Invest Saint Lucia moved one step closer to securing 600 new landowners last week Thursday, September 10, 2020, as it celebrated the official ribbon-cutting ceremony at the Beauchamp Land Development in Micoud.
“Right now, we’re on almost 11 acres of flat land, parcelled into 59 residential and commercial lots, 80 per cent of which are already sold. These are fully serviced lots with road infrastructure…and utility connections,” ISL CEO Roderick Cherry told Micoud residents and representatives from various ministries.
After halting the sale of lots in response to the coronavirus pandemic, the investment promotions agency recently resumed processing applications for the development.
With the Beauchamp Land Development, ISL has explored creating multi-family offerings within duplexes and apartment complexes so that middle-income earners secure housing at an affordable cost. Moreover, the design of the new development includes space for both commercial and residential use, making it an attractive investment for those who wish to purchase land.
Cherry pointed out, however, that the most significant benefit to potential buyers is the achievement of financial goals that comes with the backing of land ownership.
“Right now, we’re on almost 11 acres of flat land, parcelled into 59 residential and commercial lots, 80 per cent of which are already sold. These are fully serviced lots with road infrastructure…and utility connections.”— Roderick Cherry, CEO, Invest Saint Lucia
“COVID-19 has underscored the importance of Saint Lucians owning property assets, including a home, which contributes some form of stability when faced with spontaneous uncertainties. This proves that the Government’s decision to put more Saint Lucians on the path to land and homeownership was the right one,” the CEO said.
He also emphasised the importance of homeownership within the context of economic development.
“The term ‘economic development’ might sound grand, but it’s only truly evident when people from all over Saint Lucia, people from Micoud, people who are far away but want to come home, can have a piece of Saint Lucia to call their own. This is what Invest Saint Lucia is here to do, by wisely and carefully utilising the resources vested to us since our long-gone days of being the National Development Corporation.”
Also attending the ribbon-cutting ceremony was Prime Minister Allen Chastanet, who is also the Member of Parliament for Micoud South. In his remarks, he highlighted the Government’s other contributions towards development in Micoud.
“We’re going to have to increase the services in our constituency if we’re going to be successful in getting people to move to [Micoud],” he advised.
He also noted that the Government needed to find a way to promote investments that will benefit Saint Lucians on a more personal scale without overburdening the State.
On that note, the prime minister explained that,“The land [already belonged] to Invest Saint Lucia [and they were] willing to…come in and put in facilities and Government was able to support by providing incentives.”