[Published on Monday, March 23, 2026]
BY ALICE T CAMPBELL
The Solomon Islands National Provident Fund (SINPF) has announced that Investment and Credit Sub-Board Committee (ICC) recently visited several major property developments in Honiara to assess progress and implementation.
The Australian Government townhouses are on track for completion by March 31 2026, with a long-term lease agreement to be signed with the Government of Australia, ensuring steady rental income, a statement from the SINPF said on Tuesday last week according to their official Facebook page.
Phase 2 of the Hibiscus Executive Apartments is expected to finish by the end of this year, expanding the 24-unit complex that has maintained over 90 percent occupancy outside the Covid-19 period.
Construction is also underway on a new five-storey Heritage Park Hotel expansion, adding hotel rooms, apartments, and office space. SINPF holds a 20 percent stake in the project, alongside PNG’s Nasfund 60 percent and Hospitality Plus Hotels Ltd 20 percent, SINPF said.
At the King Solomon Hotel, jointly owned by SINPF 55 percent and the O’Neill Group with 45 percent, the first phase of upgrades includes modernized reception, dining, and kitchen facilities, plus the introduction of a microbrewery.
SINPF said these investments will strengthen property and equity values, improve tourism infrastructure, and provide new jobs for Solomon Islanders.
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