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South Abaco Development Growth Linked to Stable Economy

February 10th, 2011 by admin

Residential and commercial real estate developments in South Abaco have expanded steadily over the past two years. Despite the residual effects of the global economic and financial downturn, The Bahamas’ domestic economic conditions stabilized during 2010, with the economy expected to grow by 2% to 2.5% in 2011, according to Prime Minister, the Rt. Hon. Hubert Ingraham, in his address to the 2011 Bahamas Business Outlook.

The past year clearly demonstrated South Abaco as an environment favorable to the strengthening and diversification of the nation’s economy:

With 90% of its infrastructure complete, Serenity Point’s environmentally friendly residential community is one of the many success stories of economic growth in South Abaco:

The community is designed for luxury using the latest in sustainable technology, with features such as:

  • Design techniques that save energy and preserve water
  • Solar-powered golf carts
  • Indigenous tropical landscaping

OceanHome Magazine highlighted Serenity Point as a Development of the Month, Publisher’s Choice. And The Bahamas Investor covered Serenity Point’s development as an example of the resurgence currently being enjoyed by Abaco—one of the fastest growing islands in The Bahamas.

With work steadily underway at Serenity Point and the neighbouring commercial center of Schooner Bay Village, the community is looking forward to another year of growth and prosperity in South Abaco.

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