Coastal Rim Properties Inc (CRP), in partnership with Guyanese Attorney Sanjeev Datadin, has launched TAJ Emerald, a 300-unit gated condominium development on the East Bank of Demerara, with prices starting at US$110,000 (G$25 million).
The development is CRP’s third major residential project in Guyana and is located near TAJ Diamond along the newly-completed Buzz Bee Dam Highway.
As part of the launch, CRP announced a special homeownership initiative reserving 30 units for public servants, including members of the Guyana Police Force, nurses, teachers, junior public servants and other frontline Government employees.
Under the initiative, successful applicants will be required to make a five per cent down payment, amounting to US$5500 on a US$110,000 unit, with financing offered at a flat four per cent interest rate for up to 30 years. CRP said all financing for TAJ Emerald will be provided directly in-house.
Public sector workers interested in the initiative can apply by emailing a copy of their identification to mycondo@tajguyana.com. A random drawing from eligible applicants will be held in the first week of September, after which the selected 30 individuals will be processed for their units.
CRP Principal Giovanni Mola said the initiative was intended to recognise the contribution of public servants while providing them with a path to homeownership.
“Our teachers educate our children. Our nurses care for our families. Our Police protect our communities,” Mola said.
Labour and Manpower Planning Minister Keoma Griffith welcomed the initiative, describing access to housing as important to workforce retention.
“When a nurse, a teacher or a Police Officer can own a home on a public servant’s salary, we retain talent, we reward service, and we strengthen the very institutions that hold this country together,” Griffith said.
The public-servant initiative forms a small portion of the wider development, which is primarily targeting the general market.
Initially, 50 market-rate units will be released at introductory prices. Approved buyers will be required to make a 30 per cent initial deposit, with the remaining financing offered at a flat four per cent interest rate for up to 30 years.
CRP said subsequent phases will be released at updated prices once the initial 50 units are sold.
TAJ Emerald will comprise two-bedroom condominiums with controlled access, security patrols, dedicated parking and professionally-managed common areas. Site works have already begun, with initial delivery scheduled for Spring 2028.
Nicola Mola of CRP said the development was designed to incorporate the company’s engineering and development standards in its projects in Guyana and the United States, including underground stormwater drainage, modern infrastructure, and controlled access.
TAJ Emerald is the third major residential project being undertaken by CRP in Guyana.
TAJ Dream Ogle is a 1000-plus-unit development co-developed with NBA Hall of Famer Hakeem Olajuwon, while TAJ Diamond, a 218-home gated community near TAJ Emerald, has entered vertical construction.
According to CRP, the three developments together represent more than US$550 million in planned private residential investment.
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