APS holds info sessions on Welgelegen Homes Project

APS Director Nadya van Putten speaking at a recent information session regarding APS’ housing project, which will be called “the Oryx Residences.”

CUL DE SAC–The general pension fund administrator APS has conducted several information sessions on the Welgelegen Homes Project over the past weeks.

Attendees included persons who have indicated their interest in the APS housing project, which will be known as the Oryx Residences.

During the sessions Michele Noll and Alexandra Osterholt of Key Real Estate provided information to prospective homeowners, many of whom are first-time home buyers. The sessions also cover the project timeline, mortgage lending, home ownership and other relevant information; it was stated in a press release.

Noll and Key Real Estate are striving to make information clear and available. “We would like all the participants to join us at these sessions to obtain important information on the process of becoming a first-time homeowner,” Noll said.

“APS takes an active role in these sessions as well, by sharing with participants our reason for developing the housing project. We feel it’s important to help get St. Maarten residents into their own homes. People still want to own a piece of this paradise island,” APS Director Nadya van Putten said.

The project will allow pension fund participants to benefit from being members of the fund during the active stage of their careers, instead of having to wait until reaching retirement.

The APS housing project envisions construction of 62 units, 44 of which will be two- or three-bedroom townhouses. The project further includes 18 apartments of 1, 2 or 3 bedrooms. Sales prices depend on the size of the unit. However, the maximum price will not exceed US $250,000 for the largest units. The project will be a gated community with the layout and design promoting a community atmosphere with a central outdoor area where neighbours can come together whenever they so desire.

The pension fund said it is convinced that the project will give persons the opportunity to invest their hard-earned money in a quality home, built with quality materials, in a quality location, at an affordable price.

Van Putten said APS continues on a path to contribute to relieving the post-Hurricane Irma housing shortage in St. Maarten by building more homes and fast-tracking ongoing housing development projects. Barring unforeseen circumstances, the project is scheduled to start in the second quarter of 2018.

APS has already committed itself to stimulating the economy by engaging local (sub)-contractors in this and other future development projects.

Source: The Daily Herald https://www.thedailyherald.sx/islands/73445-aps-holds-info-sessions-on-welgelegen-homes-project