On Monday, 20th January, PARQ Ubud was formally closed down for business after the premises were issued temporary closure notices in November 2024.
PARQ Ubud, a well-known residential and creative hub, was closed down by the authorities after it was found to have been developed against a series of business, construction, and environmental regulations.
Andrej Frey, the founder and director of PARQ Ubud, was arrested on Friday, 24th January, in connection with the ‘illegal transfer of land functions.’
The German national has been the mastermind behind PARQ Developments, with PARQ Ubud standing as the most established company property.…