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DREAMS Newsletter

A publication of Moorland Dev elopment Company Ltd.

Issue 3 May 2016

6 Reasons to Buy Property in Mandeville

There are many reasons to love Mandeville, the hub of central Jamaica and one of the fastest

growing towns in the island. Although it’s known for its cool and sometimes cold weather, the

capital of Manchester has a lot more than its cool temperatures, to offer. Here are seven reasons to consider making Mandeville your home.

1. Great Climate - With its cool climate, Mandeville is a favourite for persons who simply

cannot manage the high temperatures. It’s ideal too, for returning residents who had become used to cool temperatures and are seeking to avoid the shock of high

temperatures upon their return to the island.

2. Happiest Parish- A Gleaner survey in 2013 indicated that Manchester was the Happiest

Parish in Jamaica. Whatever is making the residents of Manchester, so happy, you are

likely to experience it in Mandeville, the centre of everything that’s great about the parish.

3. Prime Real Estate- Buying property in Mandeville is a smart move for for anyone seeking to invest in real estate. Market prices range from $3.5-$6m for a 1/4 acre property, according to

Inez Turner Real Estate. Top property developers like Moorland Development Company are leading the way in making luxury affordable with their breath-taking gated communities like Moorlands Estate. Moorland has built its brand around an eco-friendly concept which sees property owners enjoying an abundance of green space and high quality leisure amenities,

at affordable prices. A tour of Moorlands Estate on Perth Road, is not to be missed by anyone seeking to invest in premium residential real estate in Mandeville.

Poui Trees in bloom at Mandeville Park. Mandeville has been named among the best places to retire

in Jamaica by Investopedia.com

4. Among the Best Places to Retire -Investopedia.com in an article titled The Best Places to

Retire in Jamaica, named Mandeville among the top parishes for persons seeking a

peaceful and beautiful place to retire. The article noted that Mandeville is a favourite among British and other expatriates who revel in the cool climate and serenity of the town.

5. Good Schools-Mandeville, according to Investopedia.com, has an abundance of great

schools both at the primary and secondary level. Some of these schools are know n for

providing premium quality education, thus making Mandeville ideal for families w ith school age children. Manchester High School, Bishop Gibson High for Girls and DeCarteret College are the three prominent schools in the town offering secondary education, while Mandeville Primary & Junior High, Mt. St. Joseph Preparatory, El Instituto de Mandevilla and

Belair Preparatory offer premier early childhood and primary education. In addition, Mandeville is home to several of the island’s top tertiary institutions such as Northern Caribbean University (NCU) and Church Teachers' College.

6. Job Creation — Mandeville is poised to become one of the fastest

growing towns in the island, in terms of job creation. With the introduction of international companies such as Sutherland Global, which recently announced that it expects to create more than 2000 jobs by the end of 2016, Mandeville is now an ideal location for graduates and young professionals to make their mark. Sutherland Global provides business processes outsourcing services. BPO is now one of the most viable alternatives in Mandeville to the fading bauxite/alumina sector. Entrepreneurs also stand to benefit greatly from investing in the hospitality sector in Mandeville where good opportunities exist for more restaurants and accommodation.

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Moorland Moves into Phase 2 of PalmBrook Estate Encouraged by the take-up of Phase 1 of PalmBrook Estate, its new residential gated community in Lacovia

St. Elizabeth, Moorland Development Company has formally launched Phase 2 of the development.

The roll out of Phase 2 comes two months after Phase 1 was formally launched by the company with 174 residential lots on offer to the market. The market’s positive response to Phase 1 has resulted in Moorland rolling out Phase 2, ahead of the projected schedule. There are 96 lots available in Phase 2 of PalmBrook Estate, with

a starting price of $2.7m for a ¼ acre lot. Moorland Development Company broke ground for phase 1 of PalmBrook Estate in October 2015, with a projected completion timeline of October 2016. Managing Director of Moorland Development Carlton Maxwell said that as a result of the positive response from the market, the company has been able to move into phase 2 ahead of schedule. “Similar to Phase 1, the take-up in Phase 2 has been encouraging with over 80% of the lots already reserved,”

he shared.

Mr. Maxwell pointed out that substantial infrastructure work has been done at PalmBrook Estate since the ground

breaking last year. “We anticipate that titles will be available for lot owners in Phase 1 by January and for Phase 2 by June 2017, ”

he said.

The company’s Marketing, Sales and Public Relations Manager Marie Berbick, said that tours of the site are being facilitated Mondays to Fridays and on Sundays between 12-6pm. “Prospective buyers can contact our marketing team who will ensure that they are able to view the lots and submit fact files for those lots that they are interested in. We also have the site maps on our website indicati ng

the lots that are available. However, we encourage persons to personally come and look at the lots, or if they are unable to do so, have someone view the lot that they are interested in.”

She is encouraging persons who are interested in purchasing lots , to consider getting pre-approved by their

selected mortgage provider before selecting their lots. This she notes, will speed up the acquisition process.

“By getting pre-approved you will know before you select a lot, how much financing the mortgage provider

will make available to you toward the purchase of the property,” she said.

Significant work has been done at PalmBrook Estate since the ground breaking last October

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Why You Should Consider Getting Pre-approved Before Looking for Land

A significant percentage of persons seeking to buy land will need to borrow money from a financial institution. The process can be speeded up getting pre-approval from your chosen mortgage provider before you even identify the property you wish to buy. Although pre-approval is not compulsory, it is highly recommended that potential land or home buyers get pre-approved. Pre-approval assists the

potential buyer to know exactly what price property they can afford, and provides proof to the seller that the prospective buyer can afford a mortgage. Pre-approval also assists the buyer to assess what their potential closing cost and monthly mortgage payments will be.

You may get pre-approved by going directly to a mortgage provider or

financial institution or under a Joint Financing Mortgage Programme you may apply directly to a major mortgage

financing institution for your National Housing Trust (NHT) loans at NHT rates. The NHT lends a maximum $1.5 million per contributor, to buy land. You can join with other persons

to purchase a property, however similar documents will be required for the other party or parties.

Once in receipt of the pre-approval documents, an assessment will be carried out and

subsequently, the pre-approval letter is issued. The information confirmed in your letter is the amount you are pre-approved for, the

interest rate, the terms and the monthly payment. You can now

present this letter to your realtor or vendor to start your negotiations.

The letter is usually valid for up to three months. If at the end

of the three-month period, you have not found a property you wish to purchase, you have the option to reapply for a new

pre-approval letter.

Victoria Mutual Building Society at PalmBrook Estate's Open Day in March 3

Zion Hill Primary Gets Facelift on Labour Day

The Moorland Development team headed to Zion Hill Primary in Bombay Manchester, to give the school a well

needed face lift on Labour Day. A full team of Moorland staff and contract workers, assisted by community

members, combined efforts and skills to renovate and paint the bathroom block and beautify the school's garden.

Principal of the school Simone Green Johnson was very happy about Moorland ’s decision to make the

school their Labour Day project. “Thank you so much for choosing Zion Hill, we truly appreciate this

assistance,” she said.

Moorland Development's Project Manager Cyprian Smith disclosed that pre-preparatory work has actually begun at the school up to two weeks before. “We carried out some plumbing and electrical work at the school in

preparation for the aesthetic side of things on Labour Day,” he explained. The repairs at the school were

undertaken at a cost of over $300,000.

Entrance to Zion Hill Primary School Sections of the school repaired by Moorland on Labour Day

Project Manager Cyprian Smith briefing the team before

work began.

Marketing Manager Marie Berbick, explains to Member of

Parliament for Central Manchester, Peter Bunting (right), and

members of his team, the Labour Day renovation work being

carried out by Moorland Development Company at Zion Hill

All painted up and messy but happy. The staff of Moorland

Development Company Limited pause for a group photo after a

full day of hard work at Zion Hill Primary School on Labour Day.

Well done! Team members celebrate a hard day's work.

Primary School. Project Manager Cyprian Smith, Vice Chairman of Moorland Dalton Wint and the team plumber listen keenly.

Michael Ricketts of Rickett's Electrical Company and

Rickardo Salmon of Moorland Development Company display the renovation plaque mounted by Moorland.

Vice Chairman of Moorland Development Company

Limited Dalton Wint and Marketing Manager Marie

Berbick cleaning the windows at Zion Hill Primary.

Moorland staff led by Project Manager Cyprian Smith pause for a team photo upon completion of renovation work at Zion Hill

Primary School yesterday. Also in the photo is Simone Green Johnson, Principal of Zion Hill Primary (Blue and black blouse).

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Hillstars FC are 2016 Moorland Pat Anderson MFA Under 17 Champions

Hillstars Football Club on May 1 emerged winners in the 2016 Moorland Pat Anderson Manchester Football Association (MFA) Under 17 League, with a 4-3 win over Porus Football Club. 2015 winners Hillstars, retained the championship though a penalty shoot out after both teams

remained tied at 1-1 at extra time. Below are scenes from the finals held at Kirkvine Sports

Complex.

Managing Director of Moorland Development Company Carlton Maxwell and MFA President Dalton Wint join

Hillstars FC for a winner’s photo.

An elated Hillstar FC team celebrate their victory in the

2016 Moorland Pat Anderson MFA Under 17 League.

Hillstar’s Tahja Reynolds shares a photo opp with from left: Carlton Maxwell Managing Director of Moorland Development Company,

title sponsors of the League, Dalton Wint, President of Manchester Football Association and Pat Anderson, patron of the league. 5

Moorland’s Rickardo Salmon Shines at Men Who Cook Moorland Development Company’s Rickardo Salmon and Nicay Burrell-Williams cooked up a treat of delicious

pineapple fish and tofu at the Lions ’ Club of Mandeville’s annual Men Who Cook event held on May 1 at Brooks Park.

Lead chef Rickardo, is in his second year of cooking at the event. His family members also turned out to help

him and the Moorland team cook. They included his wife and brother in law. Below are scenes from the event.

Menu of the day was pineapple fish with Tofu. Accountant Nicky Burrell and Rickardo Salmon led the team effort.

Pineapple fish with Tofu on the menu Rickardo attends to a patron.

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Moorland Development Company

Labour Day at Zion Hill

Primary School

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Contact Us:

Dreams is a monthly newsletter produced by Moorland

Development Company Ltd. We welcome your feedback. Email comments and suggestions to moorlandsmarketingja@gmail.com Visit our website at www.moorlanddevelopment.com

Visit our office at: Lot 1 Moorlands Estate Mandeville Manchester Jamaica W.I.

Additional information can be obtained from the Moorland website www.moorlandevelopment.com, by

calling the office numbers 876-963-8047, 876-625-2298, mobile 876-869-5410 or by emailing moorlandsestate@yahoo.ca and moorlandsmarketingja@gmail.com. Persons can also view daily updates on the Moorland Facebook and Instagram pages.

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