Government authorities have confirmed a significant USD 20 million housing initiative in collaboration with the Taiwanese government, aimed at empowering local prospective homeowners.
During a media briefing on Monday, Prime Minister Philip J. Pierre emphasized that this venture will directly benefit public servants and private citizens, enabling them to secure ownership of land and property in the country.
“The funds will be disbursed through the Saint Lucia Development Bank (SLDB),” the Prime Minister stated unequivocally.
“We fully expect public servants to seize this opportunity, as we’ve set a $400,000 cap on any mortgage with no stamp duty, and we’ve eliminated VAT on building materials,” he added.
