Print

Trinidad property launch

Catherine Deshayes

Property Frontiers are pleased to launch the Renaissance at Shorelands, a development of extremely spacious and luxurious residences based on the waterfront in Port of Spain, Trinidad...

Trinidad's wealth of natural resources has generated huge investment in the island and has seen the country's economy rapidly grow and the GDP double since 2001.

Trinidad is now the world's largest supplier of ammonia and methanol and the 5th largest supplier of Liquified Natural Gas supplying 70 per cent of the USA's LNG requirement. Its energy sector is making the country one of the wealthiest in the Caribbean.

The Renaissance will offer contemporary living space with each residence offering the highest standards of fixtures and fittings, large terrace areas and luxurious en-suite bathrooms.

It is also conveniently located 15 minutes from downtown Port of Spain, 20 minutes from Trinidad's championship golf course and very close to schools, places of worship, supermarkets, pharmacies and shopping centres.

Incorporating the highest standards of design, facilities and services, Renaissance will surpass any development currently in Trinidad and will be in strong demand from the executives working for the ever expanding oil and gas companies arriving in the area.

Evidence of this is in the fact that the building is already 75 per cent sold, construction is well underway and the building has received lots of publicity locally.

Eighty-five per cent of current buyers are intending to be owner-occupiers, ensuring those few residences that are placed in the rental market are highly desirable.

The developer is anticipating a six per cent yield in the first year, with rentals increasing around five to eight per cent annually - equating to a gross income upwards from £60,000 per year.

Source: www.propertyfrontiers.co.uk