New Kingston

Jamaica's financial and corporate heart, high-rise condos, hotels and the capital's best rental liquidity.

Updated June 17, 202611 min read

About New Kingston

New Kingston is the commercial core of the capital, a compact grid of bank towers, corporate offices, hotels and Emancipation Park. It is the most rental-liquid address in Jamaica for long-let demand, with a constant stream of corporate tenants, professionals and diplomats who pay premium rents for walk-to-work apartments and serviced condos. This is the country's purest income play. Condos and apartments run from roughly US$200,000 to US$600,000, around US$250-$350 per square foot, with gross yields near 8%, the highest urban figure in Jamaica per Numbeo's centre-city data. Appreciation has tracked about 6% annually with limited developable land downtown. Foreigners buy freehold with no permit; budget 2% transfer tax and legal fees of 1.5-3%.

Location

New Kingston in Kingston, Kingston and Saint Andrew Parish, Jamaica

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  • Lifestyle scores
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  • Investment and pricing

Figures are indicative and subject to change. Regulations, taxes and market conditions vary by jurisdiction. Do your own due diligence and seek independent legal and financial advice.

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