Blog

Keep up to date with the latest Fiji Real Estate news

2020/2021 National budget to focus on creating more economic activity

The Permanent Secretary for Economy Makereta Konrote says the 2020/2021 National Budget will be focused on creating more economic activity.

Konrote says one of the important aspects of a budget is to create an enabling environment for the private sector to be able to lead economic recovery after COVID-19.

Read More

Housing Authority receives 334 applications

The Housing Authority has received 334 applications for COVID-19 assistance. 220 applications are from the Central and 114 from the Western Division.

Read More

RBF says labour market conditions worsen while consumption and VAT collections continue to contract

The Reserve Bank of Fiji states that overall labour market conditions have worsened due to the weakening domestic economy.

The RBF says a total of 85,959 FNPF members received around $54.2 million under the COVID-19 withdrawal scheme in phase one, while 15,920 members will be paid around $17.5 million in phase two over a period of 10 weeks.

Read More

PRB has not evicted anyone from any of their flats during the COVID-19 period – Patrict Veu

Public Rental Board Acting General Manager, Patrick Veu confirms that no one has been evicted from any of their flats during the COVID-19 period, however people who were earning more than $16,500 and have lost their jobs or are on reduced hours have been reconsidered to stay in their flats.

Read More

Housing Authority and Public Rental Board appoint new Board members

Lorraine Seeto, Senikavika Jiuta, Roveen Permal, Anabel Ali and Mohit Raj have been appointed as the new board members of the Public Rental Board and Housing Authority.

Read More

112 PRB tenants handed eviction notices

Housing Minister Premila Kumar highlighted this while visiting the Natokowaqa PRB flats in Lautoka earlier this week.

Kumar says they have found out that these tenants’ income threshold is higher and they do not qualify to stay in these flats.

Read More

RISE programme hopes to improve well-being of other settlements

The Revitalization of Informal Settlements and the Environment programme hopes to expand its current operations across the country.

Coordinator Isoa Vakarewa says the programme begins its operations in identifying the need for proper sanitation, waste management and hygiene at informal settlements last year.

Read More

Housing ‘Scam’: Eight Employees From Housing Authority Sacked

The Housing Authority of Fiji is now under the spotlight after eight of its employees were sacked for allegations of corrupt practices earlier this year.

The eight employees had allegedly set up a company, bearing the same address as the Housing Authority, and were making money to develop plans and land on behalf of its clients.

Read More

Court cases await Housing Authority frauds

Fijians who acquired Housing Authority lots through dishonest means will now face legal action.

Read More

New Board members for PRB and HAF

The Minister for Housing welcomed the newly appointed board members of the Public Rental Board and Housing Authority of Fiji.

Read More

More people vacating rental properties: Dr Hassan

The occupation of rental spaces in the country is taking a dip due to the impact of the Coronavirus pandemic.

The Real Estate Agents Licensing Board has been monitoring the market whereby lots of rental properties are now vacant due to the tight budget of Fijians.

Read More

Ideal time to invest in stock market: SPX

Chief executive Krishika Narayan says while the overall statistics indicate the market is low, if an investor has extra savings and is thinking of buying shares, this is the right time.

Read More

Beware Of ‘Illegal’ Home Sales In Squatter Settlements Ministry Warns

Homebuyers are being warned to be cautious about the sale of homes located at sqatter settlements.

Read More

Businesses face toughest financial crisis

Large and small businesses are facing their toughest financial crisis with no apparent end in sight.

Read More

Let us all work together to build confidence and encourage construction activity to boost employment and revenue opportunities – AG

Minister for Economy, Aiyaz Sayed-Khaiyum says all efforts should be focused on building confidence domestically to encourage more construction activity that can result in the creation of jobs.

Read More

Town Planning Act and Subdivision of Lands Act’s Revision To Address Illegal Development

Illegal developments are rife in Fiji, however, the penalties are low and do not effectively deter people, says Minister for Local Government, Housing and Community Development Permila Kumar.

Read More

Bankruptcy looms for 512 businesses: Survey

More than five hundred local businesses have indicated they may face bankruptcy if the COVID-19 pandemic continues for another six months.

Read More

‘Housing Help Available For Loan Clients’

More than 1600 households are occupying Public Rental Board (PRB) flats and 832 households are being assisted by the Housing Assistance Relief Trust (HART), Premila Kumar said.

Read More

Sixty-six businesses closed due to COVID-19 crisis

Sixty-six businesses have closed down due the impacts of the COVID-19 crisis.

Minister for Local Government Premila Kumar says the survey conducted by municipalities highlights the virus has had an adverse effect on Fijian businesses who suffered the consequences of the economic fallout.

Read More

More job lay offs expected in the coming weeks in the tourism industry

As the tourism and hotel business transitions into the next phase of survival, operators involved in the tourism industry will be considering extended Leave Without Pay options, terminations and redundancies in the coming weeks.

Read More

FCCC assists 252 tenants

The Fijian Competition and Consumer Commission has assisted 252 tenants who have been impacted due to the COVID-19 crisis.

Read More

ANZ not in a business of repossessing customers’ properties, will continue to work with their customers – Minam BSP says it is too early to make a comment

ANZ Fiji Country Head Saud Minam says they are not in the business of repossessing their customers’ properties and will continue to work with their customers till the last resort and this could be through three months, six months or nine months principal and interest deferment.

Read More

Residents claim no freeze, reduction on weekly rent

Residents in Housing Assistance Relief Trust (HART) villages say a recent statement issued by Government of a rent freeze since March and that rent has been reduced by about 50 per cent is “not true”.

Read More

Budget to consider more support for emerging SMEs

Economy Minister Aiyaz Sayed-Khaiyum says against the backdrop of the COVID-19 pandemic, this year’s budget purse strings will be tight.

Read More

Fijian economy is expected to decline more sharply than -4.3%

The Reserve Bank of Fiji has stated that the national economy is now expected to decline more sharply than the earlier estimate of -4.3% on account of the catastrophic impact of COVID-19.

Read More

Increase in property listings: Khan

The real estate agents have seen a tremendous increase in the listing of the rental properties.

Read More

The market has become very challenging: Bayshore Director

The real estate sector has not been spared by the impacts of the Corona-virus that has affected almost every other sector of the economy.

Read More

Housing Authority gets real estate agents to sell high-end residential, civic and commercial lots

Housing Authority confirms that real estate agents will be marketing, and selling 27 high-end residential, civic and commercial lots, on behalf of the Authority.

Read More

Foreign Reserves Sufficient For Next 6 Months

The Reserve Bank of Fiji says foreign reserves are sufficient to retain imports for the next six months. In its April economic review, RBF said foreign reserves were $2.2 billion and enough to sustain imports for the next 6.9 months.

Read More

Foreign Reserves Sufficient For Next 6 Months

The Reserve Bank of Fiji says foreign reserves are sufficient to retain imports for the next six months. In its April economic review, RBF said foreign reserves were $2.2 billion and enough to sustain imports for the next 6.9 months.

Read More

Landlords Can Evict Tenants Upon Proper Notice Issued By High Court

Eviction of tenants is only legal if proper notice is provided by the High Court, said the Fijian Competition and Consumer Commission (FCCC) chief executive officer Joel Abraham.

Read More

Article of the Week

Amidst the COVID-19 crisis there is some hope for people with bank loans.

Read More

Prime Minister:Financial Opportunities For Squatters

Frank Bainimarama made the remark at the Fifth Urban Forum at the Tanoa International Hotel in Nadi yesterday .

Read More

Veivauceva Settlement residents a step closer to obtaining land lease

Residents of Veivauceva Settlement in Tacirua are now a step closer to gaining titles for the land they currently occupy.

Read More

Some major Budget announcements

The 2019/2020 National Budget has been announced with many initiatives focusing on protecting our environment, expansion of ECAL or the Environmental and Climate Adaptation Levy on goods including vehicles, increased duty on new and used hybrid and non-hybrid vehicles, targeted assistance for people, reduced government expenditure and a target of economic growth for straight 11 years.

Read More

Ministry of Housing to increase supply of housing lots and low cost housing units

Everyone is eagerly awaiting the 2019 National Budget which will be announced tonight at 7.30pm.

Read More