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Luxury Waterfront Apartments in High Demand After Elections

Now the election is decided – investors have renewed their interest in securing luxury waterfront apart­ments. Qeleya Point Apartments in Lami, near Suva, saw an immediate spike in sales. Romit
09 Dec 2018 12:37
Luxury Waterfront Apartments in High Demand After Elections
An artist’s impression of a Bedroom at Qeleya Point Apartments in Lami and overlooking Suva Harbour

Now the election is decided – investors have renewed their interest in securing luxury waterfront apart­ments.

Qeleya Point Apartments in Lami, near Suva, saw an immediate spike in sales.

Romit Meghji, director of the P. Meghji Trading Limited, secured three of the planned two-bedroom units this past week.

Romit Meghji, director of the P.Meghji Trading Limited.

Romit Meghji, director of the P.Meghji Trading Limited.

 

Mr Meghji said: “The unobstructed ocean views, proximity to the beauti­ful Bay of Islands and Suva harbour made for a solid investment.

“They are not making any more waterfront land so any new quality waterfront development is a smart investment as far as I am concerned.

“Add to that the projected six per cent returns and it’s a recipe for a wise long-term investment.”

 

Consultants view

Mark Acraman, managing director of Blue Horizon Property Group, the development consultants for the pro­ject said: “We are not surprised by rise in sales at Qeleya Point Apart­ments.

“The combination of waterfront location, luxury build and projected returns is what every smart investor is looking for.

“With a limited number of units available, investors are now secur­ing their premium units at today’s prices, with the knowledge that as the Suva continues to grow, so will the capital growth of units until set­tlement in 2020.”

Qeleya Point Apartments is the second luxury waterfront apartment project the developers have under­taken in the area.

 

Uduya Point Apartments

The first is Uduya Point Apart­ments, which is now under construc­tion and with all available units now sold.

Early buyers enjoyed seeing sale prices rise over 10 per cent over the past 12 to 18 months.

 

An artist's impression of the view from the deck and pool of the proposed Qeleya Point Apartments.

An artist’s impression of the view from the deck and pool of the proposed Qeleya Point Apartments.

About the joint venture

The developer is a joint venture group made up of Hari Punja & Sons Limited and Pacific Building Solu­tions Limited, two of Fiji’s largest and most successful companies.

“By joining forces, we bring the best of our collective skillsets to create some of Fiji’s best and more creative luxury property developments,” said Michael Fairfax, director of Pacific Buildings Solutions Limited.

“Our investors can trust that we de­liver on our promises including the luxury and quality of our construc­tion as well as the value of their in­vestment.”

Feedback: maraia.vula@fijisun.com.fj

 



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