Former Fiji Residents Buying Properties on Naisoso Island; $200m Project Progresses
Former Fiji residents are among the increasing number of people purchasing properties on Naisoso Island. Two properties were recently sold, one to a buyer from New Zealand and the other to a buyer from Australia, with the former Fiji resident from New Zealand purchasing a property for $3.7 million.
The island’s developer and managing director, Robert Lowres, has invested more than $115 million in developing the island and has noticed a surge in interest in property purchases during the past year, particularly from Fijians who had previously left due to political turmoil but now wish to return.
These individuals have achieved success overseas and now have the financial means to invest in property on Naisoso Island, which offers the security and proximity to the airport they desire.
$200m Project
Soon, a new Beachfront Mirage Resort development will be built on the southern tip of Naisoso Island, with an estimated cost of $200 million.
This 5-star resort project promises to deliver outstanding excellence, evoking a sense of beauty beyond imagination.
The project would include retail shops, restaurants, a rooftop bar, three swimming pools, a world-class health and wellness spa, gymnasium, conference and business facilities, and much more.
The $200 million resort development is still underway and is the latest addition to Relcorp’s signature developments.
Mr Lowres is finalizing financing options. He anticipates that marketing for the project will begin at the end of this month. International hotel chains ACCOR and Radisson have expressed interest in operating the re-sort, and individuals who have already invested in property on Naisoso Island are be-ing given priority in the acquisition of apartments at the Mirage Resort.
“You can either commit and pay the 10% and settle it by mid 2025 or if you change your mind we’ll give you the refundable $10,000 expression of interest deposit back but it’s an opportunity for them to put their foot on a prime unit that they might miss out on if they wait too long.”
Mr Lowres notes that there has not been a significant tourism development project in Fiji for over a decade, and the Mirage Resort will be the largest project of its kind since then.
With high demand for accommodations in the area, Mr Lowres expects the resort to be a major success.
About Naisoso Island Resort:
Relcorp (Fiji) Pty Limited, the owner of Naisoso Island, has a long and successful history of property development in both Australia and Fiji.
Founded by Managing Director Robert Lowres, also known as Bob, over 30 years ago, Relcorp is renowned for its innovative work, high-quality outcomes, and strong returns to investors in the community.
Relcorp has established an excellent relationship with all banks in Fiji, as well as architects, designers, engineers, builders, and other construction specialists.
Its credibility in the marketplace has been increasing over the years, with their projects quickly accepted by the market.
“Relcorp (Fiji) Limited prides itself on delivering excellence,”Relcorp general manager Ruth Kippax said.
Relcorp’s three signature developments include the Naisoso Island Residential Estate, The Waterford in Saint Lucia Australia, and the Highgate Court development in Highgate Hill Australia.