Financial Update

In 2003, a significant milestone was achieved when one of the country’s leading manufacturing companies (the sole shareholder of Occidental Investments Limited and Oceanic Limited) initiated the development of the Samaan Grove Community, marking the 1st phase of the Golden Grove-Buccoo Estate. This successful journey continued until 2009, when Occidental Investments Limited and Oceanic Limited’s shareholding was transferred from this manufacturing company to CLICO as part of an overall restructuring. This transition, while a significant change, was a testament to the community’s resilience and adaptability.

In 2009, a significant shift occurred as Samaan Grove, while still under the umbrella of the parent company Occidental Investments Limited, took a more independent stance in managing its operational and financial affairs.  This autonomy, not just a change in status, but a clear demonstration of the community’s financial strength and trust in its own capabilities, was a tangible proof of the community’s sound financial management.

Over the years, the Association diligently balanced its income and expenditure, demonstrating a responsible approach to financial management. This effort, aimed at managing routine expenditure, which, while limiting the ability to conduct capital works, ensured the community’s economic health and stability, a testament to our commitment to long-term sustainability.

In 2015, a loss was recognised, and it was agreed within the homeownership that fees would be increased to manage the routine expenditure with the hope of shoring up a 3-month cash reserve for potential capital works.

Starting in 2019/2020, Samaan Grove embarked on operational changes. These changes aimed to reduce routine expenditures and improve some of the outstanding capital works within the development. The initiatives included replacing streetlights, phasing out utility hole covers, repairing the bridges, and enhancing standard services maintenance and lake maintenance. These actions reflect the community’s proactive approach to enhancing its infrastructure and services.

Construction Update

Since 2004, Samaan Grove Community Association has been seen as the go-to for investment and vacation homes. In the last five (5) years, the Association has actively encouraged the development of individual lots, leading to exciting growth from approximately 20 built homes in 2010 to 88 in 2025. 

The Association will continue its unwavering commitment to encouraging homeowners to build their dream homes under the approved processes, ensuring the highest quality and standards. 

Sustainability Update

In a collective effort, the Samaan Grove Community Association diligently tracks Scope 2 emissions. These are indirect GHG emissions associated with our electricity purchases. The streetlights, managed under three (3) T&TEC accounts within our compound, are the major source of these emissions. We have actively tracked these since 2021, demonstrating our shared commitment to environmental responsibility.

The principal street light improvement project, a crucial initiative undertaken in 2023, has significantly reduced GHG emissions. This project, which replaced streetlights with LED bulbs, has halved the emission rate. Such achievements are a direct result of the valuable contributions of our stakeholders, underscoring the importance of their involvement in our environmental initiatives.