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Title: 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 and IT platform, leaving behind its short venture into direct property development to concentrate on digital solutions for the real estate industry.With Lux Bali Projects now fully in charge, Marina Bay City is poised to become the first properly planned city ever built in Indonesia, featuring a unified vision that blends sustainability, wellness, and innovation.A City with Vision and PurposeSet along Lombok’s pristine white-sand coastline, Marina Bay City is being designed as a model for intelligent, sustainable, and community-driven urban growth. The new leadership has announced an accelerated rollout of key infrastructure projects that will establish Marina Bay City as one of Southeast Asia’s leading lifestyle, tourism, and investment destinations.Among the headline projects is a world-class convention centre, designed to attract international conferences, global events, and wellness summits — a move expected to significantly boost Lombok’s tourism profile and diversify its economy beyond traditional resort tourism.Sports, Education, and Wellness at the CorePlans for a 10,000-seat multi-purpose stadium are already underway, capable of hosting national and international sporting events, including the potential for annual NRL or AFL exhibition matches, as...

This press release is issued by King Newswire