GGSM Commences Development of Luxury Villas Projects in Bali [Yahoo! Finance]
GOLD AND GEMSTONE MNG INC (GGSM)
Company Research
Source: Yahoo! Finance
commenced development of two luxury villas and wellness projects in Bali, Indonesia, as part of its continued expansion into hospitality and real estate development within its Indonesia-focused business activities. The projects are being developed as upscale hospitality-oriented assets designed to align with Bali's growing demand for wellness, retreat-style, and luxury accommodation experiences. Raven Villa and Wellness Raven Villa and Wellness is a luxury wellness-focused villa development located near Nyang Nyang, Bali. The project spans approximately 22 acres and is planned to include 13 villas, a dedicated wellness facility, and an on-site restaurant, designed as a retreat-style destination serving the premium segment of the Bali market. The project is currently under construction with an estimated total development cost of approximately US$6,000,000 and an anticipated development timeline of approximately 12 months. The Company intends to market the completed project for
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