The government has, for the first time, sanctioned the introduction of fractional ownership for non-nationals. Off-islanders can now own a deeded part-share of property at a fraction of the cost of whole ownership in a country with the third highest per capita income in the world.

The Reefs Club is among the first projects in this new-to-the-island, fractional ownership style. Due to open in July, the development will have 19 two-and three-bedroom residences. One-tenth ownership will cost US$350,000 for a two-bedroom home and US$410,000 for a three-bedroom.

Further details are in the National Post.