St. Maarten Private Eye

Primary areas of growth were the construction sector, business activities (real estate, renting) and financial intermediaries.

For this year, she added that investments visibly continued in the private and public arenas. Some additional 1,000 condominiums are expected in the next three to four years as projects such as Indigo Bay Estates and Barbaron Residences come on line.

To tap into the expanding sector, government has drafted and is now reviewing a proposed condominium tax. The commissioner did not give a timeline for when the tax would be introduced or what the figure would be, preferring to wait until the process was closer to completion.