Indonesia: Sinarmas invests $644m in Batam; Accor's Lombok Pullman hotel

Photo by Mandalika Resort

Indonesia real estate has been active with Singapore-listed developer Sinarmas Land Ltd – the holding entity for property companies of Sinar Mas Group announcing Rp 9 trillion ($644.85 million) plans to develop Nuvasa Bay. Also, the French hotel group AccorHotels held the groundbreaking ceremony for its Pullman hotel in Mandalika Resort, Lombok, West Nusa Tenggara.

Sinarmas Land to build Nuvasa Bay 

Nusava Bay project, which will occupy 228 hectares of land, and follows two previous endeavors by Sinar Mas – Taman Duta Mas and Palm Springs Golf & Coutry Club, said a report in the Jakarta Post.

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