The Government has resumed its allocation of Crown Land for residential purposes – effective from today. The Lands Division in the Attorney General’s Chambers announced its resumption alongside a call from the Crown Land Unit for applications to purchase of 104 parcels of land in Providenciales.
The parcels, which range in size up to 0.38 of an acre are priced from just over $13,00 and rising up to $18,000. They are for residential development only. The lot sizes are consistent with the new guidelines on the size of residential allotment of crown lands.
These first allocations are in Northwest and North Central Providenciales, to the immediate west of the Millennium Heights Housing Development. Allocations are being made on a First Come First Served basis.
The allocation of crown land was discontinued in 2008 following allegations of widespread mis-appropriation of Crown Land assets. A TCI Belonger discount of 25 percent of the Open Market Value has also been applied.
