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All posts tagged Fiji Investment

The Fiji government has imposed new restrictions on land sales to foreigners and on existing foreign property owners.

The government had originally planned to ban foreigners from buying land anywhere in Fiji.

Instead, it has passed amendments to the Land Sales Act that prevent any land within town boundaries from being sold to foreigners.

The legislation means foreigners who currently own houses in Fiji cannot sell it to other non-residents, potentially causing a drop in the value of their properties.

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Fiji is open for business, says Prime Minister Rear Admiral (Ret) Voreqe Bainimarama.

Speaking at the opening of the Fiji-Australia Australia-Fiji Business Council forum at the Grand Pacific Hotel in Suva yesterday, Mr Bainimarama said there were great opportunities for those with the enterprise and foresight to take advantage of the new era of prosperity.

“In fact, this past Friday, for the first time in Fiji’s history, Cabinet met with all of Fiji’s development partners to highlight government’s top priorities for the next four to five years and point out areas where partnerships would be most useful,” he said.

The meeting was also attended by representatives from United Nations agencies, European Union, International Monetary Fund and the Asian Development Bank.

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Property sales continue to grow in Pacific Harbour, recent local developments and good seasonal weather has since an increase in tourist numbers to Fiji, resulting in a bonus for those looking at investing in Fiji Property. With recent upgrades at The Pearl Resort including construction of multi-purpose Marina and plans to redevelop the Pacific Harbour Golf Club and Uprising Beach Resort, its a very exciting time to be in Fiji at present.

Below we look at some Fijian Properties in and around Pacific Harbour which are great value in today’s real estate market.

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Fiji Thrives in Tourism and Investment

Fiji has stamped its mark as the leading tourism industry in the Pacific.

And according to ANZ’s Asia Pacific Economics quarterly report, Fiji was one of the largest Pacific economies and was systemically important to the tourism industry in the region.

With the tourism industry being one of the largest contributors to gross domestic product (GDP), the bank said data from the Fiji Bureau of Statistics regarding arrivals were available on a timely basis than most of the Pacific.

“From 2002 through 2012 annual tourist arrivals into Fiji climbed from 397,859 to 660,590, averaging growth of 6.3 per cent per year,” the bank said.

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New freehold Fijian property up for sale

With news of Fijian Property sales are at an all time high, many locals and foreigners are buying freehold land and building homes in Pacific Harbour.

One such property recently on the market is the 17 acre freehold commercial waterfront site at Pacific Harbour, owned by a senior Japanese citizen who has resided in the area for 13 years.

Resort Homes Fiji managing director Richard Snowsill said, “The property is located in the centre of Pacific Harbour within walking distance of the school, post office, supermarket, boutique shops and the beach.”

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Papua New Guinea’s Mineral Resources Development Company Director/Chairman of Investments, Mr Simon Korua has signalled their growing confidence in the Fijian Tourism Industry with further investments in Pacific Harbour during the opening of the Pacific Bar & Grill Restaurant at The Pearl South Pacific Resort recently.

As new owners of The Pearl South Pacific Resort, Spa & Championship Golf Course, the Mineral Resources Development Company is investing $99 million in the property.
With a completion date for all developments scheduled for first quarter 2015, the investment will complete three phases of construction/building for the property.

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Invest, Visit, Work, Study or simply Live in FIJI and experience the invigorating combination of a unique lifestyle and thriving business opportunites.

Fiji offers multiple opportunities in the traditional economic sectors as well as in the island’s rapidly emerging sectors like ICT and the integrated resort development.

Fiji has a long and positive track record in attracting investors from all over the world, many of whom have re-invested in multiple projects and operating in Fiji.

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So you’ve been thinking of taking the plunge and investing into a beautiful Fijian Property right here in Pacific Harbour and we can certainly understand why. Pacific Harbour is the adventure capital of Fiji and with it’s sprawling beaches and relaxing resorts, to world class scuba diving, fishing and surfing, it has it all.

Pacific Harbour provides an idyllic alternative for the discerning investor with an assortment of adventure, relaxation and opportunities of discovering the Real Fiji.

The majority of Resort Homes Fiji properties are located in Pacific Harbour, which is situated along a beautiful stretch of coast line, on the south east coast of Viti Levu, only a two hour drive Nadi International Airport and only 40 minutes from the Fiji Capital of Suva.

Pacific Harbour, Fiji
Pacific Harbour is all freehold land and foreign ownership is welcomed, you need not be in the country to purchase either house or land as all legal work can be completed via Internet or international courier and a certificate of title is produced and sent to you or kept with the solicitors office for safe keeping.

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