Home' Trinidad and Tobago Guardian : March 14th 2015 Contents A5
Saturday, March 14, 2015 www.guardian.co.tt Guardian
There is not enough land in T&T
to satisfy the high demand, said a
spokesperson for Kanhai Real Estate.
Speaking on condition of anonymity,
he said there had been instances where
members of the public had to be
turned away because land was not
available for sale.
He was commenting on a new ini-
tiative announced by the Government
to provide subsidised developed land
to potential homeowners for people
earning as much as $30,000 a month.
At Thursday s post-cabinet news
conference, Minister of Land and
Marine Resources Jairam Seemungal
said the Government was trying to
expand the Land for Landless pro-
gramme so that middle-income earn-
ers could benefit.
"We are not seeing too much land
becoming available. A lot of people
want land and we hardly have land
"It is difficult to find land now. Peo-
ple are looking for land and they still
can t find land and when they get it,
supply and demand situation," said
the real estate agent.
Despite the high demand for land
by members of the public, Kanhai Real
Estate does not see the Government
as a main competitor because the Gov-
ernment owns state lands.
Price of land differed depending on
where the land was located, he said.
"If you are talking about Valsayn,
there are usually half acre in those
areas costing about $4 million. That
is the figure you could be looking at
if someone is prepared to sell in North
If, however, the customer wanted
to buy one acre of land in Tunapuna,
depending on the part of Tunapuna
the cost on average would be
"If there are rundown properties
around, the prices would drop. If there
are nice properties around it the price
would be even greater."
Kanhai Real Estate s customer base
is mainly commercial customers who
specifically want a particular location.
Adisa Kamuzu, chief executive, Nation
Builders Real Estate, said the price of
land was determined on the basis of
location as well as whether the area
was perceived to be a safe area. He
added that the price of land could be
as low as $2.3 million or as high as
$5 million depending on the location.
Kamuzu said for a location like Bel-
mont, the price for land would be
high due to its proximity to the capital,
"but at the same time you are not
going to get value for money because
of the stigma attached to Belmont,
since it is close to Laventille."
A customer who wants land in
Chaguanas "stands a better chance,"
because the area is developing and
the areas are nearby.
Land in Chaguanas can start from
$65 per sq foot and can increase to
$135 per sq foot.
The Opposition is seeking
clear answers from the Gov-
ernment over its new initia-
tive to provide subsidised land
for "working-class" citizens.
Faris Al-Rawi, public rela-
tions officer of the People s
National Movement, made the
call during a press conference
at the Office of the Leader of
the Opposition in Port-of-
He claimed that this dis-
tribution was a possible breach
of the Integrity in Public Life
Currently, the Government
is seeking $1 billion for the
Land for the Landless pro-
gramme to distribute land to
over 9,000 more families. They
are also attempting to distrib-
ute 100 homes per week
through the Housing Devel-
opment Corporation (HDC).
Al-Rawi said the Opposition
rejects the "naked and open
abuse of the citizens of T&T."
He claimed that the land
and housing distribution was
an "election gimmick."
Al-Rawi said the PNM was
"reliably informed" that in
both the Land Settlement
Agency (LSA) and the HDC
there was a delay in the pro-
cessing of matters to be deliv-
ered in large groups.
"The PNM has noted that
this has followed strictly on
the heels of the HDC s disclo-
sure of the delivery of 100
homes per week. And witness-
ing citizens of T&T lining up
in the sun and rain, a thousand
a head each day, to try to figure
out what is actually happen-
ing," Al-Rawi said.
He said his party doubted
the government s ability to
deliver the houses and certifi-
cates of comfort because they
believed that an election would
be called long before any keys
or certificates of comfort were
delivered to a large number of
"We are invited by the UNC
to believe that these are not
simply election gimmicks and
this is the Government sup-
posedly at work for the people.
What we are concerned about
is the fact that the UNC seeks
to persuade without even con-
descending (to give) a single
figure that it has developed a
massive number of homes in
T&T that they are going to give
it out," he said.
Al-Rawi also questioned the
legality of the LSA to give out
leases for 199 years. He said
the Commissioner of State
Lands is authorised to give out
land for a 30-year lease, and
only the President was autho-
rised to distribute leases for
more than 30 years.
He also questioned the abil-
ity of those receiving the land
to service the mortgages.
over new initiative
Real estate agents say
Not enough private
land to satisfy demand
FLASHBACK: Prime Minister Kamla Persad-Bissessar draws the first chit for
the Land for the Landless residential lots by the Housing Development
Corporation at the Southern Academy for the Performing Arts, San Fernando,
in May 2013. At left is Ernst & Young's Nicole Hosein. PHOTO: TONY HOWELL
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