Foreigners buying real estate in Fiji...Chinese gaining a foothold...


Upon seeing this ship from the fast moving taxi in traffic, we were curious as to the purpose of this vessel.  Upon returning home we discovered this: "The Yuan Wang 3 is at the Suva Harbour.  The vessel is used for tracking and support of satellite and intercontinental ballistic missiles by the People’s Liberation Army Navy (PLAN) of the People’s Republic of China."
Fiji is fast growing as a desired tropical paradise in which to own real estate.  A recent headline:

"November 27, 2015 1:24 pm

Fiji’s political stability spurs buyers to seek piece of paradise

The country’s return to democracy and growing economy are attracting more foreign investors to its idyllic shores

It may be several thousand miles from Hollywood and Silicon Valley but Fiji is a partial home to some of California’s more notable residents. Google co-founder Sergey Brin has a super yacht, “Dragon Fly”, lapping the crystal clear waters while film star Mel Gibson owns an island just a speedboat ride away.

The attractions are clear: a tropical climate, some of the world’s best surfing and a dazzling array of beaches. Yet while Fiji is a playground for the super-rich, it is also fast becoming a magnet for property investors."

To continue with the remainder of this news story, please click here.

Moving quickly in traffic, it was impossible to focus for clearer photos of the satellites on this Chinese ship in the Suva harbour.  For more details on this ship, please click here.
To single out China as a major player in the development market, is not unrealistic.  As we drove along the highways, we saw flags flying in the breeze one after another in groupings over massive plots of oceanfront property, all indicating future development.

With a minimum of readily available experienced labor and many Fijian already serving the needs of their own people, developing these properties may be challenging with a necessity of bringing in laborers from other parts of the world.

With the abundance of hotels and vacation homes we've noted on the two most populated islands, Vanua Levu and Viti Levu, we wonder how much in demand  houses built on large tracts of land will appeal to the general world population as a preferred retirement or vacation'/holiday property, especially during these times of uncertainty.

Many homes are offered for sale.  Here's a link to homes for sale.  Here's a link to a money converter where you can convert these prices to your country's currency.
Many times, in these past almost four months in Fiji, we've discussed how ideal Fiji may be for the retiree on a limited budget.  With reasonable rentals and housing prices, free medical care for all including visitors and expats, the low cost of purchasing groceries, vegetables with fruit for the picking on most plots of land, it could actually be the ideal environment for those on a fixed income.

A single person on standard US Social Security most likely couldn't afford it alone, but a pair living together with some back up funds, possibly could make it renting a modest home, living a lot less frugally than necessary in the US with its medical care and dental care, prescription costs, housing and food costs over the top.

That's not to say, we're considering it.  We're not.  Although, everywhere we live we engage in many conversations as to whether the current location would be a possible place to live out our days, if we ever needed to stop traveling. 

Many homes appear to be built ten to twenty years ago, prior to the economic crash.
For us, we'd only stop due to health concerns.  In that case, we may prefer to be close to topnotch medical care as opposed to the limitations of availability of the most current medical technology and procedures, such as in Fiji in the free hospital.  We've heard the care is good, although many tourists and expats choose private hospitals for a fee, as opposed to the "free" hospitals. 

Fiji is an island paradise.  The areas in which we've lived are more remote than many popular tourist locations.  Living in a house as opposed to a hotel creates an entirely different sense and feel.

Living in a house isn't luxurious or romantic when we cook, clean and fen for ourselves most days.  Here, a weekly cleaning person for three hours reduces some of the work but day to day, we live like the rest of the world; making the bed, doing dishes, sweeping the floor, cleaning the bathroom and on and on.


Pacific Harbour is exactly one of those types of neighborhood the Chinese and others will be developing in the future with homes in varying price ranges.  Some communities may be more upscale for the more affluent.
Owning a home wouldn't be a lot unlike how we're living now except those doing so may afford full time household help for all cooking, cleaning and daily tasks.  For us, even if that were possible, we imagine in time we'd become bored and antsy.

We've lived in more upscale homes in our travels.  We've lived in modest homes in our travels.  For us, its basically the same.  Once the familiarity of the lush surroundings settles in, it becomes the familiarity and joy of "how" we live our daily lives that make it rich and rewarding. 

With a pool, if possible, working wifi, a comfortable bed and furniture, and a few screens on windows, an ample size refrigerator, we feel as of its all the luxury we need.  If we have an amazing view, its a bonus.  Ants? Bugs? Mozzies?  They're everywhere regardless of the amenities or value of a property.  We've learned to live with them.

A private drive to an upscale home in our neighborhood.
For buyers of vacation property and travelers throughout the world, Fiji fulfills all of their dreams and expectations.  Thus, the purchase of real estate will continue to appeal to both individuals and large corporations.

Two weeks from today, we fly away to our next location grateful for the experience of living in Fiji on two islands for a total of four months.  Once again, on our last day, we'll include the expenses for the month in Viti Levu and a grand total for the four month period.  Perhaps, for those considering a long term stay in Fiji, this information may be helpful.

Tom's watching the clock so he can begin watching today's Minnesota Vikings football game from the NFL GamePass app (only for use outside the US) on his computer using the HDMI cord plugged into the flat screen TV.  Its funny that having a TV has become a luxury!  Oh, good grief, I was just flicking through the channels for news and found today's Vikings game, live on Fiji TV!  Go figure.

Happy day to all during this holiday season and always!
__________________________________________

Photo from one year ago today, December 21, 2014:

Tom and TJ looking out at the sea for whale blow holes, a common sighting in the area of our two vacation homes. In another day, the rest of the family would begin to arrive.  For details, please click here.
 

0 comments:

Post a Comment