Durrant Pate/Contributor

Hambani Estates, the problem-plagued prestigious gated upscale community located at 1–3 Bamboo Avenue, Liguanea, Kingston 6 is finally nearing completion and could be finished well ahead of its latest revised June 2026 completion deadline.

In addition, Mayberry Investments—which was called in last September to bail-out the FirstRock Real Estate Investment development of a high-end gated community of 12 stand-alone mansions, designed to appeal to Jamaica’s ultra-wealthy clientele, after the developers defaulted on a US$10-million construction loan from Sagicor Bank, which had placed the project in receivership—is announcing the successful completion of three additional luxury residential homes at Hambani Estates.

The units entered the market at over US$2 million per unit, which at current exchange rates, that price is equivalent to more than $320 million per villa. All three homes are now under sale contracts with the remaining units projected to be delivered by May 2026, ahead of the original June 2026 completion deadline. 

Project progressing strongly

This milestone, according to Mayberry, reflects continued execution against the development’s delivery programme and reinforces the strong progress being made on the project. 

Chief Executive Officer of Mayberry, Patrick Bataille comments, “We are proud to support Hambani Estates as it advances through critical delivery milestones. The completion of these three homes reflects disciplined execution and a clear commitment to quality. We remain confident in the development’s value proposition and look forward to continued progress toward the handover of the remaining homes.”

For his part, Ryan Reid, Executive Chairman of First Rock Group, adds, “We are pleased to announce the completion of three homes at Hambani Estates, a testament to our commitment to excellence and our vision to deliver exceptional luxury living in the heart of Kingston. This milestone reflects the dedication and hard work of our team, alongside Mayberry as a financial partner, and we look forward to maintaining this momentum as we work toward our targeted timeline for the remaining homes.

Mayberry to the rescue

As part of Mayberry’s ongoing support for the Hambani Estates development, Mayberry structured and arranged a Corporate Note for FirstRock Real Estate Investment and its wholly owned subsidiary, FCH Jamaica Developers, which enabled the full repayment of all obligations to Sagicor Bank and facilitated a formal exit from receivership in relation to the Bamboo Avenue project. This financing solution strengthened the project’s execution pathway and supports continued completion and delivery of the remaining units.

Hambani Estates is designed to offer discerning homebuyers and investors a secure, high-end residential experience, pairing contemporary architecture with premium finishes and amenities consistent with top-tier developments of this nature. Each home forms part of a thoughtfully planned community positioned in one of Kingston’s most sought-after locations. 

Hambani is the only development complex of its kind, providing the ultra-wealthy with a safe, secure and central location in the heart of Kingston 6. The units are stand-alone villas spanning 8,400 to 8,700 square feet with amenities, which the clientele heavily desires.