BY MARK GAUS REAL ESTATE BROKER, SALES ASSOCIATE, RE/MAX CAYMAN ISLANDS
The Cayman Islands real estate market and construction industry continues to thrive in 2024, and into the years ahead.
Notable construction projects include The Grand Hyatt and Hilton Curio hotels on the seafront in George Town.
DART is adding to its commercial portfolio with another 10- storey office building in Camana Bay and the exciting re-development of Lacovia, a collection of luxury residences on Seven Mile Beach, has broken ground.
MORE OPPORTUNITIES
New communities in George Town, such as Yarl, are offering first-time buyers excellent opportunities, with brand new condos starting for less than $400K.
There are more opportunities for new buyers now than ever before. Currently, there are just less than 1,300 different residential properties listed on the CIREBA multiple listings system in Grand Cayman, with more than half of those being less than $1M.
One of the most exciting projects to launch in 2024 is phase two of Landmark Square. The new building will feature both retail and residential options.
Located directly in the centre of the Seven Mile Beach corridor and a very short walk to the beach, The Strand, The Ritz-Carlton, Grand Cayman and many amenities and restaurants, this building will be highly sought after.
The property will feature underground parking with retail shops on the ground floor. Residential condominiums will be located on the second floor and penthouse units will be on the third floor, each with its own private rooftop terraces.
These residential apartments will range in size from 1,100 to 1,451 square feet and start at only $759,600. The penthouse units will offer direct access to the private rooftop terraces, which come fully equipped with a Jacuzzi and outdoor kitchen. Can you imagine the lifestyle?
Landmark Square II will also feature a rooftop community pool for all residential owners and guests to enjoy.
This article originally appeared in the Autumn/Winter 2024 issue of InsideOut magazine.
