LUX Property Group and PT Bali Real Estate Investments strongly dispute the information published on "Marina Bay City Lombok — Purchaser Contract and Delivery Status" by persons associated with Kinnara. That website is not an authorised source of information for the development now known as Nesara Bay City.
Marina Bay City was acquired by LUX Property Group in October 2025. This transaction was publicly confirmed at the time through press releases approved and published by both Kinnara and LUX Property Group.
1. Refined Development Vision
Instead of a high-rise, Dubai-style development, Nesara Bay City is planned as a low-rise, environmentally sensitive mini-city integrated with the natural landscape of South Lombok.
2. Unauthorised Material Protection
The former Marina Bay City name, materials, and contracts had allegedly been copied by unauthorised third parties, posing a serious risk of purchasers being misled into paying unverified entities.
Alleged Unauthorised Contracts and Payments
LUX Property Group and PT Bali Real Estate Investments allege that an unauthorised third-party organisation issued copied or altered Marina Bay City contracts to purchasers. It is alleged that:
- Unauthorised Reproduction: Developer contracts and project materials were copied or reproduced without proper authority.
- Diverted Bank Details: Bank account details were altered so that purchaser funds were directed to accounts controlled by third parties, including offshore accounts in Hong Kong.
- Substantial Purchaser Impact: Up to approximately 30 purchasers, and possibly more, may have paid substantial sums to third parties rather than to PT Bali Real Estate Investments, PT Marina Bay Investments, or an authorised nominated account of the legitimate developer.
- Fraudulent Signatures: Signatures appearing on certain disputed contracts were copied, inserted, or otherwise used without proper authority.
- Unapproved Payment Instructions: Disputed contracts contained payment instructions that had neither been issued nor approved by the legitimate developer.
*These are serious allegations referred to the relevant Indonesian and Australian authorities for investigation. Anyone affected should obtain independent legal advice and submit all contracts, bank-transfers, and correspondence to the appropriate authorities.
Disputed Signatures
Questions have arisen regarding contracts purportedly bearing the signature of former director Christine Natale.
It is alleged that Ms. Natale did not personally sign or authorise certain disputed contracts and that her signature was copied and inserted into documents by third parties. Statements attributed to Ms. Natale have changed over time, and allegations have been raised that she was subsequently subjected to threats, pressure, blackmail, or financial inducements.
Advisory: Those allegations are disputed and subject to proper investigation and legal proceedings. Purchasers should not rely solely upon a signature appearing on a document. The contract, authority of the signatory, payment destination, and receipt of funds must all be independently verified.
Who is Entitled to Receive a Villa?
The legitimate developer can only recognise and perform contracts that are verified as authentic and under which agreed purchase funds were received directly by the developer or an account formally authorised by it.
The mere use of names such as “Marina Bay City,” “PT Bali Real Estate Investments” or “PT Marina Bay Investments” on a document does not establish that the developer received the purchaser’s funds.
Purchasers holding disputed contracts must establish:
✓ Who supplied the contract
✓ Who signed or purported to sign it
✓ Signatory's authority to bind developer
✓ Bank account that received funds
✓ Ownership/Control of that account
✓ Developer corporate & accounting records verification
Background Checks and Public Records
Purchasers are encouraged to conduct independent due diligence regarding every company, salesperson, introducer, and principal involved in the transaction.
Relevant publicly available material may include Australian court and regulatory records, reporting concerning Eco Boss, and the ABC investigation into GIM Trading. Any conclusions should be based on verified records, not merely promotional statements or accusations published by an interested party.
Disclaimer: The conduct of the individuals and entities involved remains subject to investigation, disputed factual claims, and legal proceedings. Nothing in this notice should be interpreted as declaring any person guilty of an offence that has not been finally determined by a court.
Warning to Purchasers
Before entering into any contract or transferring funds relating to Nesara Bay City, purchasers should:
- Confirm Directly: Confirm directly with LUX Property Group that the contract is authentic.
- Verify Authority: Verify the legal identity and corporate authority of the contracting entity.
- Official Banking Channels: Confirm all bank details strictly through official LUX Property Group communication channels.
- Refuse Alterations: Refuse any request to send funds to a substituted account without formal written verification.
- Offshore Scrutiny: Be particularly cautious about payments directed to offshore or third-party accounts (e.g. Hong Kong).
- Official Receipts: Insist on obtaining an official receipt directly from the authorised developer.
- Legal Counsel: Seek independent legal advice whenever any document, signature, or payment instruction is in doubt.