Signature One June Update

 

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The first annual Sea Turtle Festival took place during June 16-20 in Cayman to celebrate all things sea turtle, with activities that range from conservation and education initiatives to art and wellness events. The event was held by Cayman Turtle Conservation and Education Centre to help raise funds to support the Centre’s Green sea turtle conservation programmes.

The Cayman Islands government announced the reduction of the quarantine period to five days for incoming travellers to the Cayman Islands who have completed an approved course of vaccination against COVID-19 that can be securely verified.

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The measure will come into effect on 23 June 2021, the Government will present a border-reopening plan in the next few weeks, Premier Wayne Panton said at a press conference on Wednesday.

“Our plan is based on a number of people vaccinated. Once we do reopen our border, and we will, in our plan slowly reintroduce tourism without having thousands of people at the airport.”

Now let’s shift our attention to the works on the Signature Development One development that have taken place over the past several weeks.

Kerbing to entrance is completed.

Lake edge band complete to east, west and south side.

Lake excavation is now completed, excavated material is being deposited onto the lots.

Electrical and telecoms conduit installation is completed to the south and east of lake and 2/3rds of west side of lake. The water services are completed and pending the sign of by the Water Authority.

Despite the pandemic, market activity last year was only slightly below that of 2019. This year, real estate sales are “off to the races”. Property transfers during the first four months of 2021 have significantly exceeded the same periods in previous years both in the number and the value of transactions.

Figures from the Cayman Islands Real Estate Brokers Association (CIREBA) confirm the trend for the residential market.

Quoting the latest CIREBA statistics at the 2021 RICS Cayman Real Estate Forum on Friday, Bovell noted there were $120 million in CIREBA sales in March, the highest single-month transaction volume.

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We are looking forward to bringing you more good news and seeing you in the Cayman Islands when the boarder opens. Please remember our concierge service is free of charge to all of our valued customers, once you are ready to visit please register your dates with our office on info@signaturecayman.com.

May we thank you for your business and we look forward to working with you in the future.