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Joint venture sees "new Hawaii"

SEEMA SHARMA
Wednesday, November 22, 2006

AN American millionaire and a local realtor have joined hands to set up a real estate business in Savusavu to target up-market properties.

US investor Larry Claunch said Fiji was the Hawaii of tomorrow and its biggest asset was its friendly people.

He said visitors from all over the world would find Fiji the idyllic tropical destination without the crowds. Mr Claunch and Janen Singh have invested more than $500,000 in setting up Homes and Properties Fiji Ltd and have bought Savusavu Real Estate from Pettine Simpson, who has joined the company as a sales executive.

Mr Singh said Mr Claunch had invested more than $12 million in buying two freehold islands and had been a regular visitor to Fiji for the last three years.

He said a resort was being developed at Nukudrau Island in Natewa and he had set up a private retreat at Bekana in Udu Point.

Mr Singh said the company planned to set up offices in Nadi and Suva next year.

He said the aim of their company was to do international marketing through their website and a representative in the United States.

Mr Singh said the company's aim was to help people in search of homes to realise their 'paradise dreams'.

He said the company would be targeting up-market properties and would make Savusavu its base.

Mr Singh said Savusavu was an upcoming tourist town and with the Look North Policy in place, a lot of developments were expected.

He said the company would provide transparent services to the international and local market.


From the Fiji Times