Fairway Condominium Development Ltd. is a development company formed in 2019 to rehabilitate and refurbish the property known as the Fairway Condominiums, located on Zenway Boulevard in Frigate Bay, St. Kitts, Caribbean.
88 Purchasers will receive a share in the Fairway Condominiums, which will operate as a boutique hotel.
Total cost (all-in) US$285,000.00 for a single applicant.
Each Purchaser will have the right to apply for a St. Kitts and Nevis Passport and Citizenship for Life. Purchasers can add passports and citizenship for a spouse and financial dependants for additional fees.
The financial projections anticipate a US Dollar ROI of up to 8% per annum to each Purchaser. Purchasers can retain their real estate investment and ROI indefinitely or take advantage of a built-in exit strategy after 7 years. Each Purchaser will also receive a seven (7) day complimentary stay each year for as long as they retain the real estate investment.
Over the last ten years, the Frigate Bay area on the island of St. Kitts has grown and matured into a sought-after tourist destination. After COVID we anticipate that pent up travel demand from North America and Europe will result in an increase in tourism over pre-COVID numbers.
The Fairway Condominiums sit across the street from the Atlantic ocean, feature direct beach access, and overlook a renowned golf course.
Using local craftsmen, professionals and labourers, The Fairway Group will rehabilitate the existing property to twenty exceptionally appointed condominium units that showcase architectural integrity, classic design, and customized luxury.
The condominium units will be surrounded by lushly landscaped outdoor spaces and amenities, including a pool, cabana, outdoor washroom, and covered barbecue pit/with grilling, and will operate as a boutique hotel for the discerning traveller.
Site clearing began in April 2021, and the construction schedule anticipates substantial completion by the end of December 2021 and full operation by spring, 2022!