18-hole golf course with villas and shopping center
Palau-Ameliik Golf Club to be located in Imul, Aimeliik is owned by Micronesia Investment Development Corporation (MIDCORP), a local investment company owned by Senator Alan and his brother Glen Seid. This is the only proposed golf course that has so far secured all the relevant ROP permit (especially EQPB permit) to begin construction. However, construction is being held back by lack of financing. Word is that when Senator Seid lost the 2000 Vice Presidential election, the well of financiers went dry. Ever since then venture capitals seems hard to come by. The project is going on about 8 years now.
Oikull Golf Resort
18-hole golf course with villas, shopping centers, etc.
This project has been held up by the land litigation in the proposed location. Environmental Impact Statement has been completed with slate of public hearings conducted already. No EQPB permit yet because of the unresolved issue of land tenure. The project was embroiled in court with regard to the land lease money. Heard that the original Japanese investors pulled out of the project. It's now about 8 years now.
In this region, Guam already have five 18-hole golf course with additional two courses at 9-holes each. And if your wondering, Saipan has more 18-hole golf course than Guam with six.
Assuming that all the above projects go forward how many more golf course investment do we need/want? Do we really have that many golf enthusiasts to "sustain the greens" in this area of the western pacific?
...the Palau Royal Resort owned by Wan-Yin Liao of Taiwan and operated by Nikko Hotel chain held its grand opening last June 28. The grand opening was graced by Taiwanese Vice President Annette Lu along with her entourage of 150 people. The $28M 158 room 5-star hotel had President Remengesau saying, "marks the beginning of Palau's economic future".
President Remengesau has confirmed that he has recieved a letter from a European owned company that is planning to invest on a bungalow type luxury resort to be located at the former Nikko Hotel site in Ngermid. The Aman Resort Group, a company that also operates hotels in Europe, Florida and Phillipines is said to have already sent down a team here to do the survey and design of the hotel. In the letter it is mentioned that the project construction will commence in October of this year and be completed two years after.
Coming in the heels of the proposed $1 billion Nautilus City project in Peleliu, the Shimao Group owned by 3rd richest man in China Xu Rongmao, is proposing to build a mega resort that is worth over $400M that will consist of over 300 hotel rooms, casino, 18-hole golf course, aquarium, yacht club, duty free shop, shopping centers, and seaside mountainside villas that will be spread over two hamlets in Melkeok. The location will encompass the Ngeburch and Ngeruliang hamlets all the way to Ngkud, Imolch, and to include the area of the causeway to Ngiwal. Construction is planned to begin next year and the project to be completed in five years.