Rise in Demand
THE demand for luxury waterfront strata title units continues to be high with buyers eager to snap up next luxury waterfront building. Blue Horizon Property Group is managing one of the newest developments in the Capital City — Qeleya Point Apartments — which a partnership between Pacific Building Solutions and Hari Punja & Sons Ltd. A statement from PBS yesterday said the developers had started pre-sales on the property development project with the release of a limited number of units. Mark Acraman of Blue Horizon said: “With all available units now sold at Uduya Point Apartments, buyers are eager to snap up the next luxury waterfront building in the hottest growth corridor in the greater Suva area.” Mr Acraman said Qeleya Point Apartments was a five-storey 20 apartment, strata-titled waterfront building situated on Qeleya Point Rd in Lami.
He said with a commanding aspect, the site offered the grand- est views of the Suva Harbour and the Bay of Islands. “We are headed in a direction with our project partners that will see more and more unique, luxury properties being developed in high growth areas,” said Rohit Punja of Hari Punja and Sons. “We continue to lead the market in design, quality and are proud of our achievements in property development so far. “Our decades of property investment experience, coupled with Pacific Building Solutions’ unique high-quality construction skill set means we can deliver some of the best projects in Fiji,” said Mr Punja.
Meanwhile PBS managing director Michael Fairfax said: “The development offers 1, 2 and 3-bedroom apartments with price ranging from $599,000 to $1,300,00. “Construction is expected to begin in the first quarter of 2019, with completion expected within 15 to 18 months thereafter. “Buyers have a great opportunity to lock in today’s prices and ride the natural appreciation which will occur during the construction and settlement phases. “With every new property development project, we feel we are not only improving the real estate landscape in Fiji but also creating new employment opportunities for a great number of people and we see the positive ripple it is having in the communities in which we work,” said Mr Fairfax.
Project architect Conway Beg has designed a building that ensures each unit takes full advantage of the 270-degree views, prevailing sea breeze and has incorporated a unique light filtered building façade that pays respect to the building’s Fijian surroundings.
Source: PBS/Fiji Times August 11, 2018