Slow sales of residences in the latest housing development done by the Jamaican Teas group has left the company ruing the opportunity cost of tying up valuable funds in real estate when it could be making money otherwise.
The company said over the past nine months to June, it began the process of exiting its real estate activities.
Of the 30 units in the Belvedere that came to market last December, Jamaican Teas has so far sold only eight, each priced within the $28 million to $30 million, the so-called “sweet spot”.
https://jamaica-gleaner.com/article/...ng-real-estate
The company said over the past nine months to June, it began the process of exiting its real estate activities.
Of the 30 units in the Belvedere that came to market last December, Jamaican Teas has so far sold only eight, each priced within the $28 million to $30 million, the so-called “sweet spot”.
https://jamaica-gleaner.com/article/...ng-real-estate
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