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Receives Weekly Updates on every new home and condo listing in Thew Bahamas. All New Listings every week. |
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Grand Bahama / Freeport Real Estate News |
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| September 11, 2008 |
Grand Bahama residents weigh on economy
Grand Bahama residents have for months been complaining about the rising cost of living, including exorbitant food and gas prices and high utility bills.While the economy continues to lag, residents appear hopeful that proposed capital investments like Ross University in 2009 and the reopening of the Royal Oasis Hotel will come to fruition. |
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| February 4, 2008 |
$4.9 billion Gin Sur Mer project is gathering Momentum
The $4.9 billion Gin Sur Mer project at West End is gaining "momentum" and has recorded its highest ever sales in January despite the downturn in the US and UK real estate markets, according to investor Bobby Ginn."We took about 28 contracts on lots and that is the highest month in sales since we started the project (here), and February looks equally as good," he said on Thursday at West End. |
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| December 13, 2007 |
Ginn to raise property prices by mid-January
Ginn Sur Mer, the $4.9-billion Grand Bahama-based development, is expecting to raise its property prices in mid-January 2008. A move that may surprise some given the global credit squeeze that has dampened prospects for the Bahamas' second-home market. |
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| November 11, 2007 |
'Enchanted forest'of Freeport targets US, UK and region
One thing Freeport and Grand Bahama needs is the critical mass of people to fill in their infrastructure.WIth no import and exort duties, state of the art container port, and close proximity to the U.S., It's just not been leveraged by the country as it could be. |
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| September 28 2007 |
Ginn's two per cent stamp duty rate 'has no foundation in law'
The special two per cent stamp duty rate that the former PLP government granted the Ginn Development Company on real estate sales at its $4.9 billion West End project has no foundation in law, an attorney told The Tribune, and appears to contravene the Hawksbill Creek Agreement. |
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| September 03, 2007 |
Government will honour the commitment made with Ginn
Prime Minister Hubert Ingraham said the Government will honour the agreement with Ginn Resorts and will ensure that it is beneficial to the developer and Bahamians, according to Associated Press. The Prime Minister's statement followed a presentation by Ginn principals on the proposed multi-billion dollar development for West End, Grand Bahama. |
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| August 13, 2007 |
New electrical line to be built to West End
Marubeni Caribbean Power Holdings Inc , the Japanese company that recently acquired the Grand Bahama Power Company, will build a new transmission line to West End and a new substation at Malibu Reef, to keep pace with the expansion of resort projects on the island. |
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| February 19, 2007 |
`Multimillion Raven project 'taking off
A Letter of Intent for the multi-million dollar Raven Group project in Freeport has been signed with the Grand Bahama Port Authority (GBPA) and Port Group Ltd, marking a small but important first step towards securing another major investment that should help drive Freeport's economy in years to come. |
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| July 12, 2007 |
Grand Bahama project appears 'back on track'
A major investment project for eastern Grand Bahama, possibly involving three resorts and casinos plus a new cruise terminal, appears to be back on track. |
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| March 01, 2007 |
Old Bahama Bay becomes destination for weddings
Old Bahama Bay Resort and Yacht Harbour at west End is becoming a popular venue for weddings on Grand Bahama, and now offers in – house co-ordination services for local and destination weddings on the island. |
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| February 27, 2007 |
Freeport airlift suffering from 50% load factor
Disputing claims that not enough flights are coming into Freeport due to high airport fees, Freeport Harbour Company’s chief operating officer, Raymond Jones, disclosed that over 6,900 international Flights touched down at Grand Bahamas International Airport in 2006.
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| December 13 2007 |
Firm in Devco talks over major Freeport project
Grand Bahama-based company is in talks with the Grand Bahama Development Company (DEVCO) over a proposed multi-million dollar development at the island’s Fortune Beach and Shannon areas.
Steel HQ Bahamas Ltd, a subsidiary of China Building Systems Hong Kong, said the Fortune Beach development would consist of four phases of luxury vacation homes and surroundings amenities, plus a world-class beach club and spa. |
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