New Fiji Land Law Implicated In Low Offering Price For Freehold Land

Plot of land on Koro Island offered for $5/acre; foreign owner must improve land or face fines, imprisonment

WELLINGTON, New Zealand (Radio New Zealand International, Jan. 4, 2017) – A plot of freehold land has gone on sale in Fiji for $US5 an acre as an amended land law starts to bite.

Under the Land Sales Act, foreign landowners who failed to build a $US120,000 house by the end of last year have to pay either a fine every six months which is equal to 10 percent of the value of their land or risk being jailed.

Realestate Fiji has now listed 1.8 hectares of oceanview land on Koro Island for less than $US10.

In an open letter to Prime Minister Frank Bainimarama, North American landowner, Karen Seaton, who was deported last year, said the sale shows owners have lost faith in the legislative system and now just want to get out.

The founder of the Fiji Land Owners association, Dave Rand, said the act was amended in 2014 to extort fines from five thousand, mostly white landowners and the scarcity of building resources following Cyclone Winston had made it impossible for all non-resident landowners to build a dwelling by the end of last year.

Radio New Zealand International
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I wonder if more land will come available during February? I would like to build a vacation home and plant out some land in high-value crops near the coast on Fiji: would there be larger plots at this cost/acre? Perhaps 100,000 acres?

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