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Rise in lot sales

Monika Singh
Saturday, February 24, 2018

WITH great interest shown in the Natadola Land Estate from local investors, the developers of the property are confident that more lots will be sold by mid next year.

The developers, Natadola Bay Resort Ltd, yesterday confirmed that they had reduced the land price to $350,000 (VEP) per lot which had led to an increase in interest from local buyers with 11 lots being sold.

Meanwhile the estate's sales team also confirmed that a model home was being constructed on the site to provide interested buyers with a virtual feel of the estate.

The developers hope that the model home would encourage more investors to purchase lots.

NBRL said all buyers of the sold lots were now working on their structural plans according to the building guidelines established by the developer and it is expected that all plans would be submitted for vetting prior to any construction.

The guideline is to ensure that each home is compliant with the Fiji standards and also structurally intact to withstand cyclones.

The developer said buyers could have a choice and benefit from land purchase, build a luxury home and even lease it out to nearby resorts or business houses for weekend, holiday homes or executive residents.

Investors will also enjoy a rent-free offering as they will not be paying lease rental for 99 years.

An important feature of the estate, according to NBRL, is that it will be a gated community with 24-hour security which is expected to ensure the safety, security and privacy of the homeowners which is paramount to NBRL.

The developer believes that the gated community would also enable homeowners to live freely within their own homes compared with the standard community.

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