EDITOR, The Tribune.

Recently Sir Sol Kerzner, owner of The Reef Condo/Hotel project located on Paradise Island, saw the need to stimulate sales activity in a soft market by reducing the established asking prices of the condos by 40 per cent. This represents prices at pre-construction levels when The Reef was being built. Why do this? In a soft real estate market tough decisions that make fiscal sense need to be made to stimulate buyers to take the risk to invest.

My question is what has our recent Government done to stimulate real estate sales for our economy? The government has done the complete opposite.

(1) They have increased the Stamp Duty across the board by 2 per cent with the high e ...

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