About Us

Approximately 543 acres of land located in the parish of St. Andrew and referred to as part of Happy Grove and Carhampton, registered at volume 552,  Folio 64, also known as MOUNT ROYAL ESTATE at Red Hills District was owned by the DeLisser family.

A company of developers known as MOUNT ROYAL ESTATE LIMITED was established in 1968.  This company bought the entire estate from the DeLisser family and paid them 500,000.00 (pound) for the property.  Mount Royal Estate Limited prepared sub-division plans totalling over 500 lots and obtained approval from the Kingston & St. Andrew Corporation (KSAC).   They then proceeded to market these lots and between them and their agents collected from depositors in excess of  J$2,000,000.00.  Depositor's contracts stated that only 50% of the purchase price was required at the time of signing, and that the balance is to be paid when the infrastructure is complete.

By the middle of 1976 all the directors left the island without putting in any infrastructure leaving the depositors only with a contract.  Government assistance was sought and upon the goverment's advice the depositors formed themselves into a Co-op known as Mount Royal Co-operative Society Limited.  Same was registered on the 11th May, 1977.

Several attempts were made by the Co-op board members to secure bridge financing in order to start this development, commencing with Phase A.  However this has been snarled for the following reasons:

  • Approximately 50% of the depositors have migrated which result in tremendous difficulties in obtaining a quorum for Annual General Meetings (AGM)
  • Lack of  financial support
  • No known address for overseas depositors

One of the main goals of this website is to provide a forum for the Co-op members to obtain and share information and to advocate for the interest of it's members. We encourage members to honour payment of the Co-op fee of J$2,400.00 per lot annually to defray cost of operating the Co-op.

Please contact us for more information.

 

 

 

 

 

 

 



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