- January 31, 2014
- |Featured Projects
La Vallee Greens is located on the northwest of the island of St. Kitts. The property comprises of 496 acres of land primarily on the west side of the main perimeter highway around the island and is adjacent to the northwestern coastline of the island. The site was previously used for sugar cane farming and abandoned fields of cane still remain within the property. Additionally, remnants of the old mill buildings are present at the site.
In the past few years a golf course has been cut throughout the site; nine holes of which have been maintained. The original master plan for the site called for an 18 hole championship course with full service clubhouse.
A desalination plant with the capacity to produce up to 1 million gallons of fresh water per day has been constructed on the site. NB. Some additional work may be required on the intake line to make the plant fully operational.
A 2.5MW generator is also located on the site.
As mentioned above, an 18-hole golf course was originally developed on the land with paved golf cart pathways in existence. The golf course was fully laid out. It has been graded and all the irrigation lines and ponds are in place. To be able to play golf on this site would not require a large amount of work or time.
There is a supply of government water to some locations on the site. There is also a supply of government electricity to the offices on the site.
The sale price for the land was set at US$80.000, 000.00 and with the desalination and power plant it increases the total price by US$10,000,000.00 for a total of US$90,000,000.00.
The Government of St. Kitts and Nevis utilizes this program to attract investors of good character to make a substantial contribution to the development of the Federation. These investors are then given the opportunity to apply for citizenship and passport within the strict guidelines of the law and the relevant regulations.
As such, developers make an application for their project to be designated as an “Approved Project” under the Citizenship by Investment Programme. To qualify for citizenship of St. Kitts and Nevis under the real-estate option of its Citizenship-by-Investment Program, the Government requires an investment in designated real estate (an Approved Project) with a value of at least US$ 400,000
Minimum Investment required is US$400,000.00
On approval in principle of an application:
- US$50,000.00 for the main applicant
- US$25,000.00 for the spouse of main applicant
- US$25,000.00 for each child of the main applicant under 18 years
- US$50,000.00 for each qualified dependent of the main applicant over 18 years other than his spouse