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TCI Realtors sell over $290 Million despite COVID-bust to tourism

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#TurksandCaicos, February 8, 2021 – In reviewing the past decade of a buoyant real estate industry; 2020 surged ahead of 2018 as second best, according to the Market Report Year in Review Comparison published by Turks and Caicos Sotheby’s International Realty and it meant realtors banked an impressive $290,223,626 in sales despite the dismal impact of Covid-19 on travel.

“The 2020 TCI real estate market performed better than we ever could have hoped for in the context of COVID–19, a four-month country-wide shut down and stringent travel requirements,” informed the Market Report circulated in mid-January 2021, which added, “With airports and resorts closed, and most commercial planes not flying, the luxury market was, quite urgently, seeking out real estate!”

Resulting in record vacant land sales and multi-million dollar closes on signature properties in the British  overseas territory, the Report attributes the banner year to a reduction in stamp duty. 

The reduction was one of the Government’s revenue raising measures as the coronavirus pandemic robbed the country of critical tourism earnings.

“Quarter two, (led by the sale of a couple of a trophy properties and several new development villa sales) was also assisted by welcomed stimulus from the TCI Government with a concession halving stamp duty for the second quarter. This helped us close sales during this torturous time for our hotel, resort and villa rental partners grappling with the border’s closures. And this is really the first time in our history that our real estate industry has not been so directly tethered to tourism flow,” informed the Market Report.

The report, fueled by statistics from the Turks and Caicos Real Estate Association, (TCREA) informs that 323 listings brought in a whopping $290,223,626 in sales; an average of $898,525 per close.

Showcased as the most significant, big pay day sales for 2020 were:  Emerald Pavilion sold for $13 million; Bajacau sold for $18.8 million; Amanyara Villa 16 sold for $6.75 million; Dream Big Villa sold for $5.75 million; Long Bay House sold for $5.825 million and Cerulean for $4.8 million.

Land sales in 2020 topped 2019; the fourth best performance for Turks and Caicos in the past decade. 

The Turks and Caicos Market Report illustrated that over $63.2 million in vacant lots was earned from 168 listings.

It was a 4.4 percent increase over the year prior.

“Within the 168 sales there were 14 land sales over $1M and the overall average price, as noted on the graph, has experienced a slight increase. Nine beachfront parcels, three in Leeward and six in Long Bay transacted in 2020. The Bight experienced an uptick in sales which were predominantly along Leeward Highway. Leeward’s growth continues with construction throughout and continued land sales as noted below. Discovery Bay shows steady land sales and we predict this will increase with the plans for road pavement along with the recently launched new development, The Strand, in Cooper Jack. Long Bay was the winner again this year posting 42 land sales. The outer-islands recorded land sales in North, Middle, West Caicos, Grand Turk & Ambergris Cay.”

The Ministry of Finance reported increases as well for the public purse due to stamp duty. 

“Stamp Duty on Land Transactions for the quarter was $2.2 million and totaled $12.8 million at the end of the second quarter which was $3.4 million ahead of the estimates,” reported Premier Sharlene Robinson, TCI Minister of Finance in an October 27, 2020 update to the nation.

The 2020 Stamp Duty Waiver for real estate purchases was available from September 20th through to December 20th, and was offered in three tiers, namely:  a 75 percent reduction of stamp duty on property valued up to $2 million, made between September 21st and October 20th; a 50 percent reduction of stamp duty on property valued up to $2 million, made between October 21st and November 20th and a 25 percent reduction of stamp duty on property valued up to $2 million, made between November 21st and December 20th.

Fifty-seven condominiums were sold to top 2019; leading the sales were luxury condos at Grace Bay Club; The Palms;  Ocean Club; The Regent Grand and the Shore Club.

“Condominium sales performance finished the year end with a slight increase after the significant drop in sales volume last year. The average price increased by 37 percent due to the sale of several luxury re-sale condominiums. The sale-to-list ratio remained high at 92 percent and the overall-average price per square foot increased slightly to $488. The price per square foot for condominiums over $1M was $661 and over $3M was $780.”

Condo sales volume boomed by 15 percent after a review of 2020.

Interest continues to abound in 2021 for the alluring alternative life Turks and Caicos real estate listings offer, despite the end to stamp duty concessions. 

The Report explained the remarkable performance is due to these truths:  “They want quality, the ease-of-use and access and security, and are less motivated by rental income opting for personal use and long-term capital appreciation. As a Hamptons real estate agent said in early summer, “life plans changed in a weekend”, and while that may be an overstatement for this market, it is clear that buyers (and most existing TCI property owners) have put their umbrellas in the sand with a clear intention: They really want to be here!”

In Y2020, 93 private homes were sold; more than 16 of them sold for $3 million dollars and nearly 30 percent of those single family homes were in the villa development category.

Independent writer

Born Here, Raised Here, but Still Unable to Vote: Is this a Conundrum for TCI Electorate?

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By Ed Forbes

 

The Turks and Caicos Islands faces a growing demographic and democratic question that can no longer be ignored: What happens to young people born and raised here who reach adulthood without qualifying for Turks and Caicos Islander Status, and what does this mean for our country’s future?

This is not simply an immigration issue. It concerns population growth, national identity, political representation and the future relationship between the people who call these Islands home and the system that determines who can participate in our democracy.

Consider a young person born in TCI, educated in our schools, raised in our communities and now working, paying taxes and contributing to the economy. At 18, that person may hold British Overseas Territories Citizenship (BOTC) but still lack Islander Status and, consequently, the eligibility required to register as an elector.

Section 55 of the Turks and Caicos Islands Constitution Order 2011 establishes the qualifications for voter registration, including the requirement to be a Turks and Caicos Islander. Being born here, growing up here or holding BOTC citizenship does not automatically satisfy that requirement.

Of course, birth in the Islands does not automatically confer Islander Status. The law provides different routes based on parental status, nationality, residence and other qualifying circumstances. We must respect those laws while asking whether they adequately address the realities of a population that has changed considerably over the past two decades.

The numbers make this discussion increasingly urgent.

According to Government population estimates, the TCI population grew from approximately 33,500 in 2011 to 47,674 in 2022. The Government’s 2025 projection placed it at approximately 52,299. That represents projected growth of roughly 56 per cent between 2011 and 2025.

Published demographic information has also suggested that fewer than one in four residents holds Islander Status. A separate comparison of the 2022 population estimate and the 2023 registered-elector list placed registered electors at approximately 19 per cent of the population.

These figures measure different things and come from different years. They should not be confused with the percentage of eligible voters who actually cast ballots. Nevertheless, they raise an important question: How will our electorate evolve as the population continues to grow?

We should not assume that every non-Islander resident is eligible for status, or that everyone without status was born here. Equally, we cannot ignore young people who may have spent their entire lives in these Islands yet remain outside the electorate because they cannot satisfy the existing requirements.

This situation did not begin yesterday. Children born here 15 or 20 years ago are now adults. Some may qualify under existing provisions but need assistance navigating the application process. Others may have no available route under current legislation. We need reliable figures to understand the scale of each group.

With the next general election roughly two and a half years away, the time to act is now.

The Government should not wait until an election is approaching to discover how many people may qualify to register, how many remain excluded and whether legislative changes are needed. Islander Status applications and potential legislative reforms can involve lengthy processes. Any necessary changes require legal examination, consultation and sufficient time for implementation.

I propose that the Government work with the Islander Status Commission, immigration authorities and the Elections Department to conduct a comprehensive review of TCI-born adults who do not hold Islander Status. The review should establish how many qualify under existing provisions, how many have been refused or cannot apply, and the specific legal barriers involved.

Where a lawful pathway already exists, the Government should make it clear and accessible. Where genuine gaps remain, it should consult the public on whether a defined pathway should be established for qualifying individuals born, educated and lawfully raised here, with appropriate safeguards.

This is not a call to grant status indiscriminately or disregard immigration controls. It is a call to examine the consequences of our existing framework and determine whether it serves the long-term interests of the Turks and Caicos Islands.

Let’s face it, a growing migrant population, an ageing Islander community and successive generations of young people whose electoral eligibility may be restricted present questions that deserve serious, evidence-based consideration.

We cannot change the past, but we can decide whether to confront this issue today or leave it for another generation. I strongly believe, voting eligibility is more than a right; it is a pathway to inclusion and a stake in our country’s future.

The question is no longer whether this deserves public discussion. It is whether we are prepared to begin in time to make informed decisions before the next election and beyond.

The clock is ticking. Let us establish the facts, examine the law and find a fair, lawful and sustainable way forward.

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News

Beaches Turks & Caicos gives Enid Capron Primary a pre-term facelift

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PROVIDENCIALES, Turks & Caicos Islands: — Beaches Turks and Caicos has refreshed the grounds of Enid Capron Primary School in Five Cays, Providenciales, ahead of the new school year, with a landscaping team from the resort, pruning and cutting back overgrown branches to give the campus a cleaner, safer look.

The project focused on the school’s exterior plantings, where tangled growth had begun to encroach on walkways and outdoor learning areas. The team spent time trimming hedges, thinning dense shrubs and removing deadwood to improve sightlines and airflow around the buildings.

Assistant Landscaping Manager, Kemar Jones said the work at Enid Capron is a regular priority for the department, which views community giving as a core part of its mandate. He noted that supporting local schools, particularly through hands-on environmental work, has long been a focus area for his team.

Jones, said the effort reflects the group’s wider commitment to the islands. “As a team, our goal is to give back to our communities and especially providing support for the environment and education,” Jones noted. “The team is always ready to share our skills with making the school environment more comfortable for our students and teachers.”

General Manager Deryk Meany framed the project as part of Beaches’ broader approach to working alongside the community beyond the resort gates. “At Beaches Turks and Caicos, we operate as a team not only within the confines of the resort but also with our communities,” Meany added. “Being able to share our varied skills is always our main focus. Providing a comfortable learning environment allows for a greater relationship with our educational collaborators.”

He added that the resort seeks opportunities to support range of school-based initiatives, from environmental and leadership clubs to creative programmes.

Minister of Education, Youth, Sports and Culture Hon. Rachel Taylor described the landscaping mission as a continuation of a long-standing relationship between the Ministry and Beaches Turks and Caicos. “This mission from our major private sector supporter, Beaches Turks and Caicos is a long standing activity,” Taylor said. “At Enid Capron Primary School, we are treated as family. Once we reach out to the resort, they have always responded in a positive way.”

Hon. Taylor said the support is particularly valuable in the areas of education and community development, where consistent private-sector engagement can amplify government efforts.

Nelene Swann, vice principal at Enid Capron Primary welcomed the refreshed grounds as a boost to morale before classes resume. “This is what true collaboration looks like,” she noted. “This is more than a facelift for the school. The team from Beaches Turks and Caicos has shown true commitment in adding to this learning environment for our students and teachers.”

She said the improved landscaping contributes to a more comfortable and inviting campus for all stakeholders. “This is a good way to start the new school year. This facelift will certainly make the facilities here at the school more appealing to our students, teachers and parents.

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Education

TCICC Earns International Recognition at Ignition Community Conference 2026

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Dr. Daniel at the Ignition Community Conference (ICC) 2026 with award in hand alongside Travis Cox -Chief Technology Evangelist / Inductive Automation

Providenciales, Turks and Caicos Islands – Friday, 9 October 2026: The Turks and Caicos Islands Community College (TCICC) has earned international recognition after receiving the 2026 Educational Engagement Firebrand Award at the Ignition Community Conference (ICC) 2026.

The College was represented by Dr. P. Vijay Daniel, Lecturer in the Faculty of Computing, Engineering and Mathematics, who presented TCICC’s Island Smart Utility Platform project before an international audience of industry professionals, system integrators, educators, researchers and technology experts.

Organised by Inductive Automation, ICC is an international conference focused on industrial automation, technology, system integration and innovative applications developed using the Ignition platform.

TCICC’s award-winning project integrates Ignition with affordable ESP32 microcontrollers to support sustainable agriculture while providing students with hands-on experience in Internet of Things (IoT), Supervisory Control and Data Acquisition (SCADA) and automation.

The project was also featured in the conference’s Discover Gallery, providing TCICC with an opportunity to showcase its work to approximately 1,900 attendees from across the international industrial automation and technology sectors.

Speaking to the significance of the achievement for education and innovation in the Turks and Caicos Islands, the Honourable Rachel Marshall Taylor, Minister of Education, Youth, Sports and Culture, remarked:

“I congratulate Dr. P. Vijay Daniel and the Turks and Caicos Islands Community College on this outstanding achievement. Recognition on an international platform demonstrates the talent, innovation and potential that exist within our education system. Initiatives such as the Island Smart Utility Platform show how education, technology and practical learning can work together to prepare our students for the opportunities of the future.”

The recognition also reflects TCICC’s continued commitment to strengthening applied, innovative and technology-driven education while preparing students for an increasingly digital workforce.

Reflecting on what the achievement represents for the College and its students, Dr. Candice Williams, President/CEO of the Turks and Caicos Islands Community College, stated:

“This recognition is a significant achievement for TCICC and reflects our commitment to providing students with meaningful opportunities to apply what they learn in the classroom. We are extremely proud of Dr. Daniel and the work being undertaken within the Faculty of Computing, Engineering and Mathematics. This award demonstrates that innovation taking place at TCICC can achieve international recognition and contribute to the continued development of the Turks and Caicos Islands.”

For Dr. Daniel, the conference provided an important opportunity to share TCICC’s work internationally while engaging with professionals and experts from around the world.

Sharing his experience of representing the College on the international stage, Dr. Daniel said:

“Representing the Turks and Caicos Islands Community College at ICC 2026 was a proud and meaningful experience. Presenting our project in the Discover Gallery and receiving the Firebrand Award for Educational Engagement was especially rewarding because it recognised the work we have been doing with our students.

To see TCICC and the Turks and Caicos Islands represented on such a major international platform was truly special.”

Dr. Daniel also expressed appreciation to the Management of TCICC for its continued support and for providing him with the opportunity to represent the College internationally.

PHOTO CAPTION:

Insert: Dr. P. Vijay Daniel and Mr. Menelik Astwood (Chair of Faculty for Computing, Engineering and Mathematics).

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