Prospect Ridge Community For Young Professionals Serviced Lots

Please view our list of frequently asked questions.
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Frequently Asked Questions

At the time of application, the resident must be resident in The Bahamas.

The community is being developed for first time home owners only.

Bahamians who reside on a Family Island may apply. However, if you already own a home, you are not eligible to apply

Joint ownership is permissible once all the criteria are met.

Presently under the Access to Affordable Homes Act 2018, building materials necessary for the construction of homes on a Serviced Lot are exempted from customs duties and excise taxes. This exemption is applicable for a period of two years. An extension may be granted at the Minister’s discretion. Additional concessions are also being considered by the Government.

The Government will reserve a right of first refusal for any sale of the property.

If you did not apply for a duplex or townhouse it is anticipated that the house will be your primary residence for a minimum of 10 years.

You will be notified after the review and selection process is complete.

No

No, the programme is for first time home-owners only.

The following review process timeline is anticipated:

Time period for persons to submit their applications - 1 July to 1-15 August Applications reviewed for eligibility - 16 August to 30 September Successful applicants identified - 1 October to 15 October

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Poinciana House North Building, First Floor 31A East Bay Street Nassau, The Bahamas

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