Published: 18 July 2021
PHILIPSBURG: - For the third consecutive year, Algemeen Pensioenfonds Sint Maarten (APS) has finalized and submitted its annual report, four (4) months ahead of the legally binding annual deadline. The 2020 annual report is now available via www.apsxm.org. Exceeding the year-end performance targets, APS closed 2020 with a coverage ratio of 101.93%, which means the Funds’ reserves are more than enough to guarantee the payment of future pensions, in spite of the COVID-19 crisis. On the investment side, an overall return of investments of 7% was realized, noting another well-performing year for the pension fund.
This positive result is said to be partly credited to the “
Published: 12 January 2021
~Only 16 of 62 homes in Oryx Residences still available~
PHILIPSBURG: - Since the first residents moved into the residential complex in September 2020, many more tenants and buyers have settled in the new Oryx Hill residential compound, a local investment project of Algemeen Pensioenfonds Sint Maarten. The lease-to-own financing option has become the most popular among those interested in owning their own home.
Oryx Residences was designed as a local APS investment to offer safe, hurricane-resistant yet aesthetically pleasing housing to families on Sint Maarten. The 62 one-, two-, and three-bedroom units are centrally located in Cay Hill and secured by 24-hour surveillance. The majority of the current residents financed their home through the lease-to-own option, which allows tenants to finance 90% of the purchase price at the end of the lease term. It is also possible to rent or to obtain a 100% financed mortgage, depending on one’s finan