Question 1

What is the price range for Palmara apartments?

Accepted Answer

Pricing varies by unit type and floor, and current prices for the units still available are shown on the Palmara page. Contact the Gemstar Realty team on +1 (721) 586-6700 for an up-to-date price list. All prices are exclusive of notarial fees, the 4% transfer tax, and other closing costs.

Question 2

Is bank financing available for Palmara?

Accepted Answer

Yes. Two payment options: bank financing (10% deposit on the Sale & Purchase Agreement, 90% balance on title transfer) or direct-to-developer (10% deposit then milestone payments of 20% at foundations, 20% at structural, 20% at windows, 20% at kitchens & bathrooms, 10% before title transfer). Free on-site mortgage advisory is available.

Question 3

When will Palmara Building A be handed over?

Accepted Answer

Building A is on an 18-month construction schedule and is currently in the Structural Framework phase. Handover is targeted for Q2 2027.

Question 4

What's included in the price of each Palmara apartment?

Accepted Answer

Each unit comes with fully finished kitchens and bathrooms, private terraces, smart access entry, in-unit laundry connections, contemporary finishes, and assigned parking. Ground-floor units also include a private fenced garden. The development has a backup generator for the entire complex. A shared pool between the two buildings is planned with Building B.

Question 5

How many apartments are at Palmara and what types are available?

Accepted Answer

Palmara consists of 18 total apartments across two buildings of 9 units each. Building A is currently selling. Three unit types are offered: a 1-bedroom (62.40 m², 672 sq ft net), 2-bedroom Type A (93.88 m², 1,011 sq ft net), and 2-bedroom Type B (90.12 m², 970 sq ft net). Building B has not broken ground; the published schedule targets handover in Q4 2027.

Question 6

Who is the developer of Palmara Cole Bay Residences?

Accepted Answer

Palmara is built by Commodore NV, established in 2015 with 10+ years on-island and 7 landmark projects delivered including Jordan Village in Cupecoy, Fourteen in Mullet Bay, The Hills in Simpson Bay, Sentry Lane in Cole Bay, and Echo View in Point Blanche. All Commodore construction meets hurricane-resilient standards including Category 4+ impact glazing.