Denarau Waters has hit another record by selling out its entire Stage 2 in less than 2 months.
The highly anticipated waterfront land release is the residential arm of the new Denarau Island development by Avoser Limited.
The project is located on the remaining undeveloped southern half of Denarau Island.
Avoser says 100 blocks have been sold for both stages 1 and 2.
The prices of the blocks start from $609,000.
Denarau Island is a mixed‑use development that will showcase international resorts, starting with the Holiday Inn Resort, and will include a marina, commercial and industrial precincts, and the exclusive residential precinct of Denarau Waters.
Avoser director, and Denarau Island developer, Ananth Reddy said the rapid sales of both residential stages signifies the value each block represents for buyers.
Reddy says a lot of people missed out on the original Denarau development and they now have a second chance with Denarau Waters.
The lots measure 1,000 square metres and command 20 metres of water frontage.
Along with tight, 24‑hour security and privacy within a gated community, the property offers investors, resort‑style living, with buyers having ample room to build their dream homes or alternatively, getaway retreats.
Civil works are now underway and settlement for purchasers of Denarau Waters is on‑track for 2017.
Avoser’s master plan includes a flagship 300‑room Holiday Inn Resort by the InterContinental Hotels Group.
Residential buyers at Denarau Waters include local and overseas investors.
The developer will release commercial lots for sale soon.
The cost of the development will be announced later.
