New Bahamas Real Estate Offering

Balmoral is a new real estate development in Nassau Bahamas that's targeting young professionals.
With a green concept, this Bahamas real estate development is located on the western end of Nassau.
It's gated and set on 43 acres of mature and lush tropical trees and flowering shrubbery. And what's more, Balmoral is expected to provide almost 200 jobs.
What could be better?
The price.
Balmoral's being touted as an affordable luxury development.
According to Balmoral's Jason Kinsale, a land design company has created a ‘homogeneous' development, putting a lot of effort into the environment.
Over 400 trees were tagged in order to preserve as much of the natural green space as possible.
Construction is expected to begin at the end of this month and the job should take nine to 12 months to complete.
A total of 70 lots are on the market, and 300 homes and townhouses of different sizes are to be built. Kinsale says Balmoral has been able to appeal to different market segments in what he considers affordable for the young professional market.
The developers obtained financial support from Royal Bank of Canada on the conditions of pre-sales, Kinsale said.
He said 40 percent of the single-family lots have been sold, with three townhouses and one condo remaining in phase one.
And Kinsale expects demand will be much stronger one a couple of the homes are up.
The project is to cover four or five phases and take five or six years to complete.
It's projected that the first phase will cost about $15 million and a total of $100 million is expected to be spent at the end of the day.
Source: The Bahama Journal