Lux Property Projects Issues Final Warning to Investors Regarding KINARA and False Marina Bay City Claims
Lux Property Projects Indonesia has issued a further and final warning to investors regarding KINARA (also referred to as K‑I‑N‑N‑A‑R) and its continued attempts to deceive and mislead the public and investors into believing it remains associated with, authorised by, or entitled to sell property within the Marina Bay City development.
Lux confirms that KINARA has no association whatsoever with Marina Bay City and no authority, licence, or endorsement to market, sell, or represent Marina Bay City in any capacity.
KINARA has been formally bought out of Marina Bay City under a binding buyout agreement, as publicly evidenced in media releases dated 4 November and 5 November. Since that time, KINARA has:
•Breached the buyout agreement
•Failed to rectify those breaches
•Had its sales agency formally terminated
•Failed to hand over agreed digital assets, including but not limited to:
•MarinaBayCity.com
•Marina Bay Lombok Facebook page
Despite this, KINARA continues to use these digital platforms to publish false and misleading information, masquerade as Marina Bay City, and create the false impression that it remains involved in the project.
Lux warns that any investor who purchases property through KINARA, believing they are acquiring a villa or land within Marina Bay City, is not purchasing an authorised Marina Bay City product.
Lux Property Projects is the controlling owner and manager of Marina Bay City and Marina Bay Investments. Accordingly, Lux makes it clear that:
Lux will not be held responsible or liable for any investor who enters into a contract with KINARA or any of its related entities, or who pays money to KINARA or its entities, believing they will receive a villa constructed in Marina Bay City.
Such transactions are not authorised, not recognised, and not connected to Marina Bay City in any way.
Lux further warns that any purchase of Marina Bay City property that is not made directly through Lux Property Projects or Lux‑controlled and approved channels carries a serious risk of:
•Not having a villa built
•Losing invested funds
•Becoming entangled in unauthorised and invalid agreements
Lux states that KINARA is currently engaged in a systematic and hostile attempt to interfere with and damage Marina Bay City and Lux Property Projects, despite having been lawfully exited from the project.
This notice serves as a final warning to investors:
If it is not sold directly by Lux or an authorised Lux entity, it is not Marina Bay City.