Development Consultancy services for a pioneering project in a new branded residences market
In 2023, Global Branded Residences was appointed by a Caribbean-based developer to provide development consultancy for a major peninsula site near Montego Bay, Jamaica.
Our scope included a comprehensive review of the luxury residential market and recommendations on unit mix, sizing, and pricing for a master-planned development comprising four residential towers with 423 apartments, 15 villas, and an extensive suite of luxury amenities. The project marks both Jamaica’s first branded residential scheme and the tallest residential buildings in the country. We later advised on contractual matters with Ennismore, who was appointed as the brand partner for the development.
Fivefold increase per Sqm
This scheme marks the first branded residences project in Jamaica. The average apartment price per sq m in Jamaica is $3,312 and is more than five times higher at $17,783 in the regional market.
“We needed guidance, support, and someone with in-depth knowledge of this industry, to assist us in our endeavours of introducing luxury branded residences to Jamaica. We retained Riyan and his team at GBR. Riyan came to Jamaica and meticulously executed our market feasibility study. His ability to enter a territory with very little residential branding footprint, and analyze the market, providing tailor-made solutions, was instrumental in shaping our market entry strategy. Riyan thinks out of the box, he is easy to communicate with, he is professional and timely. in our endeavours of introducing luxury branded residences to Jamaica. I, without hesitation, would highly recommend Riyan and his team at GBR to any company seeking to navigate this course.”
Tanya Golaub, COO,
LCH Development Limited Jamaica
