The growing middle class in Barbados now has another option available for housing solutions and real estate investment opportunities.
This comes with the launch of South View, one of the newest developments in Christ Church, which sits on 54 acres of sloping land in Kent between two of the most established developments in Barbados, Prior Park and St. Elizabeth Park.
South View Development Inc. (SDI) is the developer of the new residential area which will feature lot sizes averaging 8,500 sq ft and is located around some of the most attractive amenities on the island.
Currently, the first of the four phases is on offer, which will feature 109 land lots. According to Tony Selby the new development will feature in total 258 housing units and the prospect of townhouses in the area is now very much possibility.
Infrastructure work for the development started in March 2010 and construction is slated to start in the middle of 2010.
The development of the project in terms of infrastructure and development will bring approximately $24 million in investment according to Selby.
Meanwhile Haydn Hutton of Terra Caribbean which is the lead real estate firm for the project told the media that the project has attracted over 20 sales of land lots for the first phase of the project.
Minister of Housing and Lands Michael Lashley, who was on hand to uncover the South View plaque, described the new development as a vital stimulant for the sector in Barbados.
