Construction
Building duty cuts roll on despite economic boom
(CNS): Government has confirmed that the 15% import duty concessions on building materials imported to Grand Cayman will continue next year, despite the current development boom and what the finance ministry called the “robust investments” in Cayman’s economy. The duty cut was originally implemented to encourage development during the recession, but according to the latest […]
Conference to ask if property boom can last
(CNS): The question of whether or not the local real estate boom of recent years is sustainable will be one of the main topics of discussion at the Cayman Islands Property and Construction Conference, to be held in March next year, hosted by the Cayman branch of RICS, the professional body of quantity surveyors. The issue […]
Hew heads to Bahamas to discuss planning resilience
(CNS): Planning and Infrastructure Minister Joey Hew is on his way to the Bahamas this week to join fellow planning ministers from around the region to discuss how resiliency and climate change issues are shaping regional policy making. The third Caribbean Infrastructure Forum (CARIF2018) opens on Tuesday at the Grand Hyatt Baha Mar resort, where the […]
Wall danger for condos as boardwalk narrows road
(CNS): The construction of two huge new houses on South Sound Road, opposite the new boardwalk, has left neighbouring residents at the Shore Club in fear of a major accident because the high wall built between them blocks the view for drivers turning into a now narrower road. With the $1.3 million boardwalk now close to completion, South Sound […]
New 10-storey 7MB project gets green light
(CNS): A new $177 million development proposal on one of the last vacant parcels on Seven Mile Beach not owned by the Dart group of companies was given the green light by the Central Planning Authority on Wednesday. Watermark is a ten-storey condo project with a commercial building across the road. As the plot is […]
Traffic, sewerage objections dismissed for WBR development
(CNS): Parkway residents rallied unsuccessfully in opposition to plans for a new property development by local entrepreneur Stefan Baraud at the front of their neighbourhood on the West Bay Road, which was approved by the Central Planning Authority last week. The proposed development of 17 two-storey, three-bedroom townhouses was redrawn by Baraud after residents indicated […]
