Scotiabank – SJBSScotiabank – SJBS

Investment opportunities in Jamaica Investment opportunities in Jamaica

FOTA Symposium FOTA Symposium May 29, May 29, 20102010

OverviewOverview

Why now is a good time to invest in Jamaica?

Factors that are stimulating the real estate growth

Why real estate?

Other Investment Opportunities

Why now is a good time to Why now is a good time to investinvest in Jamaica? in Jamaica?

Ongoing modernization of the two major international airports

Continued expansion in the tourism sector Ongoing transformation of telecommunications Real estate prices are up to 50% cheaper in Jamaica

compared to other Caribbean Islands Financial assistance still readily available Our close proximity to the US Continued island-wide highway development Jamaica’s location along the main shipping lanes

(North/South America/Europe)

Factors that are stimulating real estate Factors that are stimulating real estate growth - Northgrowth - North

Factors stimulating real estate growth Factors stimulating real estate growth cont’d?cont’d?

Mortgage financing more readily available

Continued real estate developments island-wide

Increased investment opportunities in real estate (rental etc)

Funding from state-run NHT

High demand for prime properties

Stability and confidence in the real estate market in Jamaica (due to specific factor)

With some 15,000 hotel rooms to be added by 2012, residential dwellings will be required

Why real estate?Why real estate? Real estate in Jamaica has continued its value

appreciation over the years

Market values on property has continued to increase in value at approx 10% over the past year

Properties in or around resort towns have similar growth rates.

Real estate prices in Jamaica are approx 50% less than the Caribbean

Local market less cyclical than more developed markets.

Why real estate cont’dWhy real estate cont’d Real estate in Jamaica is a good hedge against inflation or financial

depreciation eg 401K

Apart from market value appreciation, income can be derived from rental of the property (short term or long term)

Based on the Jamaican scenario, market appreciation is somewhat guaranteed.

During the Financial meltdown in the 1990’s market values were basically stable, where values did not depreciate but were basically stagnant

When stability in the financial sector returned in early 2000 property values started increase significantly

Current DevelopmentsCurrent Developments Stonebrook Estate, Trelawny – KemtekStonebrook Estate, Trelawny – Kemtek

Two bedroom units - JA$6.5MTwo bedroom units - JA$6.5M

Trelawny – Gore Developments Trelawny – Gore Developments 828 two bedroom units - JA$ ??828 two bedroom units - JA$ ??

Tamarind Ridge, Duncans – Silver Sands Dev Tamarind Ridge, Duncans – Silver Sands Dev CoCo

Vacant lots starting at US$90,000Vacant lots starting at US$90,000

Richmond, St Ann – Richmond, St Ann – Three bedroom bungalows US$195,000 Three bedroom bungalows US$195,000

Other Investment OpportunitiesOther Investment Opportunities

Green House Technology for Agricultural Production

Access to grant funding Special Loan programmes Technical assistance Products include tomatoes, coloured

peppers, cucumbers etc

Other Investment OpportunitiesOther Investment Opportunities

Exotic products (herbs ) More contained approach – mitigates

praedial larceny Higher start-up costs ( short run

economies of scale) Strong local demand from hotels Access to export markets Agri – Processing ( Trelawny

Yam/Breadfruit)

Facts to noteFacts to note

Convention Centre Convention Centre Elegant CorridorElegant Corridor New Cruise Ship PierNew Cruise Ship Pier Boscobel AirportBoscobel Airport

Contact InformationContact Information

www.jamaica.scotiabank.comwww.jamaica.scotiabank.com 1-888-4-scotia1-888-4-scotia

Gladstone Whitlelocke - VP/General Gladstone Whitlelocke - VP/General ManagerManagerGladstone.whitelocke@scotiabank.comGladstone.whitelocke@scotiabank.com1-876-922-36001-876-922-3600

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