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Resort Near Sonaisali Up For Sale

Resort Near Sonaisali Up For Sale
From left:Fiji Crop and Livestock Council chief executive officer Jiu Daunivalu, Lavenia Tamanivalu a dalo and yaqona farmer from Burerua, Tailevu draws a value chain while the other farmers looks on.
September 06
10:25 2014

A 32-villa resort currently under construction in Nadi, is up for sale by its developer.

Inglewood Realtors managing director, Praneel Dass, appointed as the real estate agent for the sale of this property, confirmed the construction will be completed by December.

The property, located 15 minutes away from Nadi Town and near the Sonaisali Resort, is up on the market for $9 million.

Mr Dass said: “I believe $9 million is cheap as normally a good three-bedroom villa near the beach will cost you close to a million.

“So here we are selling 32-villa resort for $9 million which is sure to fetch good returns as it is an ideal investment property.”

When asked as to why the developer wants to sell a newly-built resort, Mr Dass said the developer has more bigger projects to do after this.

“We have so far received good interest from both local and overseas investors, all waiting for completion of the resort,” he said.

The property can either be sold to a local or a foreign investor, whoever can pay the price, Mr Dass said.

Real Estate Market

Mr Dass, who has been in the real estate industry for almost a decade now, said this seemed like a good time for real estate investment.

“Prices are appreciating every month and so the more the people wait, they will have to pay higher amount,” he said.

“Also, good properties, like brand new resorts available where investors can instantly start up in tourism industry, are hard to come by.”

Feedback:  ranobab@fijisun.com.fj

 

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