Finance Minister Perry Geerlings speaking to contractors and APS representatives about the project.
Minister Geerlings walking through the property.
Minister Geerlings inside one of the two-bedroom apartments.
CAY HILL–Finance Minister Perry Geerlings was updated on Thursday on the progress of the General Pension Fund APS project Oryx Residences in Cay Hill.
The project is 60 per cent complete, according APS, and should be completed at the end of the summer this year.
Geerlings did a walk-through of the property and received a progress report from contractor Liccom and APS management. The Minister said he was satisfied with APS’ decision to invest in the development of homes for residents.
“This means that those paying into the pension fund such as teachers and police officers along with government administration workers can have the opportunity to benefit from the fund even before entering pension age, and become homeowners, which by itself is a great achievement,” Geerlings said in a press release issued Thursday night.
During the tour, Geerlings visited one of the 44 town houses which is almost complete. The town houses consist of two- and three-bedroom homes. He also visited an apartment complex located on top of a parking structure built for residents. There are 18 apartments: three one-bedroom homes, three three-bedroom homes and the remainder are two-bedroom homes. There will be a common area in the centre of the facility.
The idea behind the design of the complex is to recreate the St. Maarten community style of living. It is located on the outskirts of the compound creating an enclosure, making it a private residential area with secured access.
“The complex is impressive and a new concept for St. Maarten that offers a very high-quality product to potential homeowners,” Geerlings said.
Persons interested in becoming owners of any of the Oryx Residences are encouraged to visit the APS office and apply.
In attendance for the guided tour were APS projects manager Kendra Arnell; APS Managing Director Nadya Croes-van Putten; Hans Hootsmans, Andre Sneep and Henk Van den Heuvel of Liccom; and Jelle Janssens of APS. Geerlings was accompanied by Cabinet of Finance Director Wilgo Lieveld.
Source: The Daily Herald https://www.thedailyherald.sx/islands/86018-geerlings-updated-on-aps-oryx-residences