Fijian Holdings get ‘property stash’
Fijian Holdings Limited (FHL) announced today it has purchased shares in Fijian Property Trust (FPT) Company Limited belonging to the Fijian Affairs Board, making FPT its fully-owned subsidiary in the process.
The $600,000 buy-out means FHL now has full ownership of Ratu Sukuna House and Vanua Hou ...
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Tappoo building will “revive tourism shopping in Suva”
The new $50 million TappooCity building in central Suva will revive tourism shopping in the capital, says group chief executive officer and executive director Madhu Tappoo.
Tappoo said the “iconic” concept was thought of five years ago and was meant to create a flagship Tappoo store in the heart of ...
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Business park nears completion
Fiji’s first business park, Garden City, which went ahead with expansion plans despite the events of December 2006, is now on schedule to complete construction by next month, said owner Yee Wah Sing.
The self-made former ginger farmer – who is now into property development through his company Marco ...
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Work in Fiji construction up in 2008
Fiji’s construction industry recorded $254.0 million in the estimated value of work done, both in the private and general government sector, in 2008, according to the Fiji Islands Bureau of Statistics.
This indicates an increase of $23.7 million or 10.3 per cent when compared to the previous year, ...
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Rush for affordable homes
The rush for affordable homes is fueling Housing Authority’s move to develop a number of properties around Fiji’s capital, Suva, with a 220-lots project at Wainibuku scheduled to be delivered by the New Year.
Housing Authority’s chief executive officer Alipate Naiorosui told FijiLive they now have ...
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Liquidity improvement will help, says realtor
While much of Fiji’s real estate market reports declining sales, one player is optimistic that a marked improvement in liquidity levels is a good sign for the industry.
Harcourts director Shivas Singh told FijiLive there had been a considerable drop of 40 to 50 per cent in sales and rental levels d ...
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Construction provides $14.5m boost
Fiji’s construction industry injected $14.5 million into the local economy in the last quarter of 2008, a 20.5 growth over the previous quarter of $12 million, the Fiji Islands Bureau of Statistics’ building statistics report revealed.
The $14.5 million accounted for 112 completion certificates iss ...
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HA reviews housing projects Fiji wide
Fiji’s Housing Authority is now reviewing a number of new housing projects around the country with respective proposals and submissions expected to be finalised in the next few months.
At least at this stage, besides the low cost housing project to be implemented in Tacirua, Raiwai and Raiwaqa in t ...
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FEA drops surcharge by 67 per cent
Expect a reduction in monthly bills from February following the approved 67 per cent drop in fuel surcharge by the Fiji Electricity Authority.
FEA’s new temporary $1.82 per kWh fuel surcharge, approved by the Commerce Commission early this week, will be effective from January 29.
The current surch ...
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