Public can still submit suggestions on land policy – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

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Public can still submit suggestions on land policy

National Security Minister Wayne Perinchief is reminding people to send in their thoughts on land policy ahead of his proposed review.

Mr Perinchief said 15 submissions from the public have so far been received, and that other opinions are welcome at landreview[AT]gov.bm

“We are very interested in hearing from the public on these important issues and I look forward to receiving the recommendations of the working group,” said the Minister in a statement.

People are asked to respond to the following questions:

“Does the state of the market presently support the creation of three bands of annual rental value (ARV) as a guide to land holding policy and the sale/purchase of land, differentiated by nationality or status?”

“Can the fee of 18 percent for the purchase by PRC holders be reduced to stimulate this sector of the real estate market?”

“Can the moratorium on the acquisition of land by PRC holders be relaxed to permit the purchase of condominiums that are not Government-owned and not within a certain ARV bracket?”

Can the policy on the acquisition of land by non-Bermudians be stated more clearly to eliminate differences in interpretation between relevant stakeholders?

You must be Registered or to post comment or to vote.

Published August 16, 2011 at 2:00 am (Updated August 16, 2011 at 9:25 am)

Public can still submit suggestions on land policy

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