A luxury apartment complex in Wailoaloa, Nadi, known as El Palm Apartments, has been listed for sale at over $7 million. The property, situated at Lot 13 Palm Drive off Wailoaloa Road, consists of eight two-bedroom apartments and is currently owned by former attorney-general Aiyaz Sayed-Khaiyum through his venture, Midlife Investments Pte Ltd.
The apartments are marketed via Bayleys Fiji and Professionals West Fiji, with listing prices varying between $7.3 million to $7.9 million. The property benefits from a valid five-year hotel license and operates as a boutique Airbnb-style accommodation, making it an attractive investment option. Its proximity to the beach and Nadi International Airport adds to its appeal, as highlighted in the listing.
Similar real estate movements in Nadi, such as a $10 million apartment development by the Charan Jeath Singh Group, reflect ongoing investment trends in luxury housing amid discussions about affordable options. The construction of Mission Hill and the upcoming Bhindi Group project further emphasize the region’s growth potential, catering to both high-end and affordable housing markets.
The burgeoning real estate sector in Nadi showcases a confidence in the local economy, opening avenues for job creation and enhanced community amenities, while balancing the need for diverse housing options. This continuous development bodes well for the region’s future, reinforcing Nadi’s status as a desirable location for both residents and investors alike.
Plans surrounding the El Palm Apartments and similar projects resonate with a hopeful outlook for Nadi’s property landscape, as ongoing investments aim to enhance living standards and stimulate economic growth in Fiji.
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