PM calls on Unit Trust to help tackle housing crisis
Sitiveni Rabuka has called on UTOF to work with Government to tackle Fiji’s housing crisis through public-private partnerships.
Thursday 23 October 2025 | 09:00
Prime Minister Sitiveni Rabuka during the launch of three self-funded commercial building projects worth $150 million at the Grand Pacific Hotel in Suva on October 23, 2025
Photo: Kaneta Naimatau
Prime Minister Sitiveni Rabuka has encouraged the Unit Trust of Fiji (UTOF) to collaborate with Government in addressing the nation's housing crisis.
Speaking at the launch of UTOF Properties Pte Limited this evening, Mr Rabuka urged closer collaboration with the Minister for Housing and the Housing Authority of Fiji.
“The potential for joint initiatives in mixed-use developments, affordable rental markets, and public housing infrastructure is significant,” Mr Rabuka said.
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He said he intends to make a ministerial statement in the upcoming Parliamentary sitting, outlining Government’s comprehensive plan to address the country's urgent housing needs.
Responding to the call, incoming UTOF Properties chairperson Isikeli Tikoduadua said addressing the housing crisis is part of their strategic development agenda.
“Fiji, like many developing nations, is currently facing a growing housing crisis marked by rising urban population, limited affordable housing stock, and increasing land pressure,” Mr Tikoduadua said.
“We are committed to exploring innovative and sustainable solutions to support the government sector in addressing this crisis.”
He said UTOF Properties would assess opportunities to invest in mixed income housing developments, urban renewal projects, and affordable rental schemes.
“Our goal is not only to deliver financial independence, but also contribute meaningfully to the social fabric of our communities by integrating affordable housing into our property portfolio,” Mr Tikoduadua said.
“We aim to create an inclusive, friendly, and resilient urban environment that reflects the value of equity and shared prosperity.”
The newly commissioned subsidiary is currently managing three commercial building projects worth $150 million, with plans to scale investments to $500 million by 2028.
Mr Rabuka said Government is championing Public-Private Partnerships as an effective mechanism to leverage private sector innovation and finance for public good.
“UTOF’s model of inclusive investment aligns well with this strategy,” he said.
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