Development Report December 2006

The impact of the surge in development of residential condominium units has seen land prices increase by approximately 50%. Prices for new condominium schemes have softened due to the over supply as noted below.

Government Proposals
Southside 200 units
Wedco – Boaz Island 84 units
Wedco- Albert & Victoria Row 44 units
BHC Perimeter Lane, Pembroke 38 units
Rockaway 100 units
Sub Total366 units
Proposed