Fiji Real estate
Home > Property News

Rush for affordable homes

May 26, 2009 09:51:24

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 around 3000 customers from around the country who have registered their interest with them, and the company will be rolling out land lots and homes over the next three to five years to try to cater for this demand.

“We have a $6.7 million project at the moment in Wainibuku. We are funding that ourselves and it is expected to produce over 200 lots to be delivered next year.

“Now, through the support of the Fiji and Chinese government, a $70 million loan has been approved in principle and with that money, we hope to house 5000 more new home owners from the very low income earners - including squatters - to those in the middle income bracket,” Naiorosui said.

There are plans to begin development work on two other locations - a 184 acre property in Tacirua East and a 40-acre land in Nepani, outside Suva, and this will rely mainly on the success of the Chinese loan application.

“We want to get those projects rolling by the third quarter of this year so that by next year, we have some lots. The plan there is to have 1050 land lots developed from those properties over a period of three to five years,” Naiorosui said.

“So between Tacirua and Nepani, we are looking at close to 2000 families to be housed.”

He said the company had been talking to a wide range of customers, including those currently living in squatter areas, who have filed applications for these residential lots when they are available.


Other Headlines
• PRB invites applications for 82 new flats
• Rai Ki Wai sold for $6.95mn
• Housing Authority secures 167 leases
• 167 new lots ready for sale
• Waila City project progressing slowly
• Work on PRB flats to commence soon
• New housing scheme to benefit thousands
• Rai Ki Wai estate on Wakaya goes on sale
• Familes relocate to allow development
• More families benefit from housing policy

Latest Ads

  My Inbox
Saved Searches
Saved Ads

Real Estate Acts
Agricultural Landlord and Tenant Act (Chapter 270).  
Crown Acquisition of Lands Act (Chapter 135).  
Native Lands Amendment Act No 13 Of 2002.  

Real Estate Forms
Application for Development Permission.  
Application for Telecommunication Service.  
Application for Miscellaneous Service.  

Search Property
Price Range  
  Advanced Search  

Bank Interest Rate (%)
ANZ 7.75
Colonial 9.25
HFC Finance 9.25
Baroda 9.00
Westpac 8.00
HA 7.99

  Construction Projects in Fiji  

Webster Construction Ltd  
Gary J. Carter  
New brew house for Paradise BeveragesParadise Beverages Brewery opened a new $18million brew house at its Walu Bay complex in Suva today.
Auckland City wins 7th Champs League titleAuckland City retained the OFC Champions League title at ANZ Stadium in Suva tonight beating Team Wellington 5-4 in penalties to win the tournament for the fifth consecutive year and take their winning tally to seven.
'Green'-tinted SUVs at Seoul Motor ShowGas-guzzling SUVs, eco-friendly electric cars and the odd brave attempt to marry the selling points of both are taking centre stage at the biennial Seoul Motor Show.
$5000 boost to assist diabetes awareness programVodafone Fiji ATH Foundation has stepped in with financial boost to assist the Lions Club in their Diabetes Awareness program.
The Chemical Brothers new album Born In The Echoes out July 17The Chemical Brothers, the undisputed masters of transcendent electronics, return with Born In The Echoes on July 17, their first studio album since 2010’s Further.
$5000 boost to assist diabetes awareness programVodafone Fiji ATH Foundation has stepped in with financial boost to assist the Lions Club in their Diabetes Awareness program.