palm Grove are completed and the 36 homes there are nearing completion.
On the East side of Four Seasons Resort Estates is Pinney's Estate, now owned by the Newfound Group. The plan for the project envisages a 150 room luxury hotel and
villas all with outstanding sea views, including a spa and wellness facility, tennis courts,
restaurants, shops, pools, water sports facilities and all the amenities of a five star luxury
resort. Site work is expected to begin in summer of 2007.
Individual custom homes are being built in Jones Estate, particularly at Red Hawk
Ridge, and the building boom continues in Fern Hill Estates, another Deon Daniel
development, made up of homes on half-acre and one-acre wooded lots near the rain
Buying real estate on Nevis is quite easy. Purchasers who are not from the Federation must apply for an Alien Landholders License from the government for permission to buy. The cost of the license, once approved, is 10 percent of the purchase price. For certain developments, the licenses have been waived.
Processing the application takes about 30 to 90 days. The license fee is levied on the whole property if the house is already built. However, if the buyers are purchasing land, the license fee is based on the price of the land only. But once the home is purchased, the annual real estate property taxes are relatively low.
By purchasing property, owners can become eligible for the Federation’s Citizenship by
Investment Program, provided for in the Citizenship Act 1984. Economic citizenship is available through a program to those who spend at least $250,000 on a property that is pre-approved for citizenship. The registration fees applicable for citizenship are $35,000 US for the head of household; $15,000 US for either spouse, and $15,000 US for each child under 18. On Nevis, there are seven projects that are preapproved for citizenship: Mount
Nevis Hotel Condominiums, Cliffdwellers, Jones Estate and Red Hawk Ridge, Condos at Nelson Spring, Fern Hill Estates, Four Seasons Resort Estates, and The Hermitage Plantation Inn Villas and Estates.
Owning a home on the island is relative easy as well. Many homeowners decide to rent out
their homes for vacationers, to help defray the costs of owning a home. Homeowners often hire local property managers to pay bills, oversee maintenance, and welcome renters to the house. Other costs would include utilities, gardeners, housekeepers, and annual taxes,
which are generally low.