More Property Investments Expected Along Nasese
Property developer Bobby Khan is planning to buy more land along Queen Elizabeth drive in Suva.
The plan is to build more sea front buildings as the area is lucrative for property investment.
He said sea front buildings are in demand amongst expatriates when visiting Fiji.
“This is why we are building the six-storey apartment building with our finance partner Bank of Baroda, to meet the demand for sea front buildings,” he said.
“The six-storey luxury residential apartment will sort of set a good example in the area and for the people as well to wake up and come up with nice looking buildings because Queen Elizabeth drive is a prime location,” he said.
He hopes that by investing into sea front buildings, it would also attract more overseas investors to rent a home in Fiji.
Plans
Mr Khan had shifted his focus to invest into properties in Suva because of the pandemic.
Much of his investments were properties within the western division.
“When the resorts and hotels closed during the pandemic, business was affected so we moved to Suva to do some investments.
“We started with the six-storey luxury residential apartments along Queen Elizabeth Drive,” he said.
More investments
Mr Khan plans to invest into another 10-storey apartment building in Nasese.
While planning is still ongoing, he said the 10-storey apartment building will have a revolving restaurant on the top floor.
He said as a lot of people like to go for walks around the sea wall in Nasese, such seafront buildings would attract more people do more business.
“Thanks to the Fijian Government of the day, for allowing a road upgrade along Queen Elizabeth drive, this will add on to the look of the area,” he said.
“Residents will be getting a new road with the new bridge and pretty
much that will actually lift the area better, making it look nice and presentable.”
The six-storey luxury residential
apartment, is Mr Khan’s second property project in Suva.