The Residences

What amenities and services are included in ownership?

Ownership at the St. Regis Residences offers the opportunity to enjoy coveted access to resort amenities and services including use of the 5 pools, tennis court, pickleball court, 3 food and beverage outlets, a full-service spa, gym, and casino. Additionally, owners can satisfy their need for transcontinental living while reaping returns on their investment by including their units in the resort’s rental management program. Ownership privileges include VIP status with Guest Relations, complimentary breakfast for two daily, discounts on resort services, and the opportunity to participate in Marriott International’s Luxury Residences Hotel Reservation Service, which offers special rates, exclusive amenities and preferential treatment at participating hotel locations around the world.

Do the residences come furnished?

Yes, residence owners benefit from an exquisitely curated furniture package which will be available for purchase around Q1 2027 and is estimated at approximately 8-10% of the purchase price.

What will the furniture package include?

The furniture package offered is a thoughtful selection of materials that tell a story of exquisite living. The package boasts of clean and minimalistic color schemes, with warm hues, complemented by luxurious textures encompassing a meticulously curated design across all spaces. To further epitomize a lifestyle of ease, an additional housewares package including bedding, small kitchen appliances, pots, pans, and utensils are also available to achieve a cohesive interior aesthetic.

Are the condominium residences part of a Home Owners Association or Strata Corporation?

Yes, each residence is affiliated with the Strata Corporation. The Strata Corporation oversees the management and maintenance of the shared property and assets within the strata development and oversees centralized services such as landscaping, refuse disposal and elevator upkeep. This organizational framework guarantees streamlined ownership and serves the collective interests of all owners.

Is the beach private?

Our property is perfectly positioned along 607 linear feet of pristine white sandy beach. While all beach accesses in the Turks & Caicos are public, our dedicated beach area will feature private cabanas and sun loungers that are exclusively available for St. Regis guests and residence owners. Additionally, our dedicated pool and beach team will provide tailored services to guests enjoying our beachside amenities.

Will there be security on the property?

In consideration of the safety and well-being of our valued guests and residents, the property offers twenty-four-hour security.

Will pets be allowed?

Residence owners may have a maximum of two domestic pets with written approval from management.

Do I have to rent my condo?

While having the opportunity to enjoy rental revenue through the resort’s rental program remains one of the key benefits of ownership, it certainly is not mandatory.

Will room service be available?

In-residence dining is a signature St. Regis service and will be available to ensure that you enjoy singular experiences that define new standards of extraordinary living.

Do you have a Kid’s Club?

Designed to ignite curiosity and creativity in our younger guests, The St. Regis Children’s Club will offer a distinctive program that creates unforgettable experiences for travelers of various ages to discover their destination and embrace the joy of play.

Where do residence owners park?

Parking is available at no cost and operates on a first-come, first-served basis. However, residence owners have the exclusive option to acquire garage units on-site for a limited time fee of $75,000.

What is the total number of hotel rooms vs. Residences?

The hotel will boast a total of 162 rooms and each tower will comprise 48 Residences. When will the project be completed?

The anticipated timeframe for completion is aimed for the third quarter of 2027. Following the groundbreaking, it’s standard to allow for a construction period of 36 months before the project reaches completion.

Management

Who will manage the residences? Who will manage rental inventory?

The St. Regis, a brand that prides itself on having the best addresses around the world will manage the resort and residences. St. Regis is dedicated to setting new benchmarks for exceptional living and aims to introduce a new paradigm of luxury living in The Turks & Caicos. Additionally, St. Regis will exclusively oversee the rental program, guaranteeing an elevated experience for both residents and guests.

Are owners who rent required to participate in the rental program?

Owners who desire to rent their condo residence, must do so through the St. Regis rental program. This guarantees a uniformity of services across the resort and residences that align with the St. Regis brand standards and offerings.

If I participate in the rental program, is there a limit to the number of days for Owner usage?

No, owners enjoy the freedom to utilize their residence at their convenience, adhering to the guidelines outlined in the rental program.

May owners hire a third party to rent out their residence?

This is strictly prohibited. To uphold the highest standards of service, management of residential rental inventory will be exclusively overseen by St. Regis.

Who will set up utilities such as power, water, etc.?

The management company will handle the set-up and management of all utilities.

Do I have to be present on the island to sign all the documents?

Your physical presence is unnecessary as your local attorney can assist in ensuring a smooth remote closing process.

Can family stay at my residence at no charge?

Your friends and family are invited to stay and partake in your ownership privileges; however, all owners and guests must adhere to the standard resort and cleaning fee requirements.

Financial

What is the strata fee?

The strata fee (HOA fee) is projected to fall within the range of US$21 to US$22 per square foot annually, including hurricane insurance, excluding contents insurance. This is in line with industry standards within the luxury resort sector.

What will the rental split be?

Rental revenue will be divided on a 50/50 basis. An additional 5% will be deducted as an operator service fee for the use of the resort facilities for paying guests, and 5% is put in an escrow account for FF&E Reserve (furniture, fixtures and equipment reserve) for future replacement of furniture and supplies leaving the owner with a net split of 40%.

Are there any taxes in Turks and Caicos?

Due to the tax friendly nature of The Turks & Caicos, there are no annual property taxes, no income taxes, no estate or inheritance taxes and no capital gains tax on property transfers. While there are no property taxes, a one-time government stamp duty fee is payable on the property’s purchase price at the time of title transfer. The stamp duty rate applicable is based on the value of the purchase price, amounting to 10% of the purchase price for purchases over US$500,000.

Will I own fee simple? Do I need a local trustee to hold title?

The Turks & Caicos Islands Government guarantees fee simple, commonly referred to as freehold title. Strata titles are fee simple and are typically used as the structure for condominium developments. You do not need a local trustee to hold title as there are no restrictions on foreign property ownership. When purchasing property in The Turks & Caicos, it’s strongly recommended to retain a local attorney to provide guidance on best practices to guarantee a secure and seamless process.

Progress Payment Schedule

• 10% on execution of sale agreement (inclusive of the $100,000 reservation deposit)

• 10% on commencement of construction

• 10% on completion of the floor slab in the residence

• 20% on completion of the roof in the building which the residence is located

• 20% on completion of installation of windows

• 30% at closing and certified completion

Why invest in the Turks and Caicos Islands?

• A mere 3-hour flight from New York and 1.5 hours from Miami, offers easy accessibility.

• Multiple daily commercial flight connections from various US, Canadian, and other international cities.

• Two state-of-the-art Fixed Base Operators (FBOs): Provo Air Center and Atlantic Aviation (formerly Blue Heron), ensuring seamless access via private plane.

• A business-friendly and stable government structure.

• Legal system based on English Common Law, fostering a secure business environment.

• Leading Canadian banks, including Royal Bank of Canada, Scotiabank, CIBC/ FCIB, offer stable banking services and reliable lending facilities.

• Utilization of the US Dollar as the official currency.

• English as the official language.

• One of the highest GDPs in the Caribbean.

• Tax friendly jurisdiction: no land/asset holding tax, corporate, capital gains, or inheritance tax, ensuring a favorable investment environment.

• No restrictions on foreign property ownership.

• Land titles can be held personally, in a Trust, or Corporation, providing flexibility. Property ownership by freehold title which is guaranteed by TCI government.

• Close proximity to North America with convenient airlift.

• Repeatedly recognized as a leading travel destination worldwide by TripAdvisor voters and other prestigious travel-related bodies.