New Era for Marina Bay City Lombok – Indonesia’s First Properly Planned Coastal City Moves Forward After Buyout
Indonesia, 12th Nov 2025 — Following the completion of the buyout of Kinnara, a regional real estate platform, Lux Bali Projects has officially taken full control of the multi-billion-dollar Marina Bay City development in South Lombok — marking the beginning of a bold new chapter for Indonesia’s most ambitious coastal city project. The acquisition ends Kinnara’s brief involvement in property development. The company has since decided to refocus its operations exclusively on its core strength as a real estate technology
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