GY$20M discount for Guyanese seeking to purchase home at major real estate development at Ogle

Coastal Rim Properties (CRP) has announced the launch of TAJ Dream Ogle, its second major real estate development in Guyana, in partnership with NBA Hall of Famer and global business leader Hakeem Olajuwon as Co-Developer.

To ensure inclusive participation in Guyana’s rapidly expanding property market, and as a direct response to national pricing initiatives, all Guyanese citizens, both local resident and within the diaspora, will be immediately eligible for a USD $100,000 or ($20M GYD) discount on any unit reserved within the first 60 days of launch. For units starting at $250,000 USD, applying the $100,000 USD reduction will result in the units being sold for $150,000 USD.

This initiative is specifically designed to create an accessible luxury condominium for Guyanese families, young professionals, and returning diasporans before broader international demand accelerates pricing.

According to Minister of Tourism, Industry and Commerce, Susan Rodrigues, “This Guyanese-first approach is exactly the private sector leadership we need at this pivotal time in our development. Under the leadership of His Excellency, President Dr. Mohamed Irfaan Ali, who has made it clear that prosperity must come to every Guyanese home, our citizens must be given every opportunity to participate in our country’s growth. TAJ Dream Ogle’s commitment to accessible homeownership for Guyanese at home and in the diaspora reflects deep social responsibility and demonstrates confidence in our people and our future.”

The pricing initiative mirrors recent national leadership on making high-quality hospitality and lifestyle experiences more accessible for citizens. Rodrigues recently championed a policy encouraging hotels to adopt capped nightly rates to benefit visiting and local Guyanese alike. This national effort to moderate pricing in the hospitality sector underscores a broader commitment to inclusive access, and TAJ Dream Ogle’s condominium discount represents the real estate sector’s complementary response to those same national priorities.

According to NBA Hall of Famer, Hakeem The Dream Olajuwon, “The Government of Guyana has cultivated a stable, investor-friendly climate characterised by significant infrastructure expansion, pro-development policies, strengthened governance, and measurable improvements in public safety metrics. Strong macroeconomic fundamentals reinforce TAJ Dream Ogle not only as a sound investment opportunity, but as a safe and secure community for families, professionals, and long-term residents.”

“TAJ Dream Ogle represents the next chapter of Guyana’s urban evolution,” said Giovanni Mola, Principal of Coastal Rim Properties in Guyana. “What we are building goes beyond simple residences. We are building a globally competitive, climate-resilient, walkable community that answers the call for accessible, world-class living for Guyanese at home and abroad. This project reflects our confidence in Guyana’s leadership, its economic trajectory, and its people.”