Four months after Levuka Town was declared a world heritage site, the government and the town council have seen an increase in economic activity on the island.
According to Lomaiviti provincial administrator Lomaiviti, Kepeli Kubunameca, the land value at Baba settlement for instance had risen dramatically.
The value for a piece of land above the town area had risen from $20,000 to about $200,000.
"Since Levuka was declared a heritage site in June, my office and other government offices have been receiving calls from here and overseas every second day," he said.
"And they are interested in buying properties here in Levuka. We have interested buyers from Australia and China."
In June this year, UNESCO declared the Old Capital a world heritage site because of the unique colonial structures that have remained since the 1800s.
"Just the word heritage has added value to the town because it is now an international town and we count it as a blessing," Mr Kubunameca said.
Levuka Town Council CEO Suliana Sandy said the northern end of Levuka Town was occupied by Europeans.
"We have seen a lot of investors expressing their interest in establishing businesses here," she said.
"And a cottage industry is about to open in town, where they will sell bottles of grog known as 'Taki Mai' as a anti-depressant drink."
The town has 152 rate payers and Ms Sandy said they were also happy that a new home stay resort would open soon to cater for tourists who were flocking to the island to witness for themselves why Levuka was known as an international town.
"Friends from Hawaii, Brazil, New Zealand, Australia, Netherlands, Tonga, Samoa, South Africa, Korea, USA and Canada stayed for one to three weeks in our lovely Ovalau and participated and also enjoyed the scenery of the first capital of Fiji and they already plan to come back next year to be part of our rugby growing development," Mr Kubunameca said.
In November, the government will celebrate this milestone with the people of Ovalau.
The area in the Old Capital of Fiji is 363 hectares in total with a sea area of 246.4 hectares.
With historical sites such as the first government station, the first Hindu temple and Muslim mosque in Fiji, and the first place where a Catholic priest celebrated mass are just a few places why Levuka is so unique.
Senior Heritage officer with the Department of Heritage, Culture and Arts, Ana Kalougata said government spent $90,000 alone this year to renovate and maintain the Catholic parish at Cawaci that was built from coral in the 1800s.
Mrs Kalougata said the impact of Levuka's recognition as an international town was slowly being felt by businesses and the people in Ovalau.