Fiji Sun, May 12 – The first stage development of a $45 million sub-division to be called, Palm Beach Estate is expected to be completed by next month. The subdivision developed 90 residential lots and 14 commercial lots.
The residential lots will be in a gated complex with a single entry through a security point. The whole estate will be under 24-hour surveillance. All residences will have access to Wailoaloa Beach – a popular picnic spot for locals. According to real estate agents, Bayleys Real Estate (Fiji) Limted, residential lots were selling for $572,250 while commercial lots would be sold for $698,000.
A second project is also being built along the beach front – a 250-room hotel and a 120-room apartment-styled hotel along the beachfront. The development will be a five-storey Complex building which will be one of its kind in Fiji. Wailoaloa is seen as the next premium tourist destination after Denarau Island.
WDL chairman Rohit Punja, said there had been a lot of interest from international hotels chains to develop the hotel site in partnership with the Hari Punja and Sons Group. “Also the zoning is ‘Special Use’ as part of an ‘Integrated Resort Development’, providing less restrictions for end user (owner).”
