WOW! WOW! WOW! Throp you really hit this one out of the ball park! Mr. Noel thank you for your informative, thought provoking commentary on the Kingston real estate boom. An excellent interview. Thank you!
Literally had to pause the video and said no this is one of the best interviews I've seen in a while and came to the comments section to see if anyone else feels the same way. Paused the video several other times visualizing how the waterfront/old buildings could be transformed to look like Miami Beach Ocean Boulevard with our own cultural touch of course. Thanks for this interview and respect to Noel for the knowledge.
We CANNOT simply wipe away our history by making new buildings. We should seek to restore them if possible. We need those thing as reminders to ourselves as well as the generation coming behind us. We must be careful in our doings. UAE is known for building building on sand. What did the Bible tell us about building a house on the sand? Jamaica is mostly water. Look at what they’ve done to Haiti? They removed all the trees and then came a massive earthquake that destroyed the island. We should pay close attention to these things. Plus, who will benefit from these so-called “new investments?” The people of Kamaica should be included in this massive growth. We should not allow these investors to make money then send it back to their countries. The infrastructure of the Island is paramount. Therefore, efforts and focus should be placed there.
Supply and demand. In the US lumber is much cheaper than brick, so to get a brick home for the same square footage price in Jamaica is great! Plus brick is much more longevity.
Yet houses in New York last for hundreds of years. The problem with Jamaican houses or maybe it’s Jamaican home owners is that there is little to no maintenance of their property. Few people ever renovate their homes after 40 years or so; they just leave it there and it got run down.
I always go to Gloria's on my visit. I was in JA for 7 weeks earlier this year. I told a friend JA investor is getting a high return on their investment. I read an article recently that UAE is going to be investing in Portland and St Thomas. They will be building luxury hotel and properties. I realized every where in Kingston I went every one building. The prices is becoming out of reach for a segment of the population. I always said we running out while others running in.
@@marciabuchanan-blair776 I’m glad you say “we” because most people think it’s only the government’s responsibility. The parents of these reprobate should be held accountable too, because some of them know their children are criminals, and is doing nothing, because they benefit from their criminality . God is going to show himself in Jamaica!!
There is a Kingston Masterplan and the interview site is part of it. It's broken down in sectors and this bit is the Kingston Harbour development. The Urban Development Corporation UDC is a good place to do some research as they are project managers. This Masterplan has been decades in the planning stages and is only recently coming to life. I think the Heroes Circle development is part of it? This I believe will be a real game changer for me downtown and midtown. The problem over the years has been lack of risk capital and political dedication. I also believe that Jamaica lacks skills and expertise in town planning and specifically regeneration. We should be encouraging those in the diaspora with the requisite knowledge to take consultancy roles with UDC.
A comment made again by someone with absolutely no knowledge on the topic and has scant respect for anyone who lives in Jamaica, so much so that you are willing to make bizarre generalizations based on zero-knowledge. Jamaica has town planners and the UDC doesn't need any diaspora help, they have all the professionals needed.
That's what I think about Portland. Somebody commented about UAE investing in Portland. Cho, the UAE love high rise and hype buildings. The natural beauty of Portland needs to be preserved. Its close to my heart so I'm concerned about too much development there.
@@2EKgn16 ✅💯 j feel as though we should begin to make loud noises as it pertains to these pressing issues. It seems the Government of Jamaica is not paying attention to what’s happening to our land. This is very serious, we cannot turn a blind eye to these issues. We MUST make our voices heard.
WOW sounds easy but it is not!. I am developing in Red Hills right not and it is hellish and slow dealing with all the rules that keep changing . Fire and water approval is a long process Trying to open a business account in Jamaica is like trying to get a Top Secret Security clearance. If you are going to do this bring a lot of patience and a lot of extra money LOL
The process is simple the execution can definitely be challenging. I have a long list of construction project experience as well as dealing with the 63, I believe, licensees and requirements needed to operate a hotel. Trust me when I say I feel your pain. But it's worth it at the end of the day. You hit it on the head, patience is the name of the game here
Throp , l really do enjoy this interview very much. I think they should build some Condos in Dancaster, Bourne Mouth Beach, Harbour View, and along the road leading to St. Thomas. Kingston waterfront is very beautiful , and needs some trees and flowers, and also some sailboats, and yatchs. They need to get the ferry that goes to Port Royal running. That area where the old wharf was needs fixing. Keep Up The Good Work. Blessings.
Great video Throp! Noel was very informative! I really enjoyed him talking about the opportunities to invest in Jamaica's real estate market! Thank you 😊
My Darlings Jamaica 🇯🇲 is one of the most beautiful countries (physical environs) I love my country dearly! Jamaicans are so gifted and ambitious HOWEVER THE UPWARD SPIRALING OF CRIME MUST BE ADDRESSED NOW!!!!#Lovesign #maranatha
I thoroughly enjoyed the interview the questions were quite good and the interviewee was quite knowledgeable and as for Gloria's seafood restaurant it is on my list of places to visit when I come to Jamaica excellent work Winthrop. Keep up the good work
Throp you ask all the right questions with this interview. This is the reason why if you're going to invest in a country, it's best to get the professional like Noel onboard as quickly as possible. The interview was really interesting. Throp you should've asked him why the government is not doing nothing to Spanish Town.
You did it again Throp and great show Mr Noel. This is a wake up call to people of Jamaican heritage especially, to get involved in buying Property or land. Things change quicker than you think. Good luck
@@phyllisthompson4207 you know how it works. As the roads get better, the land prices will rise and mostly gated communities will be developed. This is why you don’t hear much about people discussing living safely in Jamaica anymore like they used to talk and that’s because of gated communities.
@@andrewblake6324 Firstly, people are going to flack to where there’s infrastructure, because if there are already , roads , water and eletricticy, people are going to buy land, whether as individuals or for development. I was not referring to just developers, but also individual land owners as well. Land ownership rarely loses it’s value.. That said, gated community keeps no one safe, because people still have to leave their homes to go about their daily life/ business!! Safely affects us in all walk of life since a person could get hurt or worse in a bank, a supermarket or even on the job….So i dissagree with that part of your reasoning. A little 2 yr old boy is left without both his parents , because of the July 4th shooting in the US. Im sure that those people killed or injured, lived in safe communities. Yet they were killed for no reason, but for being out enjoying Independence day parade… Crime is not so much about where you resides, it’s more about what are we all going to do about that monster, not individually , but collectivily as a whole nation.. Some of the perpetrators of crime could be in our very household, how does a gated community prevent that?
Hey man thanks for these videos. I just found your videos and they're very informative. I'm Jamaican born but living in Canada and now looking to get a piece of the rock back home to call my own . Your videos have put me on the right path.
What about infrastructure: sidewalks, good roads, shopping (retail and grocery), entertainment near these developments? Are there any geared towards retirees?
That’s exactly what he’s saying. All the areas mentioned are getting new roads, they are always close to great amenities, but the road networks has improved tremendously! Washington Blvd and Constant Spring road is a good example.
Fear of missing out is never a good investment strategy. I have actually seen it be a signal that things are topping out. Please please please do your own due diligence before you invest in anything…….triple that effort when doing a foreign real estate purchase-- whether that is to be owner occupied or long/short term rental. Fomo (fear of missing out) if used by a seller or sellers agent is actually a red flag…..do your full research and take your time…..people stated this same claim in 2004-2006 in the states and took a tremendous hit financially. That might not be the case but don’t think you have to get in because everyone else is. Do your research and execute the best investment plan thinking of if things go slow down or cycles change. How many months vacant can the property be without it being a extreme burden. How much profit am I making vs just covering the mortgage. Treat this like a business and don’t let someone selling the product/service be your only source of information with such a long term investment. 🙏🏿
Don't listen to this person. Why are the Saudis and other countries investing in Jamaica? They know that Jamaica is in a region where many countries would like to be and see the potential of Jamaica. Jamaicans, please invest in your country or else you are going to lose out.
MDL foreigners have always invested in jamaica. What is good investing practices for conglomerates isn’t the same for individual investors. Which is why I stated don’t buy for the fear of missing or never having another chance to buy in jamaica. Do your full research and make sure that the investment provides you proper returns and u leverage your capital properly…..you couldn’t invest the same way as Digicel (Irish owned) or even JPS (80% majority owned by Korean conglomerates) - it’s not to say don’t but never use short term market sentiment for a long term investment. If you got it all lined up - invest invest invest ✊🏿✊🏿
@@rundatrack Don't get your logic. If so many overseas conglomerates own a piece of Jamaica why not Jamaicans? There will ALWAYS be demand for housing and land in Jamaica. So my advice to Jamaicans abroad is to BUY, BUY, BUY. Jamaica WILL be the next Singapore and investors are very aware of that fact, hence the reason for them to be gabbing up my land.
I agree in part but we can’t compare an island with a huge country like the U S, there is only so much property available. If you are thinking long term it’s best to get something near the coast; you will reap the benefit overtime.
Not many countries with such a high crime rate especially when they target retirees even children has killed retirees that's abnormal. There needs to be a national campaign to address crime. Not to criticize those who require safety.
@@siszie9540 Crime is everywhere love! Here in the US I am afraid whenever I step out, hope not to be shot by the police or a 7 years old kid on a rampage, even in the church you have to have one eye open and your finger on the safety.
Crime should not be accepted as a norm people make their country into what they want it to be, some people has been to over 100 burial for returnees I say 1 or 2 is too much let alone 100. There are certain countries where a jewellery shop door is open no security because the penalty for stealing is so serious let alone to take a life and many revere those countries why don't we make Jamaica like that others will envy us. But a lot of the times families are involved in the crime and they will not tell on each other.
This is such an excellent interview! Very engaging, well articulated commentary by this very knowledgable realtor! I am taking notes and creating an action plan. Blessings
Excelent interview this of to happened these investments will helps to killed criminality in these areas... I'm away seeing this but I'm estatic i don't have word's to explain my Joy, Motty Perkins of to be feeling good in his Grave right now, commercialized some areas and residential out some great go
Thanks for another informative video, really enjoyed listening to someone who’s very knowledgeable and patriotic about Jamaica. Gloria’s is one of my favorite places to eat, the scenery is breathtaking
I don't think we should compare the price of apartments in NYC to Kingston, for the simple reason that there are many Americans making millions of dollars in salary in NYC. How many jobs in Jamaica paying their citizens/residents hundreds of thousands usd each year? We need to ensure that Jamaicans living on the island have an opportunity to invest and reap the benefits of all the growth going on .
Thanks Thorpe. Very exciting and informative interview. Well executed. Just to add. There are governments that talk about doing things and then there is a government that get it done.
every 3rd world country WOKE UP. too bad their governments is still sleeping.. 🇱🇰 Sri Lanka is the titanic that hit the iceberg. '𝓃𝑜 𝓂𝒶𝓃 𝒾𝓈 𝒶𝓃 𝒾𝓈𝓁𝒶𝓃𝒹' that is a popular saying that implies only islands are 𝘀𝗲𝗹𝗳 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲. 𝘀𝗲𝗹𝗳 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 part is the politics that failed these land. Covid in its part did billions of people a solid favor.
@@cinnamonstar808 Third world but weathered the storm waaaay better than first world, with death etc.. Jamaica still has the best stock market in the world for 8 consecutive yrs, and has been seeing tremendous growth. God is in control, not man..
What is great about this interview? They never addressed the infrastructure in any meaningful way. Those served by the Mona storage constantly have water lockoffs. So is there going to be increased storage??? Currently traffic is a huge issue. Is that going to be addressed? How are millennials going afford these mortgages? What are the monthly maintenance costs going to be like?? I went to one on the waterfront and the monthly maintenance is likely to start at 98k.
@@faithlawrence8132 Well. They never stated everything was perfect and that they or the Jamaican government had everything figured out. Big things have small beginnings. Let's pray for our prime minister and the government that they will make good and righteous decisions regarding the good people of Jamaica and our beautiful island.
It makes sense if you are from NY and saw the change over the past 20-30yrs with gentrification and the real estate boom. Of course it won't be the same, but for buyers and developers it helps you see the vision and what could be in terms of profits and locations to invest into now.
Jamaica, like many other countries, has fallen victim to runaway appreciation. The great financial bubble is bursting and many of the people who overpaid for real estate will feel the pain when prices correct back to normal levels
The houses that are built currently in Jamaica are not for regular Jamaicans as its out of there pay grade. They are better off buying land then build or buy houses on the open market
Most people paid cash and intend to use it as a retirement home so it doesn't matter because they are purchasing in communities with like minded people. It's the big everlasting homes that will be affected. People don't want mcmansions anymore. They rather have multiple homes with at least 3 bedrooms. When people come to visit their friends stay in Airbnb close by and they meet up for entertainment. People not having guest rooms anymore. Their children will inherit those smaller homes as opposed to large homes.
I will echo it on every video, when discussing profit, please ensure you factor in inflation! The increases in price will reflect the depreciation of your purchasing power as well.
My sons are earning maybe £85,000,00&£75,000.00,pa, and they can't afford to buy, within their budget, can't find anything, not even in commuter towns, here people don't want to live in the city, that's why there are so many train stations so they commute and spend thousands on train tickets pa
isn't the prison use to be where the slaves were kept. That maybe the reason why it's on the waterfront. The slave ships came in the port and the slaves were stored there.
Please deal with the issue of crime it’s cannot be swept under the carpet as if it’s just another day . This scourge need to be dealt with before investing can be profitable
This is a valid concern. I'm not one to sweep it under the carpet but also I don't allow it to deter me from investing in my own country while my foreign counterparts invest at scale
I agree - development is great but you need affordable homes as well. Don’t gentrify the entire city to where people of all socioeconomic strata can’t live. The winners can’t only be people outside the country.
You can't have jail house on water fron when you can mek billions from it remove the prison and build luxury condos apartment... Wright to the government of Jamaica about it...
WOW! WOW! WOW! Throp you really hit this one out of the ball park! Mr. Noel thank you for your informative, thought provoking commentary on the Kingston real estate boom. An excellent interview. Thank you!
Msge me 🔝🔝..
Literally had to pause the video and said no this is one of the best interviews I've seen in a while and came to the comments section to see if anyone else feels the same way. Paused the video several other times visualizing how the waterfront/old buildings could be transformed to look like Miami Beach Ocean Boulevard with our own cultural touch of course. Thanks for this interview and respect to Noel for the knowledge.
Miami Beach is so overdeveloped with high rise condos, you have to hunt for public beach access!!!
I agree 💯👊🏾
We CANNOT simply wipe away our history by making new buildings. We should seek to restore them if possible. We need those thing as reminders to ourselves as well as the generation coming behind us. We must be careful in our doings. UAE is known for building building on sand. What did the Bible tell us about building a house on the sand? Jamaica is mostly water. Look at what they’ve done to Haiti? They removed all the trees and then came a massive earthquake that destroyed the island. We should pay close attention to these things. Plus, who will benefit from these so-called “new investments?” The people of Kamaica should be included in this massive growth. We should not allow these investors to make money then send it back to their countries. The infrastructure of the Island is paramount. Therefore, efforts and focus should be placed there.
Msge me 🔝🔝🔝.
The NY houses are made from stick drywall and brick. The Jamaican houses are solid concrete
Yep...better build in Jamaica
Supply and demand. In the US lumber is much cheaper than brick, so to get a brick home for the same square footage price in Jamaica is great! Plus brick is much more longevity.
Yet houses in New York last for hundreds of years. The problem with Jamaican houses or maybe it’s Jamaican home owners is that there is little to no maintenance of their property. Few people ever renovate their homes after 40 years or so; they just leave it there and it got run down.
@@donaldbarnett156, some of you just invent a ridiculous comment to seem relevant, that's just such a ridiculous generalization, it bordered on a lie.
@@diannetgoldingfrankson2105 speaking from my own experience and observations, look closer and you’ll see the truth.
We needed more green spaces around the corporate areas that's one problem I'm noticing in and around the City
Definitely need to plant more trees. Too much concrete
Green spaces are in the hills.
Green spaces are in the hills.
Msge me 🔝🔝🔝...
I always go to Gloria's on my visit. I was in JA for 7 weeks earlier this year. I told a friend JA investor is getting a high return on their investment. I read an article recently that UAE is going to be investing in Portland and St Thomas. They will be building luxury hotel and properties. I realized every where in Kingston I went every one building. The prices is becoming out of reach for a segment of the population. I always said we running out while others running in.
Oh I didn’t know about the UAE. Thanks for the heads up. You’re right, we really need to appreciate what we have. We’re sitting on gold as a country
Kingston does need hotels tho. There’s always a need for hotel in Kingston.
We have to clean up the crime in Jamaica as its really bad. Too many returning residents are being killed after they retire in Jamaica
@@marciabuchanan-blair776 I’m glad you say “we” because most people think it’s only the government’s responsibility. The parents of these reprobate should be held accountable too, because some of them know their children are criminals, and is doing nothing, because they benefit from their criminality . God is going to show himself in Jamaica!!
@@Throp Nearly 80 investors are in the island since yesterday. St. Thomas is being hailed as the new Negril
Restoration, restoring the building in Kingston would be awesome, so many beautiful building it be nice to see them restored
I agree! thanks for watching
Msge me 🔝🔝🔝...
Agree a 💯
There is a Kingston Masterplan and the interview site is part of it. It's broken down in sectors and this bit is the Kingston Harbour development. The Urban Development Corporation UDC is a good place to do some research as they are project managers. This Masterplan has been decades in the planning stages and is only recently coming to life. I think the Heroes Circle development is part of it? This I believe will be a real game changer for me downtown and midtown. The problem over the years has been lack of risk capital and political dedication. I also believe that Jamaica lacks skills and expertise in town planning and specifically regeneration. We should be encouraging those in the diaspora with the requisite knowledge to take consultancy roles with UDC.
I think this is why Mr Holness is planning on moving the Mandela Park, re do the entire Half Way Tree..
A comment made again by someone with absolutely no knowledge on the topic and has scant respect for anyone who lives in Jamaica, so much so that you are willing to make bizarre generalizations based on zero-knowledge. Jamaica has town planners and the UDC doesn't need any diaspora help, they have all the professionals needed.
@@diannetgoldingfrankson2105 Yes and many were trained locally in Jamaica and overseas.
Msge me 🔝🔝...
Havendale, 1994. No regrets!!
Msge me 🔝🔝🔝..
Thank you Throp for conducting this interview! Thanks to your informed guest!
Msge me 🔝🔝🔝..
The location you picked as a backdrop is perfect for so many reasons. Nice stealth marketing to frame the discussion
Msge me 🔝🔝🔝.
Please DO NOT damage the natural resource of Jamaica. Remember, it’s an island. Please protect our Island.
That's what I think about Portland. Somebody commented about UAE investing in Portland. Cho, the UAE love high rise and hype buildings. The natural beauty of Portland needs to be preserved. Its close to my heart so I'm concerned about too much development there.
@@2EKgn16 ✅💯 j feel as though we should begin to make loud noises as it pertains to these pressing issues. It seems the Government of Jamaica is not paying attention to what’s happening to our land. This is very serious, we cannot turn a blind eye to these issues. We MUST make our voices heard.
WHO IS THIS STATEMENT DIRECTED TO? JAMAICANS OR THE FORIEGNERS.....
@@susangordon3152 The Jamaican Govt would sell us too if they could. They don't care about us and don't care about the land.
Msge me 🔝🔝🔝...
WOW sounds easy but it is not!. I am developing in Red Hills right not and it is hellish and slow dealing with all the rules that keep changing . Fire and water approval is a long process Trying to open a business account in Jamaica is like trying to get a Top Secret Security clearance. If you are going to do this bring a lot of patience and a lot of extra money LOL
The process is simple the execution can definitely be challenging. I have a long list of construction project experience as well as dealing with the 63, I believe, licensees and requirements needed to operate a hotel. Trust me when I say I feel your pain. But it's worth it at the end of the day. You hit it on the head, patience is the name of the game here
@@Throp I am trying
Msge me 🔝🔝🔝...
Throp , l really do enjoy this interview very much. I think they should build some Condos in Dancaster, Bourne Mouth Beach, Harbour View, and along the road leading to St. Thomas. Kingston waterfront is very beautiful , and needs some trees and flowers, and also some sailboats, and yatchs. They need to get the ferry that goes to Port Royal running. That area where the old wharf was needs fixing. Keep Up The Good Work. Blessings.
thank you so much
Msge me 🔝🔝🔝..
That guys is telling true 👍 Kingston Jamaica is back
Msge me 🔝🔝.
Yeesss
This interview was a GEM 💎. Thank you Throp!
Msge me 🔝🔝..
Great video Throp! Noel was very informative! I really enjoyed him talking about the opportunities to invest in Jamaica's real estate market! Thank you 😊
Msge me 🔝🔝..
Another hit interview from Throp!....I am gonna tune in...
Msge me 🔝🔝🔝...
With the new highway all the way to Mandeville any land close to that route will be a good investment
I wish they put in a 🚅 new train lines...
The highway to Mandeville will be a game changer for Kingston high prices. Plus Mandeville have little or no getto and the best climate
Msge me 🔝🔝
My Darlings Jamaica 🇯🇲 is one of the most beautiful countries (physical environs) I love my country dearly! Jamaicans are so gifted and ambitious HOWEVER THE UPWARD SPIRALING OF CRIME MUST BE ADDRESSED NOW!!!!#Lovesign #maranatha
a valid concern. Thanks for your comment
Msge me 🔝🔝🔝...
Throp all ways love your show doing good job
Thank you so much. I’m excited about this one
Msge me 🔝🔝🔝..
I thoroughly enjoyed the interview the questions were quite good and the interviewee was quite knowledgeable and as for Gloria's seafood restaurant it is on my list of places to visit when I come to Jamaica excellent work Winthrop. Keep up the good work
Msge me 🔝🔝..
Throp you know the questions to ask, wow thank you all the way from Massachusetts USA! BTW nice view as well😁
Msge me 🔝🔝..
Excellent interview, I would never be able to find my way around now.
thanks so much
Msge me 🔝🔝🔝..
Throp you ask all the right questions with this interview. This is the reason why if you're going to invest in a country, it's best to get the professional like Noel onboard as quickly as possible.
The interview was really interesting. Throp you should've asked him why the government is not doing nothing to Spanish Town.
Thanks man. I will save that question for a future live stream with Noel
Msge me 🔝🔝🔝.
You did it again Throp and great show Mr Noel. This is a wake up call to people of Jamaican heritage especially, to get involved in buying Property or land. Things change quicker than you think. Good luck
And now that St Thomas is getting its highway and other infrastructure, people are moving out there too.
@@phyllisthompson4207 you know how it works. As the roads get better, the land prices will rise and mostly gated communities will be developed. This is why you don’t hear much about people discussing living safely in Jamaica anymore like they used to talk and that’s because of gated communities.
@@andrewblake6324 Firstly, people are going to flack to where there’s infrastructure, because if there are already , roads , water and eletricticy, people are going to buy land, whether as individuals or for development. I was not referring to just developers, but also individual land owners as well. Land ownership rarely loses it’s value.. That said, gated community keeps no one safe, because people still have to leave their homes to go about their daily life/ business!! Safely affects us in all walk of life since a person could get hurt or worse in a bank, a supermarket or even on the job….So i dissagree with that part of your reasoning. A little 2 yr old boy is left without both his parents , because of the July 4th shooting in the US. Im sure that those people killed or injured, lived in safe communities. Yet they were killed for no reason, but for being out enjoying Independence day parade… Crime is not so much about where you resides, it’s more about what are we all going to do about that monster, not individually , but collectivily as a whole nation.. Some of the perpetrators of crime could be in our very household, how does a gated community prevent that?
Thanks my man
Msge me 🔝🔝🔝
This was such an informative video!! Your guest was very knowledgeable and was very open with his information!! Excellent Excellent job!!
Thank you very much
Msge me 🔝🔝...
Thanks for this informative video Throp! Learned so much about developments in Jamaica.
You’re so welcome. Thanks for watching
Msge me 🔝🔝..
I was late to the live and I'm still LEARNING SO MUCH!!! 🙌🏾✍🏾📝
THANK YOU THROP! 🙏🏾
Msge me 🔝🔝🔝
Hey man thanks for these videos. I just found your videos and they're very informative. I'm Jamaican born but living in Canada and now looking to get a piece of the rock back home to call my own . Your videos have put me on the right path.
ah thanks som much for watching. I'm glad these videos have helped you out a bit
Msge me 🔝🔝🔝..
I could watch the birds dive in the water the whole day
We really got lucky with a beautiful day and a beautiful venue
Msge me 🔝🔝...
Great interview my dear friend ❤ 👍 🙏🏻
Msge me 🔝🔝
This was a very interesting interview. Thanks Throp! I learned a lot
Msge me 🔝🔝
Well, well very informative video, keep them coming Throp👏👏👏👏👏👏👏👏
Msge me 🔝🔝
Very interesting interview. The realtor is very knowledgeable. I forgot that Gloria's is now downtown. Haven't been to the Port Royal one in ages.
Such a good spot Gloria’s. Noel was certainly on point
I did! It's a gem!
Msge me 🔝🔝..
Yes, he does
I never have given up on Kingston even though family thinks I'm crazy
you can't go wrong with Kingston
Thanks for this program I am from Kingston and glad to see the comeback
Awesome. Thanks for watching
Msge me 🔝🔝🔝...
this is great information, I am looking for real estate is st Thomas,,, need to build my dream home at home!
Me too!
Msge me 🔝🔝🔝...
This was… very interesting!
Msge me 🔝🔝
Is this a rebroadcast? This is such a very engaging and insightful conversation. He’s given so information for us to think about.
Msge me 🔝🔝🔝
Invest back into Jamaica.
Yes!!!
Msge me 🔝🔝..
What about infrastructure: sidewalks, good roads, shopping (retail and grocery), entertainment near these developments? Are there any geared towards retirees?
That’s exactly what he’s saying. All the areas mentioned are getting new roads, they are always close to great amenities, but the road networks has improved tremendously! Washington Blvd and Constant Spring road is a good example.
Just a lot of talk We will see!
@@faithlawrence8132 Are you serious, . Maybe we’re talking about something totally different subject here !!
Msge me 🔝🔝
Fear of missing out is never a good investment strategy. I have actually seen it be a signal that things are topping out. Please please please do your own due diligence before you invest in anything…….triple that effort when doing a foreign real estate purchase-- whether that is to be owner occupied or long/short term rental. Fomo (fear of missing out) if used by a seller or sellers agent is actually a red flag…..do your full research and take your time…..people stated this same claim in 2004-2006 in the states and took a tremendous hit financially. That might not be the case but don’t think you have to get in because everyone else is. Do your research and execute the best investment plan thinking of if things go slow down or cycles change. How many months vacant can the property be without it being a extreme burden. How much profit am I making vs just covering the mortgage. Treat this like a business and don’t let someone selling the product/service be your only source of information with such a long term investment. 🙏🏿
Very good advise!!!
Don't listen to this person. Why are the Saudis and other countries investing in Jamaica? They know that Jamaica is in a region where many countries would like to be and see the potential of Jamaica. Jamaicans, please invest in your country or else you are going to lose out.
MDL foreigners have always invested in jamaica. What is good investing practices for conglomerates isn’t the same for individual investors. Which is why I stated don’t buy for the fear of missing or never having another chance to buy in jamaica. Do your full research and make sure that the investment provides you proper returns and u leverage your capital properly…..you couldn’t invest the same way as Digicel (Irish owned) or even JPS (80% majority owned by Korean conglomerates) - it’s not to say don’t but never use short term market sentiment for a long term investment. If you got it all lined up - invest invest invest ✊🏿✊🏿
@@rundatrack Don't get your logic. If so many overseas conglomerates own a piece of Jamaica why not Jamaicans? There will ALWAYS be demand for housing and land in Jamaica. So my advice to Jamaicans abroad is to BUY, BUY, BUY. Jamaica WILL be the next Singapore and investors are very aware of that fact, hence the reason for them to be gabbing up my land.
I agree in part but we can’t compare an island with a huge country like the U S, there is only so much property available. If you are thinking long term it’s best to get something near the coast; you will reap the benefit overtime.
Wow Throp!! This is an Awesome interview..Lots of valid points I've learnt..Great Job Mr Noel Phillips 👏🏾 ❤🇯🇲
thanks so much. I'm happy you enjoyed it
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Foreigners are seen the gold and platinum that Jamaica has to offer while Jamaicans are running away to places that they perceived to be greener.
Running away from crime,poverty and corrupt government.
Not many countries with such a high crime rate especially when they target retirees even children has killed retirees that's abnormal. There needs to be a national campaign to address crime. Not to criticize those who require safety.
I believe Jamaica is a great place to invest in
@@siszie9540 Crime is everywhere love!
Here in the US I am afraid whenever I step out, hope not to be shot by the police or a 7 years old kid on a rampage, even in the church you have to have one eye open and your finger on the safety.
Crime should not be accepted as a norm people make their country into what they want it to be, some people has been to over 100 burial for returnees I say 1 or 2 is too much let alone 100. There are certain countries where a jewellery shop door is open no security because the penalty for stealing is so serious let alone to take a life and many revere those countries why don't we make Jamaica like that others will envy us. But a lot of the times families are involved in the crime and they will not tell on each other.
This is such an excellent interview! Very engaging, well articulated commentary by this very knowledgable realtor! I am taking notes and creating an action plan. Blessings
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Great song! Blessings
thank you
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Thank you for this information Mr Throp🙏🏽🆙
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Kingston ja is having the right concept, building a city with the emphasis on residential developments and not on commercial financial properties
Yes Jamaica is a lawless country whose want to be at that place we are not ready to be killed tanks to you
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Excelent interview this of to happened these investments will helps to killed criminality in these areas... I'm away seeing this but I'm estatic i don't have word's to explain my Joy, Motty Perkins of to be feeling good in his Grave right now, commercialized some areas and residential out some great go
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Thanks for another informative video, really enjoyed listening to someone who’s very knowledgeable and patriotic about Jamaica. Gloria’s is one of my favorite places to eat, the scenery is breathtaking
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Excellent interview Throp.
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Very enlightening conversation
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Excellent!!!
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This video is rich in information. Thank you brother.
thank you so much. I'm glad you liked it
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Love the interview very informative
Thank you so much
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Great Job this was a very worth while watch
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I don't think we should compare the price of apartments in NYC to Kingston, for the simple reason that there are many Americans making millions of dollars in salary in NYC. How many jobs in Jamaica paying their citizens/residents hundreds of thousands usd each year? We need to ensure that Jamaicans living on the island have an opportunity to invest and reap the benefits of all the growth going on .
Thanks Thorpe. Very exciting and informative interview. Well executed. Just to add. There are governments that talk about doing things and then there is a government that get it done.
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Time for us to come back home...
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Great video
Nice!
Thank you!
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Great interview and well needed questions asked.
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I have to say, Jamaica has weathered the covid storm very well, much better than expected..
every 3rd world country WOKE UP. too bad their governments is still sleeping..
🇱🇰 Sri Lanka is the titanic that hit the iceberg. '𝓃𝑜 𝓂𝒶𝓃 𝒾𝓈 𝒶𝓃 𝒾𝓈𝓁𝒶𝓃𝒹' that is a popular saying that implies only islands are 𝘀𝗲𝗹𝗳 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲.
𝘀𝗲𝗹𝗳 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 part is the politics that failed these land. Covid in its part did billions of people a solid favor.
@@cinnamonstar808 Third world but weathered the storm waaaay better than first world, with death etc.. Jamaica still has the best stock market in the world for 8 consecutive yrs, and has been seeing tremendous growth. God is in control, not man..
@@cinnamonstar808 Whatever !! 🙄🙄🙄
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Many need to realize the weather conditions when so much concrete goes up! Choose wisely...🇯🇲👈🏾🙏🏾
Great interview Throp!! Very informative 👏🏽👏🏽❤
Thanks so much
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Thank
You are welcome!
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Informative and encouraging interview!!
thanks so much Tia!
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Amazing interview. Very informative.
What is great about this interview? They never addressed the infrastructure in any meaningful way. Those served by the Mona storage constantly have water lockoffs. So is there going to be increased storage???
Currently traffic is a huge issue. Is that going to be addressed?
How are millennials going afford these mortgages? What are the monthly maintenance costs going to be like?? I went to one on the waterfront and the monthly maintenance is likely to start at 98k.
@@faithlawrence8132
Well. They never stated everything was perfect and that they or the Jamaican government had everything figured out. Big things have small beginnings. Let's pray for our prime minister and the government that they will make good and righteous decisions regarding the good people of Jamaica and our beautiful island.
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Very informative
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Look at that view!
we got so lucky
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The road identified as Washington Blvd. is actually the Mandela Highway connecting St. Catherine to Kingston.
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Have to disagree with comparing apples to apples regarding Ja and NYC. The infrastructure, development, jobs, etc are already in place.
He's doing a gr8 job selling Jamaica real estate to the gullible overseas buyers pretty much.
It makes sense if you are from NY and saw the change over the past 20-30yrs with gentrification and the real estate boom. Of course it won't be the same, but for buyers and developers it helps you see the vision and what could be in terms of profits and locations to invest into now.
We’re dealing with an over-inflated RE market worldwide; i see the vision, but I’ll wait for the price to drop.
@@Ms_T_Perfectly_Imperfect I absolutely agree with you!! I was actually happy he did that since I'm living in NY, and can understand the visual.
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Your guess was brilliant 👏🏽
thank you so much!
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Great interview bro
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How much of that increase is due to devaluation of the dollar?
Good question.. How much is also due to high inflation created by government spending and debt?
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Where is safest and moderately affordable in Kingston for a young family with kids?
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The guest alluded that there's a difference between a contractor and developer, can someone please explain the distinction?
The developer is the project owner and financer, while the contractor is who actually builds the structure(s) for the developer.
@@jenisonsound7563 thanks, this makes it clear.
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Interesting topic 👍🏽
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Love this interview Thorp
thank you!
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Jamaica, like many other countries, has fallen victim to runaway appreciation. The great financial bubble is bursting and many of the people who overpaid for real estate will feel the pain when prices correct back to normal levels
But Jamaica also provides housing for every salary grade!! No many countries think of low income, when building houses!
The houses that are built currently in Jamaica are not for regular Jamaicans as its out of there pay grade. They are better off buying land then build or buy houses on the open market
Most people paid cash and intend to use it as a retirement home so it doesn't matter because they are purchasing in communities with like minded people.
It's the big everlasting homes that will be affected. People don't want mcmansions anymore. They rather have multiple homes with at least 3 bedrooms. When people come to visit their friends stay in Airbnb close by and they meet up for entertainment. People not having guest rooms anymore. Their children will inherit those smaller homes as opposed to large homes.
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This guy kno it stuff
he definitely does. Really well informed
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I will echo it on every video, when discussing profit, please ensure you factor in inflation! The increases in price will reflect the depreciation of your purchasing power as well.
absolutely. This should be apart of any investment calculation
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I would compare Kingston 6 to Upper West side of NYC, not Upper East Side. Norbrook and the rest of Kingston 8 are more like the Upper East Side IMO.
Fair enough
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Love. That restaurant eat there 2 time
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My sons are earning maybe £85,000,00&£75,000.00,pa, and they can't afford to buy, within their budget, can't find anything, not even in commuter towns, here people don't want to live in the city, that's why there are so many train stations so they commute and spend thousands on train tickets pa
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I notice nice expensive homes in beautiful Jamaica and Then there is the violence.Any views on this.
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JA....LIT.....THEY COMING....
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Nice 🙂
thank you!
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How is the Ukraine Conflict (supplies, inflation) affecting the real estate industry in Jamaica?
It's cheaper to live in Jamaica as a foreigner
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Port royal have 2 earthquake. 1655. And 1907 throp
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It is not fair to compare real estate in JA with real estate in NY. Just as it is not fair to compare real estate in Wisconsin with that if NY.
We were more trying to build context and relativity, not compare
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What locations are great for building luxury apartments outside of Kingston?
St thomas close to the kingston border (east of kingston) because of the ongoing highway development from kingston to port antonio
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Yep, that prison is on some real prime real estate! The prison with an awesome view. Lol!
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SO WHEN WILL I APPEAR ON YOUR SHOW BRO?
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isn't the prison use to be where the slaves were kept. That maybe the reason why it's on the waterfront. The slave ships came in the port and the slaves were stored there.
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Please deal with the issue of crime it’s cannot be swept under the carpet as if it’s just another day . This scourge need to be dealt with before investing can be profitable
This is a valid concern. I'm not one to sweep it under the carpet but also I don't allow it to deter me from investing in my own country while my foreign counterparts invest at scale
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Poor Jamaica how can the average Jamaican benefit by these developments ?
So these development should stop ?
There are rich and middle class Jamaicans who can afford these developments. Not every development is for EVERYBODY.
I agree - development is great but you need affordable homes as well. Don’t gentrify the entire city to where people of all socioeconomic strata can’t live. The winners can’t only be people outside the country.
The National Housing Trust takes care of them my dear.......ever heard of the NHT? Is dem dis. Okay.
@Queen RA TV.
Jamaica 🇯🇲 is the place .my home 🏡
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You can't have jail house on water fron when you can mek billions from it remove the prison and build luxury condos apartment... Wright to the government of Jamaica about it...
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