Prominent businessman and dalo exporter Peni Moi is venturing into the real estate sector, further diversifying his business interests. Known for his significant $10 million residence in Navua, Moi is expanding his property portfolio with over 40 holdings across Viti Levu, including office spaces for his export business, Ben’s Trading Limited, and rental properties.
In the area around his Navua residence and factory, Moi has built more than 20 houses, each featuring three or four bedrooms. These homes primarily accommodate employees commuting from distant regions, providing them with convenient proximity to their workplace.
Moi employs nearly 50 skilled foreign workers, including carpenters, welders, and builders who have greatly contributed to his construction projects, such as the development of his own residence. He sees significant potential in Fiji’s housing construction market, stating, “This is an area that will thrive,” underscoring his focus on building to serve both his workforce and the rental market.
This move into real estate not only marks an expansion of Moi’s investment portfolio but also plays a role in addressing the pressing housing needs in Fiji. His commitment reflects a strong belief in the growth prospects of the construction sector and its contribution to economic development.
Moi’s endeavors come amid a broader trend of real estate development in Fiji, as highlighted by other significant projects such as the Bhindi Group’s development in Nadi and governmental initiatives boosting long-term housing with lease approvals and settlement upgrades. His approach illustrates confidence in Fiji’s real estate potential and highlights the sector’s role in economic stimulation and infrastructure development. By meeting housing demands and promoting urban growth, Moi and other developers are ensuring a robust future for the Fijian economy.
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