Pecatu Indah Resort to jumpstart an ailing Bali
Asia Property Report - August 22 - Newshttp://www.property-report.com/aprarchives.php?id=90&date=220806
A massive development is giving hope to Bali’s ailing property and tourism industries, recently in the doldrums following terrorist attacks on the islands tourist centers.
PT Bali Pecatu Graha has broken ground on the Pecatu Indah Resort, a 400-hectare site on Jimbaran’s Pecatu Hill, south of Bali.
During the project’s launch, BPG president director Made Putrawan invited potential investors to develop a diverse range of real estate projects in Bali, and specifically in Jimboran.
Pecatu Indah will include luxury hotels, an international standard 18-hole golf course, a convention center, shopping malls, exclusive residential areas containing magnificent homes in a variety of Balinese styles and sizes ranging in land area from 165sqm to 4,000sqm, a theme water park, a world-class hospital and a school on the site.
The project is expected to take around 15 years to complete.
The ambitious project has attracted a number of investors, including:
- Rekso Group which plans to build a top-end luxury hotel on an 11-hectare site.
- PT Intra Golflink Resorts is currently developing an 85-hectare golf course, scheduled for completion in 2007.
- Westin Group, through PT Luminary Wira Bhakti, will construct a five-star hotel in the area.
- PT Panorama Development Utama is currently developing exclusive villas and a hotel.
- Entertainment centers will be developed by PT Klapa New Kuta Beach, while the construction of residential areas will be undertaken by PT Cupumanik Griya Permai.
posted by andersonite @ 3:02 PM
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