{"id":236785,"date":"2025-05-13T07:40:09","date_gmt":"2025-05-13T11:40:09","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=236785"},"modified":"2025-05-13T09:04:08","modified_gmt":"2025-05-13T13:04:08","slug":"government-to-sell-serviced-land-at-a-loss-to-empower-citizens","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/government-to-sell-serviced-land-at-a-loss-to-empower-citizens\/","title":{"rendered":"Government to Sell Serviced Land at a Loss to Empower Citizens"},"content":{"rendered":"
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Prime Minister Gaston Browne<\/a><\/strong> has announced that the government is intentionally selling serviced land at a financial loss as part of its broader strategy to promote homeownership and build generational wealth among Antiguans and Barbudans.<\/p>\n\n\n\n

During a weekend radio broadcast on Pointe FM, Browne disclosed that the government is purchasing land at approximately \\$7 per square foot and investing an additional \\$6 per square foot in infrastructure, including roads and underground utilities.<\/p>

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However, these fully serviced plots are being sold to citizens for as low as \\$8 per square foot.<\/p>

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\u201cThis is a deliberate move to empower our people economically,\u201d Browne <\/a><\/strong>said. \u201cEven though the government\u2019s total cost is around \\$13 per square foot, we\u2019re absorbing the difference to ensure that locals can afford quality land.\u201d<\/p>\n\n\n\n

The prime minister encouraged citizens to take advantage of what he described as a rare opportunity to secure valuable property, warning that failure to act could result in prime real estate being acquired by foreign buyers.<\/p>

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He also pushed back against critics who have demanded lower land prices, arguing that expectations of \\$5 per square foot were unrealistic given the government\u2019s upfront investment.<\/p>\n\n\n\n

\u201cWe are subsidising these lots for the benefit of our people,\u201d Browne said. \u201cIf we want to build national wealth and resilience, we must encourage ownership and investment in real estate.\u201d<\/p>

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The initiative is part of the ABLP administration\u2019s broader policy to expand access to land and housing while supporting economic mobility across the country.<\/p>

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CLICK HERE TO JOIN OUR WHAT\u2019S APP GROUP Prime Minister Gaston Browne has announced that the government is intentionally selling serviced land at a financial loss as part of its broader strategy to promote homeownership and build generational wealth among Antiguans and Barbudans. During a weekend radio broadcast on Pointe FM, Browne disclosed that the […]<\/p>\n","protected":false},"author":12,"featured_media":236811,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-236785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nBrowne's Land Sale Strategy to Boost Homeownership - Antigua News Room<\/title>\n<meta name=\"description\" content=\"Prime Minister Gaston Browne reveals the government's strategy to sell land at a loss to empower Antiguans and Barbudans.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/government-to-sell-serviced-land-at-a-loss-to-empower-citizens\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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