LUXURY LOCATIONS THE MAGAZINE: JULY 2014 TO JANUARY 2015 Monday 11th August 2014
Award-winning Luxury Locations realtors say they are looking forward to unveiling the first homes at Antigua’s hotly anticipated first mega resort next year. The Jolly Harbour-based firm has been named sales and marketing agents for the 1,600-acre Singulari development which will include hundreds of deluxe private residences, along with several hotels, plus commercial and entertainment components.
Groundbreaking on the mammoth US$1bn project in the north of the island is scheduled for this autumn with construction due to begin early next year. The first homes are set for completion in late 2015.
Luxury Locations – declared the region’s best real estate agency at November’s Overseas Property Professionals Awards for Excellence – first introduced developers from the Yida International Investment Group to the island in May 2013 and negotiated the deal with the land’s liquidators.
The agency’s CEO Sam Dyson said: “We believe Singulari will provide Antigua & Barbuda with a welcome economic boost and galvanise the destination as a tourism force to be reckoned with.”
Mr Dyson said he’d been impressed by the Chinese investors’ “vision for the country”. “Yida has a strong reputation internationally for environmental, corporate and social responsibility. We really liked their ethos and their commitment to making a positive contribution here in Antigua,” he added.
In June, lead investor Yida Zhang agreed to personally fund the tuition of more than 100 students who were unable to afford their fees at Christ the King High School in Old Parham Road.
Meanwhile, job fairs to hire hundreds of Antiguans to help build Singulari will be staged within weeks. Around 200 jobs will become available later this year when the land is prepared for development, and a further 800 next year when construction starts.
A Yida spokesman confirmed locals would be given first priority. “We will host sessions to educate the locals about the project and invite all of those interested to apply,” he said.
In addition to the employment opportunities, Singulari is being lauded as a major feather in the nation’s tourism cap and further proof of growing investor confidence in Antigua & Barbuda.
The spokesman continued: “Over the next 10 years, Yida Group and its global partners will create an additional US$2bn of gross domestic product and economic value to Antigua, including sales of real estate, creation of new industries and origination of foreign direct investment all across Antigua.”
Singulari is set to be the largest development of its kind in the Caribbean – 50 per cent bigger than the regionally-heralded Baha Mar resort being created in the Bahamas.
Spanning 900 acres of land in the north-east and 700 acres of tiny isles including Crump Island and Guiana Island, it will include multiple luxury hotels, private homes, a school, hospital, marinas, two signature golf courses, an entertainment district, horse racing track and the region’s biggest casino.
The mainland section will form the development’s central hub complete with nightlife and duty-free shopping facilities, a business district and light industrial area. Crump Island will see the construction of elegant hillside homes with private docks accessed by a fully-serviced mainland marina complex. And Guiana Island will be transformed into an exclusive Jumby Bay-style array of 80 to 100 luxury houses.
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