Home' Trinidad and Tobago Guardian : July 26th 2015 Contents speak fluent English.
"Many of the lots have already been
sold. Just yesterday a guy with an
American accent came inquiring if I
was interested in selling my land. Luck
did not strike his way."
A stone s throw from Sahadeo s home
a "For Sale" sign with a contact number
was planted on a vacant piece of land.
The owner s selling price was $550,000.
Sahadeo said well-to-do people have
been zeroing in on the undulating lands,
which have a breath-taking view of the
entire southern landscape.
He said many of the new land owners
had been erecting palatial structures
which were yet to be occupied. Of the
50 houses being erected on the lands
currently, he said only eight families
resided in the area.
Inflated prices asked
Sahadeo said initially lands were
being sold for between $150,000 and
$200,000 a lot, but when the elaborate
houses started dotting the landscape,
the former workers started increasing
"The highest price I heard was
$600,000 a lot and people are buying
it like hot bread in here. The houses
have been driving up land prices."
Sahadeo admitted that even the
incomplete houses had been creating
"Almost every day strange people
would drive in to view the houses. You
don t know if they are bandits waiting
to attack. I don t feel safe anymore."
At Ramnath Drive, Jai Ramnath
admitted that many of the lots on the
street had already been sold.
"The majority of people moving in
are not former Caroni workers," Ram-
nath said, adding he heard that one lot
was sold for $400,000.
But there are other issues as well.
Living a few metres from the UWI
South Campus in Debe, Rajbally
Sadaphal said he regretted the day he
moved into Picton.
Sadaphal said the area had no pipe-
borne water, street lights or garbage
collection, while mail was not delivered
to his home.
"I did not expect this from the Peo-
ple s Partnership Government. I am
ashamed. I sold five acres of land in
July 26, 2015 www.guardian.co.tt Sunday Guardian
From Page A10
One of the many palatial houses that dot the
landscape of Picton Phase 2, Debe.
Prices advertised by real estate
agencies on the Web:
Mc Bean, Couva, $350,000---
Opposite Rienzi Complex, Couva,
Exchange, Couva, $330,000---
A two-acre parcel in Williamsville,
Barrackpore to come here only to realise that the
land was situated on a slope and had been sinking.
I had to pack the ground with 63 loads of backfill
before building my house. I spent $1 million to build
my house and I am not happy nor comfortable. It s
He said despite these issues there was a mad rush
Sadaphal said he purchased a lot of land next to
him for $250,000, while someone paid $400,000
for a 50-foot by 100-foot portion not far away.
Initially, Sadaphal said, Caroni lands fetched little
or next to nothing. He said he also wanted to sell
a two-acre parcel of agricultural land in Bronte,
Princes Town, which he received.
"The land is inaccessible. I need a helicopter to
He said people who had a keen interest in real
estate were buying large acreage and reselling indi-
vidual lots for a pound and a crown.
"They are making a mint. You would not believe
who are the buyers."
At Golconda Settlement, Kishan Sookdeo admitted
he wanted to sell his two-acre parcel in La Romain.
He said an offer of $350,000 was made to him a
few weeks ago.
"Once I collect my deed I will weigh my options."
Sookdeo, who has been unemployed since Caroni
shut down, said he needed money to renovate his
home in Golconda. He said many of the former work-
ers had struck deals with interested parties and had
put the matters in the hands of their attorneys.
"The owners have already collected half of the
money for their land and upon receiving their deed
they would be paid the balance. This is to ensure
that they do not sell the land to anyone else," Sookdeo
Foreigners attracted to land
In May, Seemungal first made an appeal to the
former workers not to sell their land, which they
failed to heed.
This was after the People s Partnership Government,
in March, had removed the restrictive clause that
prevented the sale and transfer of lands.
Seemungal noted that some residential lots were
being sold for monetary gain. He said his ministry
had been monitoring agricultural sites to ensure that
lands designated for cultivation were not used for
"Land is the only thing that does not depreciate
in value. That is why I keep appealing to them to
hold on to their lands and when the value goes up
and you really need the money you can sell," he said.
Seemungal said, however, that he was unaware
that foreigners were scoping out lands in Reform and
Picton and promised to investigate.
Describing Reform as beautiful, Seemungal said
that in the next few years a lot of land there could
command as much as $3 million because of the
extravagant houses now being built.
"It could end up like another Valsayn or West-
Before August, Seemungal said, 1,000 leases would
Upscale houses in Reform Village, Williamsville, with the southern landscape as a backdrop.
Probe of foreign buyers
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