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The shock announcement that residential units have been yanked from the J$7-billion, multistorey luxury Residences at Terra Nova has left stakeholders puzzled, with the lead realtor on the project insisting that he had bankable offers on half of.
https://jamaica-gleaner.com/article/...rtments-market
https://www.pressreader.com/jamaica/...21031/textview
“Based on sudden and significant changes in market conditions, the mixed-use business model for the development – hotel and residential – is significantly less viable at this time," it says.
Depositors have reportedly been advised that all down payments made would be refunded in full during the week beginning November 1, 2022.
https://jamaica-gleaner.com/article/...ces-terra-nova
https://jamaica-gleaner.com/article/...rtments-market
https://www.pressreader.com/jamaica/...21031/textview
“Based on sudden and significant changes in market conditions, the mixed-use business model for the development – hotel and residential – is significantly less viable at this time," it says.
Depositors have reportedly been advised that all down payments made would be refunded in full during the week beginning November 1, 2022.
https://jamaica-gleaner.com/article/...ces-terra-nova
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