WILLEMSTAD – The Government of Curaçao is preparing to invest millions of guilders in the purchase and renovation of government buildings in the historic center of Willemstad, with the aim of gaining greater control over public real estate and improving the housing of government services.
Starting in 2027, the government intends to allocate approximately 15 million guilders annually for renovation and investment projects. The plans include the former Executive Council building in Scharloo, Landhuis Kortijn and the former Social Insurance Bank building. Monumental properties in the historic city center are also part of the proposed investment strategy.
Minister of Finance Charles Cooper stated that while the initiative represents a significant financial commitment, it is necessary to strengthen oversight and management of government-owned real estate.
“It costs a lot of money, but it is necessary to gain more control over the government’s property portfolio,” Cooper said.
Long-Term Savings
The government aims to acquire buildings that are currently rented or in deteriorating condition and renovate them for official use. According to the Minister of Finance, bringing more properties under direct government ownership could generate long-term savings by reducing rental expenses and improving operational efficiency.
The initiative is also intended to provide more suitable accommodation for public services, many of which are currently housed in leased properties or buildings requiring substantial maintenance.
Parliamentary Approval Required
Any purchase or sale of government properties will require approval from Parliament. In addition, the government plans to establish a more structured and professional system for managing public real estate assets.
The proposed investment comes amid ongoing discussions about fiscal discipline and public asset management, with officials arguing that a strategic approach to government property could strengthen both financial sustainability and urban revitalization in Willemstad’s historic districts.