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Scotiabank – SJBS

Scotiabank – SJBS. Investment opportunities in Jamaica FOTA Symposium May 29, 2010. Overview. Why now is a good time to invest in Jamaica? Factors that are stimulating the real estate growth Why real estate? Other Investment Opportunities.

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Scotiabank – SJBS

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  1. Scotiabank – SJBS Investment opportunities in Jamaica FOTA Symposium May 29, 2010

  2. Overview • Why now is a good time to invest in Jamaica? • Factors that are stimulating the real estate growth • Why real estate? • Other Investment Opportunities

  3. Why now is a good time to invest 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)

  4. Factors that are stimulating real estate growth - North

  5. Factors stimulating real estate growth 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

  6. 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.

  7. Why 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

  8. Current Developments • Stonebrook Estate, Trelawny – Kemtek Two bedroom units - JA$6.5M • Trelawny – Gore Developments 828 two bedroom units - JA$ ?? • Tamarind Ridge, Duncans – Silver Sands Dev Co Vacant lots starting at US$90,000 • Richmond, St Ann – Three bedroom bungalows US$195,000

  9. Other Investment Opportunities • Green House Technology for Agricultural Production • Access to grant funding • Special Loan programmes • Technical assistance • Products include tomatoes, coloured peppers, cucumbers etc

  10. Other 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)

  11. Facts to note • Convention Centre • Elegant Corridor • New Cruise Ship Pier • Boscobel Airport

  12. Contact Information • www.jamaica.scotiabank.com • 1-888-4-scotia Gladstone Whitlelocke - VP/General Manager Gladstone.whitelocke@scotiabank.com 1-876-922-3600

  13. is your Premier Financial Partner

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