Turks and Caicos Hotel and Tourism Association – Destination Video 2022

The Turks and Caicos Hotel and Tourism Association – Mission Statement:

Through involvement and cooperation with our Tourism partners the Turks and Caicos Hotel and Tourism Association (TCHTA) is dedicated to the achievement of sustainable growth in Tourism for the benefit of its members and the wider community, while protecting and enhancing the unique character and environment of the Turks and Caicos Islands.

TCHTA Website

TCHTA YouTube Channel

Turks & Caicos Sotheby’s International Realty is proud to be a member of the TCHTA since it’s inception with our President Joe Zahm one of the founding members. The TCI has a strong and resilient island community with an inviting landscape and inviting people. We look forward to welcoming you to our beautiful by nature islands.

https://www.turksandcaicossir.com/eng

TCI Real Estate Seeing New Development Expand As We Head Towards Another Record Year !

2022 Turks and Caicos Real Estate – 3rd Quarter Year-To-Date Comparison

With the exception of 2021, the 3rd Quarter is historically our quietest quarter due to the back-to-school and hurricane seasons, to be followed by a significant uptick in 4th Quarter as we gear up for our busy season. As such, Q3 2022 is proving to be more in line with previous years’ activity and still in line with pre–covid peaks.

As illustrated in this report, real estate sales are still holding steady alongside an exceptional 2021. For this 3rd Quarter 2022, the overall graph has been broken down into sales volume by quarter for each of the past four years, indicating the ebb and flow of volume through each quarter. Pending deals that are slated to close out at year-end 2022 currently place the real estate market 38% ahead of 2019 year-end sales volume which was a record year itself. Considering the pending sales on the MLS, projected 2022 year-end sales volume will be very close to $500M and represents another record year in the making.

Within the 2nd Quarter report, we mentioned that several developers have exciting projects on the forefront which will be launched very soon that will help bridge the gap to sustain our market’s decade-long momentum. We are happy to present these new developments in the pages of our report which include a mix of pre-construction offerings. New Development is essential in real estate and we are entering a new wave of extremely high-quality projects from legacy developers, including ARC and NIVA from Windward Developments (Blue Cay, South Bank), a re-imagined Villas at Blue Mountain by Hartling Group, and the soon-to-be announced Grace Bay Resorts project next door to Point Grace.

On the community front: The “Footsteps 4 Good” Charitable Event kicked off on October 21st. The event is a 224-mile circumnavigation of the beautiful by nature Turks and Caicos Islands over 13 days, touching 24 islands and cays. The water wading, swimming, walking, running, biking, kayaking and rowing island-hopping charitable event is hosted under the patronage of Mrs. Mandy Dakin, wife of His Excellency Governor Nigel Dakin. The charitable event was started by Jill Beckingham, wife of previous governor, Peter Beckingham. Mandy Dakin promised to restart the venture but with an ambitious twist covering the full length of the Islands: Providenciales through to North, Middle, East and South Caicos, then crossing to Grand Turk, Salt Cay, and finally completing the circle back to Providenciales via Sand Cay, Ambergris Cay, French Cay, and West Caicos. “The event builds on community spirit. United we are all stronger and can achieve amazing results. Not everyone is a marathon runner, but everyone knows how to walk. What could be better, raising money for our favourite charities whilst improving our health and fitness.” Stated Mandy Dakin in a recent article on The SunTCI. For more detail link to The Sun TCI News article here. You can also follow the progress of this amazing journey on Instragram @footsteps4goodtci

We are thankful as always for the support of our clients and community and look forward to welcoming you to our shores this fall and festive season.  

Download the full report with one of the links below.

Link to PDF Report

Digital Flip-Book Link Here

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

The Strand Turks & Caicos Construction Update – September 2022

The Luxury Residences are steadily changing the landscape of Cooper Jack Bay as the video provided below shows all of the exciting work that has been accomplished thus far.

Luxury R3 has all windows and doors installed, as well as all plumbing and electrical above ceilings, while Luxury R2’s ground floor slab is poured and walls are forming. Meanwhile, Luxury R7’s main pool base and walls are poured, and the main house ground floor slab will be poured this week. Luxury R1 has its retaining wall in place and work has begun to prefabricate the main house columns.

As for The Villas, Villa ‘A’ Building retaining walls are forming. The pools have been excavated and they will be prepping to pour the ground floor. At the same time, they are building out The Strand kitchen and restaurant area. The first of its kind in Provo, the kitchen will have a living green roof that will blend in with the native vegetation above. But they didn’t stop there—the dining experience at The Strand will also be a first-of-its-kind, with the dining tables on the iron shore edge overlooking a sugar sand beach and the Caicos Banks beyond.

Villa ‘B’ Building is set to start, at which time construction of the Main Pool area will begin. A combination of Old World-inspired stone walls, lush greenery, and your own loungers tucked into the limestone will give you the feeling that you have found your own Caribbean sanctuary.

With three of the custom lots reserved for Grand Residences they are beginning to extend utilities to the East of the development in preparation for these unique properties. The Main Parking retaining walls along Cooper Jack Road are up, and the retaining walls around the Clubhouse entry are being formed.

Link to listings for The Strand Turks & Caicos

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay, Providenciales.

“Footsteps 4 Good” Charitable Event Set For October 21st, 2022, Turks & Caicos Islands

Mrs. Mandy Dakin

Footsteps 4 Good, the water wading, swimming, walking, running, biking, kayaking and rowing island-hopping charitable event hosted under the patronage of Mrs. Mandy Dakin, wife of His Excellency Governor Nigel Dakin, is set to take place beginning October 21st, 2022.

Footsteps4Good is a 224-mile circumnavigation of the beautiful by nature Turks and Caicos Islands over 13 days, touching 24 islands and cays.

The charitable event was started by Jill Beckingham, wife of previous governor, Peter Beckingham. Mandy Dakin told The SUN after meeting Jill in 2019, she promised to restart the venture but with an ambitious twist.

“After meeting Jill in 2019, I promised to restart the venture but with an ambitious twist. John Galleymore #OneTCI, a seasoned explorer of the Turks and Caicos Islands who has a wealth of experience and adventures walking, rowing, and camping throughout the islands, mapped a challenging route to allow everyone and anyone to participate in this fantastic opportunity to do as much or little as they wish. The trip covers the full length of the Caicos Islands: Providenciales through to North, Middle, East and South Caicos, then crossing to Grand Turk, Salt Cay, and finally completing the circle back to Providenciales via Sand, Ambergris, French Cays, and West Caicos,” she said.

Community walks will be taking place on all of the family islands and persons are asked to come out in full force.

Mandy Dakin said she is so excited to host this year’s event, adding that it could not be done without the help of all of their partners.

“I am really excited and without the help of our partners the Provo Roadrunners, the Red Cross and Interhealth Canada it would not be so easy. So many people have made this event possible. The district commissioners on every island have been tirelessly organising, sponsors have come forward to help with every aspect of the event and of course our police and ambulance service are always on standby to keep us safe. I can’t wait to get going and see how many adults and children will join us on our walk and row through the islands and remember you can do as much or as little as you wish,” she added.

“However, I know what is coming and I know it is going to be gruelling. I remember the blisters on my feet, on my hands and the hours of walking in sand and heat and the sea not always playing ball as we tried to row from island to island. Whilst those memories play out in my mind I do remember the amazing community spirit and support, the opportunity to see nature in all its glory from the sun rising to the sun setting and that is unforgettable. Myself, John Galleymore and Sharon Weil Hornstien will walk the islands being supported along the way by the communities.”

Asked why it is so important to host an event such as this, Dakin said she believes that charity starts at home, and it is important to put others less fortunate, first.

“So if you can spare $1 to help that’s a good thing. We also live in the most beautiful and diverse group of islands where nature is abundant and so many of us have never experienced more than one or two of the islands. It is an opportunity to highlight our, history and environment.”

Dakin said not everyone is a marathon runner, but everyone knows how to walk and that’s a start.

“The event builds on community spirit. United we are all stronger and can achieve amazing results. Not everyone is a marathon runner, but everyone knows how to walk. What could be better, raising money for our favourite charities whilst improving our health and fitness.”

Dakin said last year through everyone’s generosity they managed to raise $47,000 and this year they want to smash that total.

“Entry is $20 to the over 18’s and includes a t-shirt (whilst stocks last), If you prefer to make a donation try the Isle Help App and find Footsteps 4 Good any large donations email fs4gevent@gmail.com and find out how,” she said.

Footsteps 4 Good aims to raise much-needed funds for over 30 local charities focused on the vulnerable and hungry; chronic illness; youth development and empowerment; environment, heritage, special needs and animal welfare.

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By Todeline Defralien, SUN TCI News Reporter, Monday, Oct 17, 2022

Introducing Arc – Elevated Beachfront Living in Turks & Caicos

A New Level. Discover Elevated Beachfront Living

Taking its prominent position at the gateway to South Bank, Arc rises from the sculpted, sheltered resort beach and offers all-encompassing views from its 17 exceptional Sky Villas. Each with seamlessly connected landscaped Air Gardens, these new residences offer a secluded lifestyle experience of sky, sea, nature and space.  At home in their dramatic setting, the Sky Villas welcome all-encompassing views of the Caicos Bank and the ever-changing scene of the vibrant South Bank ocean lifestyle.

A Rare Lifestyle Experience

Wellness, nature, and adventure form the very essence of the experiences at South Bank. Arc features a restaurant and bar, gym, two pools, jacuzzi, owner’s lounge, board room, garden firepits and a boardwalk leading to the cabanas on the pier. Within the main resort, Arc residents also benefit from the lagoon-side rejuvenating spa and gym, ​effortless boat concierge service and Clubhouse restaurant and bar. With owner and guest service and facilities expertly provided by Grace Bay Resorts, every day will be an experience to treasure. Experience Caribbean waterfront living at its best, delivered by one of the leading hospitality experts in the Caribbean.

Meet The Architects

Piero Lissoni, Founder and Design Principal at Lissoni®, brings his mastery of contemporary design to South Bank with the unveiling of Arc and its Sky Villas. With offices in Milan and New York, Lissoni® has a thirty-year history in developing international projects. Inspired by a sense of rigor and simplicity, his designs are characterized by a regard for detail, coherence, and elegance. The ideal fit for the South Bank vision. Meet the renowned architect behind the Sky Villas at Arc, as he explains his vision for this inspired reimagining of elevated beachfront living.

Rob Report Article

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay

Link to listing information for the Arc at South Bank

The 65th Annual Caribbean Amateur Golf Championship A Resounding Success

Press Release: August 8, 2022

Location:  Providenciales, Turks & Caicos Islands

The 65th Annual Caribbean Amateur Golf Championship held in Providenciales, August 1st to 5th, 2022, at the Royal Turks & Caicos Golf Club with luxury accommodation generously provided by The Ritz-Carlton Resort, organized by Roberto Stipa of Desarrollos Hotelco Group is now complete.  With an enormous amount of support from the amazing TCI community the five-day championship event was hugely successful.  During the Opening Ceremony held at the golf clubhouse on August 2nd the eight visiting Caribbean nations, including Bahamas, Barbados, Cayman Islands, Dominican Republic, Jamaica, Puerto Rico, Trinidad & Tobago, and USVI were warmly welcomed by His Excellency Governor Nigel Dakin, by Mr Alvin Parker, Director of the TCI Sports Commission and Fraser Dods, President of the TCI Golf Association.  With the practice round also completed that day, the golf tournament was declared open and the highly competitive three round medal play championship event was ready to begin. 

The course conditions were superb, thank you to the course superintendent, Tim Mack, and his greenkeeping crew who worked diligently during each day and the weeks prior to ready the course for this elite event.  The Caribbean Golf Association President, Sydney Wolf from Puerto Rico and the CGA executive team were responsible for the course marking set-up, tournament reporting and officiating. The pin placements provided ample challenges for most competitors and the narrow fairways combined with the prevailing trade winds offered course management encounters for the long ball strikers with the talented players with good course management coming out on top.  This annual championship is primarily a team event with the men vying for the coveted Hoerman Cup and the women competing for the George Teale Trophy.  With the World Amateur Golf Ranking recognizing this as a major amateur championship, awards are also presented to the top players.

The Proshop Staff, led by Sean Wilson and Dave Douglas, worked hard organizing the golfers and team coaches each day delivering impeccable golf services throughout the week as the team players arrived dressed in daily tournament uniforms and the proud coaches displayed flags on their service golf carts in support of their teams. The Food and Beverage Staff at #19 Bar & Restaurant, led by Paul Slattery and Ronnie Rigby, offered outstanding services throughout the week starting with a delicious Caribbean Buffet for the Opening Ceremony and menu options during the week.  

With several months of preparations to organize and manage this event, the TCI Golf Association Tournament Committee along with the dedicated Volunteers were very pleased to watch the Awards Ceremony on August 5th where Puerto Rico successfully defended the Hoerman Cup, and the lovely Jamaican woman’s team captured the George Teale Trophy this year.  The individual awards went to Kelvin Hernandez of Puerto Rico who shot stellar rounds of 72, 68, 70 and Holly McLean of Cayman Islands with scores of 75, 72, 73.  Team TCI finished the week in 7th place out of the nine competing nations in the Hoerman Cup and 5th place in the George Teale Trophy.  In the individual divisions our top player, 15-year-old, Kurt Rivers finished in 14th place and 67-year-old JP Srinark finished in 32nd place out of 50 players.  Top TCI woman player, Andrea Todd completed the event in 9th place out of 20 in the woman’s individual division.  

Congratulations to all involved, in particular our very generous Sponsors and the R&A, without this combined effort hosting this golf championship would not have been possible. The event culminated with a Sunset Sail send off for the visiting Caribbean nations, sailing across Grace Bay with a chance encounter with our very own JoJo!  A beautiful finish to an incredibly successful week by all accounts.

Event TV Slideshow Presentation & Welcome Teams

Tournament Committee Members,

65th Annual Caribbean Amateur Golf Championship,

TCI Golf Association

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https://www.facebook.com/TCI-Golf-Association-185355434818185

@tciga1995

The Strand Turks & Caicos Construction Update – July 2022

A lot has happened at The Strand in Cooper Jack Bay since the ceremonial Groundbreaking on March 25th, 2022.  We recently published a video in social media (https://www.instagram.com/p/CfhEpytqBY5/) revealing that Cooper Jack Bay Road is now entirely paved.  Road paving, as we witnessed in Turtle Tail (paved in 2016), is pivotal to increases in land and property values, with the most recent oceanfront land and oceanfront villa sales garnering a 30+% increase as compared to sale prices of recent years. The completion of Cooper Jack Bay Road was spearheaded by the Developers of The Strand, an ultra-luxury development which will bring tremendous added value to the surrounding neighborhood of Cooper Jack.   

The Strand Luxury Residences

As for the construction updates at The Strand, Luxury Residence R3 is now at roof level with doors and windows being installed and Luxury Residences R2 and R7 are beginning the foundation stage.  Of the six Luxury Residences, R8 is reserved leaving only one residence remaining available, R9 priced from $8.95M.  There are three Grand Residences available priced from $10.5M. The Villas – Building A, is almost fully sold out and will begin construction imminently. The Villas are priced from $2.495M for a 2-bedroom and $3.1M for a 3-bedroom. Other construction milestones will be in the works in the coming months, including the reception building and resort beachfront area.  We are excited about construction progress and sales momentum as we look forward to the future of The Strand and the quality lifestyle it will provide.

Our sales agents joined the development team at The Strand site yesterday to get a close up look on the incredible progress of Luxury Residence R3.

Residences and Villas will have stunning views of Cooper Jack Bay.

An exclusive, sophisticated hideaway in a relaxed coastal setting, The Strand is the first of its kind on the Island with a limited collection of luxury beachfront villas, custom residences, and homesites, alongside access to vibrant community programming and full resort amenities and services. The Beach Club flows into the centerpiece resort-style swimming pool, surrounded by native limestone, and the dramatic water’s edge restaurant and bar. Amenities include access to The Strand’s own Club Boats with a private captain, catamarans, kayaks, and paddleboards, as well as a tennis court, two pickle ball courts, and a state-of-the-art fitness center with a secluded yoga deck. Additionally, a la carte club services include in-home spa services, housekeeping, pre-arrival shopping, private chef and catering, airport transportation, landscape maintenance, an artist in residence program and security. In addition to the beachfront setting, the site offers 1,400 feet of canal and marina frontage, with a full marina and slips for owners, as well as several community yachts slips. The Strand is built from the ground up in the most sustainable way possible. In partnership with Renu Energy TCI, a local leader in solar home integration, The Strand offers solar packages on all its villas, making this development one of the first ultra-luxury community with this level of sustainability in the Caribbean.

Link to listings for The Strand Turks & Caicos

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay, Providenciales.

TCI Real Estate Market Continues to Ride Momentum of Historic 2021

Turks & Caicos Real Estate Market Report – 2nd Quarter 2022 YTD Comparison

As we read through the headlines of each market report, since the tipping point at the end of 2011, one can sense how the momentum has escalated throughout the past decade. Turks & Caicos Islands is no longer a secret and has become the luxury standard for investors and vacation homeowners. These yearly successes have helped our country overcome the odds, firstly in 2017 with Hurricane Irma and then in 2020 with the Pandemic. We remained cautiously optimistic during both of those occasions and now look back with pride for our community, private sector and the TCI Government and the good guidance and support provided by all throughout.   

So how does a real estate market follow such a monumental year in sales? We can look to the financial advisors for their analysis such as the Baker Tilly report, within our Caribbean region, with recent headlines of “Investors Bullish on Caribbean Tourism Boom”. The newly published survey for 2022 is a robust report that shows several indicators that both Banks and Non-Bank Lenders are confident that the Caribbean real estate and tourism growth will continue for the next 12 to 18 months. Link to Baker Tilly Survey Here. What does this mean for Turks & Caicos Islands? Thankfully, several developers have exciting projects on the forefront which will be launched very soon. New developments and emerging re-sale inventory will help bridge the gap to sustain our market’s decade-long momentum. The fast-paced sales cycles witnessed in 2021 and first quarter of 2022 have tapered off in some areas positioning buyers for a hopeful replenishment in depleted inventory.

Another indicator of our sustained and continued growth is Standard & Poor’s affirmation of our country’s sovereign credit rating for long-term bonds, denominated in both domestic and foreign currency, of BBB+. Furthermore, S&P believes the TCI will continue to adhere to prudent financial management and limit borrowing, and that fiscal reserve balances will increase during the next two years. Link to TCI Weekly News Article.  

The gauge where real estate agents have our finger on the pulse is with our clients and owners of TCI real estate. This is the barometer that is at the core and best defines the health and sustained growth of our market. With 85% of TCI real estate owners from North America, we can sense the ebb and flow with investor confidence within our market which is historically linked directly to the USA and NA. 

Now for our current market report for the first half of 2022, the market stats are holding up quite well to last year’s historic run. Condominium sales continue to be strong with a sales volume increase of 42.54%, led by the Rock House completion, Ritz Carlton sales completions carryover and robust condominium re-sales. In 2021, buyers were focused on single family villas until inventory depleted, and now in 2022 they are concentrating on condominiums at all price ranges. The Overall Market finished a mere 10.5 % down over last years’ Q2 with $327,501,259 in total sales.   

Even in the face of world events and economic shock waves led by inflation, TCI continues to see steady demand for quality real estate, though certainly a bit less frenetic than in 2021. Q3 and Q4 will see the launch of significant blue chip new developments, which bodes well for future inventory and our evolving luxury tourism product.  

We welcome you to view the full report for new listings and market graphs illustrating the decade long momentum.  Download the full report with one of the links below.

Link to PDF Report

Digital Flip-Book Link Here

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

Turks & Caicos to Host The Caribbean Amateur Golf Championship

Press Release: July 4, 2022

Location:  Providenciales, Turks & Caicos Islands

The Turks & Caicos Islands Golf Association in union with the Caribbean Golf Association are thrilled to announce that the 65th Annual Caribbean Amateur Golf Championship will be held in Providenciales, August 1st to 5th, 2022, at the Royal Turks & Caicos Golf Club.  Nine Caribbean-member countries have committed to sending their ten-best amateur players to vie for the coveted Hoerman Cup – Men’s Division and George Teale Trophy – Ladies’ Division, in a highly competitive three round medal play event.  Competing this year will be teams from Bahamas, Barbados, Cayman Islands, Dominican Republic, Jamaica, Puerto Rico, Trinidad & Tobago, Turks & Caicos Islands and USVI.

The objective of the golf associations is to promote golf throughout their respective countries and, through the sport – to teach the principles of honesty, hard work and responsibility to young people taking up the game. Through the years many junior golfers have risen through the junior ranks, some gaining college scholarships, and a select few – like Stephen Ames now residing in TCI – having very long and lucrative professional careers. The past 2 years have seen a massive resurgence in the popularity of golf, and we are very proud that the TCIGA will host the major Caribbean event of the year. “We look forward to this event being a springboard for the fundraising and promotion of golf within the Turks & Caicos Islands for an enhanced junior development program,” states Fraser Dods, TCIGA President.

Our headline sponsor is the recently opened Ritz-Carlton who have generously provided luxe accommodation for the visiting players. The 5-star Ritz-Carlton on Grace Bay offers multiple dining options and other resort amenities including two pools, spa, fitness center and non-motorized watersports.  The Royal Turks & Caicos Golf Club has kindly cleared the golf schedule for this event to take place and we are indebted to the RTCGC for their support, without which this event would not happen. Dave Douglas, Director of Golf, states, “The Royal Turks & Caicos Golf Club would like to congratulate the Turks & Caicos Islands Golf Association, President Fraser Dods and his committee for their effort and vision required to host this 65th Championship. We are delighted to be their host venue for the third time over the last 23 years”.      

The sponsorship list also includes:  Grace Bay Car Rentals, Graceway IGA, Island Printing, The Wine Cellar, Beaches Turks & Caicos, Misick & Stanbrook, Seven Stars Resort & Spa, Stanbrook Prudhoe, Carlisle Supplies, Miller Simons O’Sullivan, Grant Thornton, BCQS, Grace Bay Resorts, Hartling Group, H20 Resort, Hugh G. O’Neill & Company, Lady Grace, Meridian Trust, Regency-Christies, South Bank, The Agency, Tropical Shipping and Turks & Caicos Sotheby’s International Realty.  Restaurant sponsors include:  Pepper Town Café, SharkBite Bar & Grille, and Somewhere Café & Lounge.  

With planning well under way and TCIGA team tryouts now complete we look forward to hosting this event for the third time.  We are very thankful for all our generous sponsors within the TCI community who always come together to show their support in time of need.  We look forward to celebrating with each and every one of the sponsor’s representatives during the event. 

Tournament Committee Members,

65th Annual Caribbean Amateur Golf Championship,

TCI Golf Association

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https://www.facebook.com/TCI-Golf-Association-185355434818185

@tciga1995

Turks & Caicos 5-Bedroom Canal Front Home Nearing Completion

120 Pinta Lane, designed by COAST Architects, is the newest addition to the well sought-after Leeward Canal community. This sprawling and nearly completed, 5-bedroom, water-front home is situated amongst 0.74 lush acres, with 113 feet of water frontage.  The villa is meticulously designed catering to all the amenities of canal front living, with approximately 80 feet of dock space and water views from every room.

Looking for a new vacation home to celebrate all the upcoming holidays?  120 Pinta Lane provides plenty of entertaining space with the first level interior matched with a spacious, end to end, covered terrace, equipped with a BBQ area, overlooking a large in-ground pool. These indoor/outdoor areas are joined by collapsing doors, and when opened, allow for more than 3,000 SF of living, dining, and entertaining space on the lower level. The kitchen and dining area are equipped with best-in-show, Sub Zero and Wolf appliances. With a 3,700 SF interior and a total of nearly 6,000 SF of finished areas, Pinta Lane’s newest addition is the perfect family vacation home. Additionally, the ample lot allows for a guest house or garage, not currently included in this phase of construction, but available upon request. A turn-key furniture package is also available upon request.

For further detail about 120 Pinta Lane please view our website which includes the floorplans, conceptional renderings and additional construction photos.

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay, Providenciales