Free Bali Real Estate Seminars - Laws for Foreigners and How to Earn 10 % to 20 % per YR.


Whether you are a buyer, seller, broker, agent, investor, lessor or renter you can benefit from attending one of our two free Real Estate Seminars in Bali and Jakarta next month.


At these seminars PT. B.A.L.I’s Canadian President, Lawrence, a 22 yr. Bali resident, President of 14 yr. old company with 135 staff, married to Azizah, a fully Licenced Notaris will review the most recent real estate laws for Indonesians and Foreigners in detail.

Then they will also provide a full colour audio, visual presentation with many professional charts on the Past, Present, and Future of Bali Real Estate.

Free Seminar Schedules:


(1) Location: Jakarta, Indonesia, Le Meridien Hotel.

Dates & Times:

1. Thursday - Nov. 1st. 6:30 PM - 7:45 PM

2. Saturday - Nov. 3rd. 2:00 PM - 3:15 PM

Location: Jl. Jend. Sudirman No.Kav. , Kota Jakarta Pusat, Daerah Khusus Ibukota Jakarta 10220 Telepon: (021) 2513131

Limited Seating & Free Parking:

Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177


( 2) Location: Sanur, Bali, Emerald Villas,



Dates & Times:

1. Thursday - Nov. 8th. 6:30 PM - 7:45 PM


2. Saturday - Nov. 10th. 2:00 PM - 3:15 PM

Location: Bali, Emerald Villas, Jl. Karangsari, # 5, Sanur, Bali, Indonesia.

Limited Seating & Free Parking:

Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177

    Seminar Topics:

    At these seminars you will learn about:

    • The Past, Present and Future of Bali, Indonesia, Asian and Australian real estate.
    • Why a recent official clarification of foreign ownership laws allows foreigners to totally control Indonesian properties for up to 80 years without leases?
    • How to avoid legal problems and make sure a property is safe.
    • How to avoid complicated real estate laws affecting Indonesians married to foreigners.
    • Why this is the second best time to buy this century.
    • Where are the best locations to buy for maximum profits?
    • What type of properties will offer the best investment potential of *10% to 20 % per year?
    • Discover how you can sell your property fast for the highest prices and lowest commissions on a brand new web site designed after the largest most successful real estate site in America with high tech search features.
    • An opportunity for a free listing on B.A.R.E. First Class Beachfront property at almost 50% discount.
    • A Quality 5,000 m2 Bali Hotel with 12 bungalows, 3 pools and Restaurant for only $588,000.
    • Low cost properties with Luxury Villas starting as low as $158,000 for a three bedroom 650 m² 3 bedroom, 4 bath with private 9 mtr. Pool.
    • Ridiculously low priced ocean view building lots starting as low as $25,000 for 500 m².
    • Brand new Bali Luxury Retirement Villas starting at $208.00 per mth.

      Limited Seating & Free Parking:

      Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P.

      For Jakarta Seminars Sign up Here :Click Here For a Reservation

      For Bali Seminars Sign up Here :Click Here for Reservation

      Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177

      Wednesday, 17 October 2018

      Bali celebrates pulling off an extraordinary well-run successful huge conference with 36,000 delegates for the IMF – IMF-World Bank Annual Meetings Conclude With Loud Message of Solidarity


      Best Asia real estate editor's comments:
      Editor Lawrence at sunrise in Bali
      I'm sure many of my fellow hoteliers, realtors and Bali businessmen were holding their breath for the entire week last week while Bali hosted an estimated 36,000 participants of the International Monetary Fund's  yearly convention, featuring its director Christine Lagarde.
      International Monetary Fund Dir.Christine Lagarde second from left
      From what I know watching most of the news the conference went off without a hitch and even an early morning shake from a earthquake over 100 km away did not scare off any of the participants. Nobody was injured or harmed.

      In fact I was surprised at how little effect the conference had on traffic north of the airport away from the convention Centre.

      Bali convention planners and the government can boast in the future that not only did they pull off this successful convention for the IMF but also that they did it as much is 400 million rupiah under budget.

      There's no question in my mind that this will lead to more and more conventions in the future as companies and governments realize they can hold a huge conference in Bali with a hundred percent assurance that  there will not be any security risks.


      More importantly they will discover that they can hold a conference here at 40% to 50% off most resort islands in the world. And if there are any problems that can always go have a $10 massage.

      This will lead to more more conventions in the near future and as I always say Bali's real estate demand is directly proportional to Bali's tourist demand. 

      Since conventions usually attract very high end tourists or government officials I believe this will lead to a substantial increase in real estate demand in the future.

       To find out why I believe this is the second best time to buy Bali real estate this century check out our forthcoming seminars in Bali or Jakarta in the coming months at the end of this article.
      _________________________________________________________________________________

       IMF-World Bank Annual Meetings Conclude With Loud Message of Solidarity

      The 2018 International Monetary Fund and World Bank Annual Meetings concluded in Nusa Dua, Bali, on Sunday with an appeal by emerging nations to the world's biggest economies to curb rising trade tensions and volatility caused by protectionist policies. (Antara Photo/Afriadi Hikmal)
      By : Dion Bisara | on 10:01 PM October 15, 2018
      Category : Business, Economy



      Nusa Dua. The 2018 International Monetary Fund and World Bank Annual Meetings concluded in Nusa Dua, Bali, on Sunday with an appeal by emerging nations to the world's biggest economies to curb rising trade tensions and volatility caused by protectionist policies.

      The meetings ended on a high note for Indonesia, as its successful hosting of this year's event raised its standing with international dignitaries. The host nation also managed to secure a wide range of deals in infrastructure investment, monetary cooperation and disaster relief and recovery, while the economic injection from the week-long event also helped Bali recover from a recent slowdown.

      During the event, which took place between Oct. 8 and 14, the IMF, World Bank and various other stakeholders aired concern over escalating trade wars and fiscal tightening in developed economies and their impact on the global economy.


      In his speech on Friday, President Joko "Jokowi" Widodo called on countries to step up efforts to ensure that economic growth is inclusive, and that normalization of policy settings by major economies is well communicated and implemented in a timely manner with minimal adverse spillovers.

      IMF managing director Christine Lagarde said the Bali meetings have renewed the importance of multilateral coordination that is "more inclusive, more people-centered and more result-oriented." She also urged delegates to decrease trade tensions and find new ways to fix global trade rules.

      While a resolution of short-term problems in trade has yet to be seen, World Bank president Jim Yong Kim said he had observed a "spirit of solidarity" among delegates over the past week to prepare for the longer term.

      The meetings have advanced the agenda for building resilience amid natural disasters, managing national debt levels, investing in human capital and harnessing the power of financial technology to promote economic growth and lift people out of poverty. And many would like to see this level of coordination replicated in global trade and monetary policies.

      "Winter is coming in the US, Europe, Japan and China. But we want to give you the warmth, love, affection and the spirit of coordination from Bali," Indonesian Finance Minister Sri Mulyani Indrawati said on Sunday.
      Impact on IndonesiaThis year's event, which was complemented with a series of side meetings and various other events, including an investment fair and art exhibition, "represents Indonesia in the best possible way," Sri Mulyani said.


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      The meetings demonstrated Indonesia's significant capacity to organize large-scale events, especially while the country was simultaneously dealing with disaster mitigation in Central Sulawesi and also in Lombok, West Nusa Tenggara, while hosting the 2018 Asian Para Games in Jakarta.

      "For a country to be able to maintain such strong response to disaster and to hold an event like this, is truly remarkable," the World Bank's Kim on said on Sunday.

      The government expect the event's success to boost investor confidence in the archipelago.

      More than 36,300 people participated in the meetings, nearly double the initial target, with 15,000 from abroad, who "would be spokespersons for Indonesia and Bali's tourism and economic potential," Bali Governor I Made Mangku Prastika said.

      The tourist island expects the event to help the region make a swift economic recovery, as it eyes 6.25 percent annual growth this year. The province's economy only expanded by 5.6 percent annually in 2017, its slowest pace in the past six years, due to a dip in tourist arrivals after the eruption of Mount Agung.

      The central government has spent Rp 3 trillion ($197 million) on infrastructure in preparation for the event. This includes the expansion of Ngurah Rai International Airport, a new underpass and a waste processing facility. Prastika said this investment also created 32,000 new jobs on the island.

      Coordinating Maritime Affairs Minister Luhut Binsar Panjaitan said Indonesia may see additional revenue of Rp 1.2 trillion from tourism across the archipelago as many delegates were scheduled for extended their stays to take vacations in Bali, Lombok, Labuan Bajo and Lake Toba.

      Mirza Adityaswara, senior deputy governor of Bank Indonesia, said the country received an additional buffer to defend its currency with a $10 billion swap and repo agreement with Singapore's central bank.

      During the event, Indonesia also secured loan facilities of $1 billion each from the World Bank and Asian Development Bank for disaster mitigation and recovery in Lombok and Central Sulawesi.

      The country further secured investment of $13 billion in infrastructure projects from a total of $42 billion that were offered to foreign delegates on the sidelines of the event.

      "Many said they were surprised by the fact that Indonesia has so many infrastructure projects and investment instruments," Sri Mulyani said.

      "Some of them came to Bali many years ago and noticed the new airport and toll road. These showed that this country delivers on its infrastructure development and they hope there would be other infrastructure projects somewhere else in Indonesia that are viable for them to finance," she said.
      ______________________________________________________________________
      Learn about Latest Laws for Foreigners an How to Earn 10 % to 20 % Per Yr. Free Bali Real Estate Seminars


      Whether you are a buyer, seller, broker, agent, investor, lessor or renter you can benefit from attending one of our two free Real Estate Seminars in Bali and Jakarta next month.

      At these seminars PT. B.A.L.I’s Canadian President, Lawrence, a 22 yr. Bali resident, President of 14 yr. old company with 135 staff, married to Azizah, a fully Licenced Notaris will review the most recent real estate laws for Indonesians and Foreigners in detail.


      Then they will also provide a full colour audio, visual presentation with many professional charts on the Past, Present, and Future of  Bali Real Estate.

      Free Seminar Schedules:

      (1) Location: Jakarta, Indonesia, Le Meridien Hotel.

      Dates & Times:
      1. Thursday - Nov. 1st. 6:30 PM - 7:45 PM
      2. Saturday - Nov. 3rd. 2:00 PM - 3:15 PM

      Location: Jl. Jend. Sudirman No.Kav. , Kota Jakarta Pusat, Daerah Khusus Ibukota Jakarta 10220 Telepon(021) 2513131

      Limited Seating & Free Parking: 

      Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177

      ( 2) Location: Sanur, Bali, Emerald Villas, 



      Dates & Times:
          1. Thursday - Nov. 8th. 6:30 PM - 7:45 PM

      2. Saturday - Nov. 10th. 2:00 PM - 3:15 PM

      Location: Bali, Emerald Villas, Jl. Karangsari, # 5, Sanur, Bali, Indonesia.

      Limited Seating & Free Parking: Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177

        Seminar Topics:

        At these seminars you will learn about:

        • The Past, Present and Future of Bali, Indonesia, Asian and Australian real estate.
        • Why a recent official clarification of foreign ownership laws allows foreigners to totally control Indonesian properties for up to 80 years without leases? 
        • How to avoid legal problems and make sure a property is safe. 
        • How to avoid complicated real estate laws affecting Indonesians married to foreigners. 
        • Why this is the second best time to buy this century. 
        • Where are the best locations to buy for maximum profits? 
        • What type of properties will offer the best investment potential of *10% to 20 % per year? 
        • Discover how you can sell your property fast for the highest prices and lowest commissions on a brand new web site designed after the largest most successful real estate site in America with high tech search features. 
        • An opportunity for a free listing on B.A.R.E. First Class Beachfront property at almost 50% discount. 
        • A Quality 5,000 m2 Bali Hotel with 12 bungalows, 3 pools and Restaurant for only $588,000. 
        • Low cost properties with Luxury Villas starting as low as $158,000 for a three bedroom 650 m² 3 bedroom, 4 bath with private 9 mtr. Pool. 
        • Ridiculously low priced ocean view building lots starting as low as $25,000 for 500 m².
        • Brand new Bali Luxury Retirement Villas starting at $208.00 per mth.

          Limited Seating & Free Parking: 

          Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation


          Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177

          Learn about Latest Laws for Foreigners and How to Earn 10 % to 20 % Per Yr. Free Bali Real Estate Seminars


          Whether you are a buyer, seller, broker, agent, investor, lessor or renter you can benefit from attending one of our two free Real Estate Seminars in Bali and Jakarta next month.

          At these seminars PT. B.A.L.I’s Canadian President, Lawrence, a 22 yr. Bali resident, President of 14 yr. old company with 135 staff, married to Azizah, a fully Licenced Notaris will review the most recent real estate laws for Indonesians and Foreigners in detail.
          Bali seminar attendees January 2018

          Then they will also provide a full colour audio, visual presentation with many professional charts on the Past, Present, and Future of  Bali Real Estate.

          Free Seminar Schedules:

          (1) Location: Jakarta, Indonesia, Le Meridien Hotel.

          Dates & Times:
          1. Thursday - Nov. 1st. 6:30 PM - 7:45 PM
          2. Saturday - Nov. 3rd. 2:00 PM - 3:15 PM

          Location: Jl. Jend. Sudirman No.Kav. , Kota Jakarta Pusat, Daerah Khusus Ibukota Jakarta 10220 Telepon(021) 2513131

          Limited Seating & Free Parking: 

          Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177


          ( 2) Location: Sanur, Bali, Emerald Villas, 



          Dates & Times:
              1. Thursday - Nov. 8th. 6:30 PM - 7:45 PM

          2. Saturday - Nov. 10th. 2:00 PM - 3:15 PM

          Location: Bali, Emerald Villas, Jl. Karangsari, # 5, Sanur, Bali, Indonesia.

          Limited Seating & Free Parking: 



          Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177




          Seminar Topics:

          At these seminars you will learn about:

          • The Past, Present and Future of Bali, Indonesia, Asian and Australian real estate.
          • Why a recent official clarification of foreign ownership laws allows foreigners to totally control Indonesian properties for up to 80 years without leases? 
          • How to avoid legal problems and make sure a property is safe. 
          • How to avoid complicated real estate laws affecting Indonesians married to foreigners. 
          • Why this is the second best time to buy this century. 
          • Where are the best locations to buy for maximum profits? 
          • What type of properties will offer the best investment potential of *10% to 20 % per year? 
          • Discover how you can sell your property fast for the highest prices and lowest commissions on a brand new web site designed after the largest most successful real estate site in America with high tech search features. 
          • An opportunity for a free listing on B.A.R.E. First Class Beachfront property at almost 50% discount. 
          • A Quality 5,000 m2 Bali Hotel with 12 bungalows, 3 pools and Restaurant for only $588,000. 
          • Low cost properties with Luxury Villas starting as low as $158,000 for a three bedroom 650 m² 3 bedroom, 4 bath with private 9 mtr. Pool. 
          • Ridiculously low priced ocean view building lots starting as low as $25,000 for 500 m².
          • Brand new Bali Luxury Retirement Villas starting at $208.00 per mth.

          Limited Seating & Free Parking: 

          Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation


          Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177

          Unaffordability in Hong Kong property cited as key reason to invest overseas


          HONG KONG, Oct. 15, 2018 /PRNewswire/ -- For their third consecutive year, international real estate investment company IP Global has released a report that details how different regions invest in property. The findings of this report has shown that Hong Kong has been knocked from the number one spot of the world's most active investors, as the UAE has surpassed them for the first time since the study's inception.





          The study looked at 5,000 respondents across Hong Kong, UK, UAE and South Africa to find out who is investing, why they are investing and what they are investing in. They found that since the inception of the survey in 2016, the overall percentage of respondents that are currently holding investment assets has grown across all countries, with 84% of respondents from Hong Kong stating they have investments currently and 78% saying they plan to invest in the next 12 months.



          They found that the Hong Kong public are interested in investing abroad, with the most popular international property markets being Japan (35%), Thailand (21%) and the UK (both 19%). Respondents said that their key motivators for choosing to invest abroad are potential capital gains (49%), rental income (47%) and portfolio diversification (39%).

          Hong Kong respondents aged 55 and over were the most investment savvy with 89% holding investment assets. However in the 18-24 age range, only 58% said they currently hold investment assets. Hong Kong's 18-24 year-olds were also less likely to have plans to invest property in their country of residence (9%) out of the surveyed regions, compared to 23% and 24% in the UAE and South Africa respectively. Unaffordability of the local market is a key reason why people in Hong Kong choose to invest in property markets overseas (31%) and also indicates why Hong Kong'syouth aren't investing as much as other regions.

          From the data collected, it is plain to see that the rise in Hong Kongproperty prices has pushed people to invest in international markets instead as they have been unable or unwilling to pay local prices. This trend will endure; as local property prices continues to rise.


          About IP Global

          IP Global is an end-to-end international property investment company, headquartered in Hong Kong with offices in Beijing, Shanghai, London, Dubai, Abu Dhabi, Cape Town, Johannesburg and Singapore. Since our establishment in 2005, we have directed over USD2.8 billion of investment across 30 markets worldwide. Our mission is to change the way the world sees property investment, putting it on a level footing with other globally recognised asset classes. Visit www.ipglobal-ltd.com for more information.

          Notes to editors

          All figures, unless otherwise stated, are from YouGov Asia Pacific. Total sample size was 5,000 adults, of whom 2,000 were from the UK, 1,000 from UAE, 1,000 from Hong Kong and 1,000 from South Africa. Fieldwork was undertaken in late June to early July 2018, and carried out online. Quota sampling was used to ensure that the sample was representative of all online adults (aged 18+) in each country.

          SOURCE IP Global Ltd.

          The shifting face of luxury property in Hong Kong


          In 2018 luxury constitutes more than just price point, and size, it is also about location, authenticity, lifestyle and design

          PUBLISHED : Tuesday, 16 October, 2018, 12:03pm



          Victoria Allan



          COMPANIES
          Hong Kong scraps sale of The Peak plot as bids failed to meet target16 Oct 2018

          PEOPLE & EVENTS
          9 Hong Kong billionaires who made their money in real estate16 Oct 2018

          BUSINESS
          Homeowners, developers rush to cash in before further price falls16 Oct 2018

          As an old saying goes, one man’s trash is another man’s treasure, and if ever that adage could be applied to Hong Kong real estate, it’s now.

          Maybe not the trash part per se, but certainly the core idea that there are as many notions of the perfect home as there are people to live in them.

          That is even more pronounced now, at a time when the luxury property sector has stepped up its game like never before, and the demand for luxury living across all sectors gains traction. Just look at Wa Hah Estate. The converted 1959 Chai Wan factory looks like public rental housing on the surface, but underneath it’s a prime example of progressive, sustainable adaptive reuse, with a green roof and 40 per cent soft landscaping, and wellness informing its neo-industrial design backbone. If that is not a demonstration of luxury concepts exerting themselves on the mass market nothing is.

          Since Hong Kong’s prices started their unremitting march upwards in 2004, the fundamental concept of luxury property has been redefined. Back in 2004 the luxury benchmark set by most property agencies was HK$10 million (US$1.28 million), which usually bought about 1,000 square feet on MacDonnell Road. Now, that same HK$10 million gets 400 square feet in Sha Tin, or is a down payment. In its Luxury Defined whitepaper, Christie’s International Real Estate reset its super-luxury metric to a staggering US$100 million, and Hong Kong topped its list of luxury property locations for the second year running. Knight Frank, in its annual Wealth Report, noted that only in Monaco did US$1 million buy less prime floor space – 170 sq ft – than it did in Hong Kong (235 sq ft).



          Even more staggering, Hong Kong recorded its most expensive sale ever in 2017 in excess of Christie’s standard: a US$360 million block of flats slated for demolition to make way for a single home. As of May, the highest price paid globally for a home this year was US$178 million for a 9,000 sq ft Mount Nicholson house. Ranking second on the list was a 7,000 sq ft home in Malibu at just US$110 million.

          When primary sales in Tuen Mun and Yuen Long habitually crack HK$10 million, it’s time to move the bar. Admittedly the market can be confusing, as media and buyers alike tend to focus on the primary market – which is a different beast – and high-end property is often found in the secondary market. Still, it’s safe to say that premium, luxury property starts at around HK$50 million for at least 1,800 sq ft. The super-luxury sector can comfortably be placed at anything above HK$150 million. In either case, connectivity needs to be effortless, and surrounding amenities should include shopping, dining, leisure and culture. A state-of-the-art clubhouse is a must. A sprawling villa on The Peak or a penthouse flat in Repulse Bay still represents the market’s zenith.

          But then there’s that trash we were talking about. In 2018 luxury constitutes more than just price point, size and a nice gym. All new developments have a nice gym. Luxury is also about location, authenticity, lifestyle and design.

          As is the case in London, where massive regeneration projects are reshaping the very geography of “Central London,” luxury is migrating here in Hong Kong too. Don’t be surprised to see luxury blossom in spots like Kowloon Station, Kowloon Tong, North Point, and areas in the New Territories that offer quick access to China.



          Calming views of the lush greenery in the middle of the island, the distant hills in the New Territories or the water that surrounds us on all sides are becoming an expected feature of a luxury home. We look at glass and steel all day; many of us want to unwind with a bit of nature at night. By the same token, there are plenty of bred-in-the-bone urbanites that want the city at their fingertips at all times. In each case, luxury may be a spacious, tucked home in a corner of Stanley or a chic but compact smart flat in SoHo. For decades, provenance was something only Europeans with French châteaux or Scottish castles worried about, but even as new builds gain traction in luxury markets worldwide, Hongkongers are starting to look at heritage for exclusivity.

          And as we get more connected, luxury properties are starting to wear labels like handbags. The rise of the starchitect – Zaha Hadid’s Chelsea condos in Manhattan, Santiago Calatrava’s glass towers in London (by Hong Kong-based Knight Dragon) and Frank Gehry’s Opus right here in Hong Kong – and proliferation of “good” interiors (Kelly Hoppen, Philippe Starck) offer design-forward luxury that are leading the charge in making everyone’s home a bit more luxurious. You could say, redefining them.

          Victoria Allan is the founder and managing director of Habitat Property

          This article appeared in the South China Morning Post print edition as: IN HK, luxury living is popping up all over

          Sunday, 14 October 2018

          IMF-WB Meeting Believed to Encourage Bali Economy to Grow 7 Percent


          Bali and world news and views editor's comments –

          I predicted that the IMF conference would provide a big boost to the Bali economy  and it appears that it has. 

          I want to thank the IMF for holding their conference here and assumed that they really enjoyed themselves at  the same time coming coming under budget, which is always good.

          Team, CNN Indonesia | Sunday, 10/14/2018 13:26 WIB



          Illustration of the IMF-World Bank Annual Meeting. (REUTERS / Johannes P. Christo).

          Nusa Dua, CNN Indonesia - The Provincial Government of Bali believes that the Annual Meeting of the International Monetary Fund (IMF) -Bank Bank will boost their economy throughout 2018. Bali Province Governor I Wayan Koster was even optimistic that the meeting would encourage the regional economy to grow by 7 percent.

          His conviction was based on the number of participants at the meeting which penetrated 36 thousand people, far above the initial estimate of only 19,800. Previously, the government estimated that Bali's economy would grow 6.54 percent in 2018 or higher than without an IMF-WB meeting which would only be around 5.9 percent.

          'The 6.54 percent growth is calculated when the estimated number of participants is 19,800 participants now has 36 thousand. So, I estimate (Bali's economic growth 2018) can be 6.8 to 7 percent,' he told CNNIndonesia.com on the sidelines of the IMF-Bank Annual Meeting 2018 World in Nusa Dua, Bali this weekend.

          In addition to economic growth, Wayan said the annual meeting of policy makers in the world economic sector had a positive impact on infrastructure in Bali. The impact was seen from the construction of the Tugu Ngurah Rai Intersection Underpass which was able to unravel the access road congestion to Nusa Dua to increase capacity at I Gusti Ngurah Rai International Airport.

          The meeting also encouraged Bali's tourism sector. Wayan revealed that some delegates had taken the time to visit some tourism locations in Bali before the meeting was held. Therefore, Wayan is optimistic that some participants will return to Bali.

          See also: ADB Offers Rp. 15 T Loan for Handling Palu Earthquakes

          'So the participants really can enjoy, not only a serious meeting but also can enjoy the Balinese nature, the culture is very beautiful,' he explained.

          Equally important, the IMF-World Bank Annual Meeting can save Bali tourism promotion costs to 189 countries. For this reason, Wayan appealed to all Balinese people to create a safe, calm and comfortable Balinese atmosphere for participants.

          'If you use the Regional Revenue and Expenditure Budget (APBD), to come to 189 countries, it needs a long time and not necessarily,' he said.

          Furthermore, in the field of environment, Bali also got a positive impact from the meeting. The impact was obtained in the assistance of handling marine waste which has been protracted and has been estimated to cost up to Rp250 billion for three years.

          'Because there is this meeting, Bali must be clean so that the Central Government will take over it through the Presidential Regulation (Perpres 83/2018 on Sea Waste Management),' he said.

          See also: BUMN offers Rp644 T investment opportunity at IMF-WB meeting

          Tourism Minister Arief Yahya estimates the average expenditure of foreign delegates during the World Bank's IMF Annual Meeting to reach US $ 2,500 or around Rp37.98 million (assuming an exchange rate of Rp15,194 per US Dollar).

          Based on the preliminary study, at least 20 percent of the total participants in the Meeting, Incentive, Conference and Exhibition (MICE) activities will usually return to the country where the event is held. This percentage is lower than participants in sports tourism activities, such as triathlon.

          'We continue to collect data. We examine how many people come because of MICE,' Arief said on a different occasion.

          To maximize repeated visits from IMF-World Bank Meeting participants, the Ministry of Tourism (Kemenpar) in collaboration with industry players has prepared a tour package for delegates who wish. In addition, Kemenpar also used the event to promote 10 new Bali tourism destinations to the delegates.

          Based on the latest statement of the Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan, the government has only withdrawn Rp556 billion from the budgeted funds of Rp855 billion. However, the new government uses IDR192.1 billion for IMF-WB purposes.

          See also: Average Spending of Delegation of IMF-World Bank Meeting Rp.38 Million

          (Aud / AGT)

          Thursday, 11 October 2018

          Selamat Bali hari Kamis - New Bali Law - Employees must dress in traditional Balinese costume every Thursday- Wagub resmikan penggunaan busana dan bahasa Bali

          Bali news and views editor's comments:
          Lawrence, Mother Elsie and staff at opening of our first
          Bali Luxury Villas 17 years ago
          Congratulations to the Bali government and Wakil Gubernur Bali Tjokorda Oka Artha Ardhana Sukawati as indicated in the article below in Bahasa Indonesia and followed by an English version.

          A new law encourages government and private sector to have their employees dress in traditional Balinese costume every Thursday of every week to preserve the Balinese culture and language.

          Many will see this as a burden as Honolulu, Hawaii did decades ago for Aloha Fridays.After a short time people realized that this it was a great idea to maintain the Hawaiian culture and language.

          I fully approve of this recommendation by the government and will insist that our 135 employees adhere to this new law wearing Balinese Costume, and speaking Balinese as much as possible during Thursday of each week.
          Selamat Bali hari Kamis
          The following is the Bahasa Indonesia version of this article followed by an English version with Google translate at the bottom.


          Kamis, 11 Oktober 2018 21:32 WIB


          Wakil Gubernur Bali Tjokorda Oka Artha Ardhana Sukawati (Antaranews Bali/Ni Luh Rhisma/lhs/2018)
          Amlapura (Antaranews Bali) - Wakil Gubernur Bali Tjokorda Oka Artha Ardhana Sukawati meresmikan dimulainya penggunaan busana adat dan bahasa Bali secara serentak di Pura Penataran Agung Besakih, Amlapura, Kamis.

          "Semakin sedikit sekarang generasi muda yang bisa berbahasa Bali dengan baik yang sesuai dengan "sor singgih", demikian pula dengan penggunaan busana adat Bali yang terkadang sudah tidak sesuai dengan pakem yang ada," kata Wagub Bali yang akrab dipanggil Cok Ace itu saat menyampaikan sambutan pada acara peresmian tersebut.

          Oleh karena itu, Wagub mengajak masyarakat untuk kembali kepada pakem yang ada dengan menjaga dan melestarikan busana adat dan bahasa Bali yang dimiliki, sebagai bentuk rasa memiliki dan berbakti dalam memajukan adat, agama, tradisi, seni dan budaya Bali.

          "Peresmian penggunaan busana adat Bali dan bahasa Bali yang dilakukan secara serentak di seluruh Bali merupakan kebijakan program prioritas dalam bidang adat, agama, tradisi, seni dan budaya sesuai visi Nangun Sat Kerthi Loka Bali, sebagai wujud komitmen serius pada upaya pemajuan kebudayaan Bali," ucap mantan Bupati Gianyar itu.

          Selain itu, kegiatan tersebut merupakan tindak lanjut diterbitkannya Pergub Bali No 79 Tahun 2018 tentang Penggunaan Busana Adat Bali dan Pergub No 80 Tahun 2018 tentang Perlindungan dan Penggunaan Bahasa, Aksara dan Sastra Bali serta Penyelenggaraan Bulan Bahasa Bali.

          Sementara itu Ketua Majelis Utama Desa Pakraman Provinsi Bali Jero Gede Suwena Putus Upadesha menyambut baik dan mengapresiasi langkah yang diambil Pemprov Bali dalam upaya pelestarian busana adat Bali dan bahasa Bali yang diperkuat dengan diterbitkannya Pergub sebagai payung hukumnya.

          Acara peresmian di tingkat provinsi yang dilaksanakan di Pura Penataran Agung Besakih diawali dengan pementasan tari sakral Tari Rejang Renteng dan Tari Baris Kincang Kincung. Setelah itu dilanjutkan dengan pemakaian destar kepada Bendesa Adat Besakih, Jro Mangku Widiarta serta dua tokoh masyarakat yakni Prof Made Surada dan Prof I Nengah Duija oleh Wagub Bali Cok Ace.
          Acara kemudian dilanjutkan dengan persembahyangan bersama yang dipimpin oleh Ida Pedanda Gede Rai Pidada dari Griya Pasekan Klungkung.

          Peresmian penggunaan busana adat Bali dan bahasa Bali turut dihadiri oleh Ketua DPRD Bali I Nyoman Adi Wiryatama, Ketua Komisi IV DPRD Bali I Nyoman Parta, Sekda Provinsi Bali Dewa Made Indra beserta sejumlah kepala OPD di lingkungan Pemprov Bali. Rangkaian peresmian ditutup dengan Tari Rejang Giri Kusuma.
          Pewarta : Ni Luh Rhismawati
          Editor: I Komang Suparta
          COPYRIGHT © ANTARA 2018
          English Version:

          The Deputy Governor inaugurated the use of Balinese clothing and language
           Thursday, October 11 2018 21:32 WIB

          Bali Deputy Governor Tjokorda Oka Artha Ardhana Sukawati (Antaranews Bali / Ni Luh Rhisma / lhs / 2018)

          Amlapura (Antaranews Bali) - Bali Deputy Governor Tjokorda Oka Artha Ardhana Sukawati officially commenced the use of traditional clothing and Balinese language simultaneously at Penataran Agung Besakih Temple, Amlapura, Thursday. 

          "The less now the younger generation can speak Balinese well, which is in accordance with" sor singgih ", as well as the use of Balinese traditional clothing which sometimes is not in accordance with the existing standards," said the Deputy Governor of Bali who was familiarly called Cok Ace when delivering a speech at the inauguration ceremony. 

          Therefore, the Deputy Governor invited the community to return to the existing standards by preserving and preserving their traditional clothing and Balinese language, as a form of ownership and devotion in advancing Balinese customs, religion, traditions, arts and culture.

          "The inauguration of the use of Balinese traditional clothing and Balinese language carried out simultaneously throughout Bali is a policy of priority programs in the fields of customs, religion, tradition, art and culture in accordance with the vision of Nangun Sat Kerthi Loka Bali, as a form of serious commitment to the promotion of Balinese culture," said the former regent of Gianyar. 

          In addition, the activity was a follow-up to the issuance of the Bali Governor Regulation No. 79 of 2018 concerning the Use of Balinese Traditional Clothing and the Governor Regulation No. 80 of 2018 concerning the Protection and Use of Balinese Language and Literature and the Implementation of the Balinese Language Month.

          Meanwhile Chairman of the Main Assembly of the Village of Pakraman Province of Bali Jero Gede Suwena Putus Upadesha welcomed and appreciated the steps taken by the Bali Provincial Government in the effort to preserve Balinese traditional clothing and Balinese language which was strengthened by the issuance of the Governor Regulation as its legal umbrella. 

          The inauguration ceremony at the provincial level held at Penataran Agung Besakih Temple began with the performance of the sacred dance of Rejang Renteng Dance and Baris Kincang Kincung Dance. After that, continued with the use of headphones to Bendesa Adat Besakih, Jro Mangku Widiarta and two community leaders, Prof. Made Surada and Prof. I Nengah Duija by the Vice Governor of Bali Cok Ace. 
          The event then continued with a joint prayer led by Ida Pedanda Gede Rai Pidada from Griya Pasekan Klungkung.

          The inauguration of the use of Balinese traditional clothing and Balinese language was also attended by the Chairman of the Bali DPRD I Nyoman Adi Wiryatama, Chairperson of the Bali DPRD IV Commission I Nyoman Parta, Bali Provincial Secretary Dewa Made Indra and a number of OPD heads within the Bali Provincial Government. The inauguration series was closed with Rejang Giri Kusuma Dance.
          Pewarta: Ni Luh Rhismawati
          Editor: I Komang Suparta



          Activists slam police for blocking anti-IMF event in Bali

          Agence France-Presse


          Nusa Dua, Bali | Thu, October 11, 2018 | 03:08 pm
          Two members of the local preparation committee for the 2018 IMF-World Bank Annual Meetings converse in front of a sign of the upcoming event at the Bali Nusa Dua Convention Center (BNDCC) in Bali on Wednesday. (The Jakarta Post/Zul Trio Anggono)

          An alternative conference on the sidelines of the International Monetary Fund and World Bank's annual meeting this week in Indonesia has been cancelled due to pressure from national police, activists said Thursday.

          The planned event set to kick off Thursday -- the "Peoples' Global Conference against IMF-WB" -- has had its approval yanked by police, and the venue organizer cancelled, organizers said.

          "While the local police has already issued a recommendation in favor of holding the conference, the national police is now using the local village leadership and paramilitary saying that no event can be held without its permission," organiszers of the Peoples' Global Conference said in a statement.

          The alternative conference, which had attracted around 300 registrants from Indonesia and around the world, was to bring together dozens of civil society groups to draw attention to the impact of free trade and IMF-WB backed policies that critics say aggravate income inequality, abuse labor rights and hurt the environment.

          Organizers said police intelligence personnel had infiltrated the event planning team as volunteers, subjecting them to intimidation and constant surveillance.

          Hoax banners of the event carrying logos of terror-linked organizations as co-sponsors also appeared around the planned venue in Dangin Puri Kangin village, near the island's capital Denpasar, the organizers said.

          "They are trying to intimidate and even ban our democratic activity in relation to the World Bank and IMF," Kurniawan Sabar, an organizer from the Peoples' Global Conference, told AFP.

          "We were having the conference to discuss how IMF and World Bank projects affect people."

          Indonesia's national police could not immediately be reached for comment.

          Thousands of security personnel have fanned out around key venues in Nusa Dua, just south of Bali's main international airport, with some 32,000 delegates, including finance ministers and central bankers, attending the IMF-World Bank meetings.

          Delegates are focused on maintaining global growth amid increasing protectionist sentiment and escalating trade tensions between China and US.

          Sabar said the Peoples' Global Conference was looking for an alternate venue and was in negotiations with police in Bali.

          Australian House price debate goes from if they'll fall to by how much



          By business reporter Michael Janda

          Updated 19 Jun 2018, 9:09pm
          PHOTO: As auction clearance rates fall, economists expect home prices to keep following. (ABC News: Angela Lavoipierre)
          RELATED STORY: Housing market drops for first time in 6 years, driven by Sydney and Melbourne
          RELATED STORY: Investor retreat from housing market continues

          There are few topics more contentious amongst economists, and at barbeques, than the direction of Australian home prices.

          But 2018 has marked a dramatic shift in that discussion, at least amongst the economists and likely at the barbeques as well.

          In the years between 2012 and 2017, most of the conversation centred on how high home prices could rise.

          Late last year discussion heated up on whether they might fall.

          Now that all the major indices are showing falling prices, with leading indicators like housing finance and auction clearance rates showing no signs of a bounce, 2018 has moved on to a discussion of how far house prices will fall.

          The latest official Bureau of Statistics figures show residential property prices fell 0.7 per cent in the March quarter, led by the first quarterly price decline in Melbourne for five-and-a-half years and the first annual slide in Sydney in six years.
          PHOTO: The ABS home price index for the March quarter 2018 shows the biggest declines in Sydney, Darwin and Perth. (Supplied: ABS)

          Nationally, property prices are still up 2 per cent on the March quarter last year but, judging by more current CoreLogic figures, this is likely to tip into declines within the next quarter or two.

          Housing outlook for 2018
          Australia's once booming east coast markets started weakening in the second half of 2017, and most analysts tip more of the same.


          Economists and property analysts are scrambling to adjust their forecasts to catch up with the reality around them.

          SQM's Louis Christopher threw in the towel on his more optimistic forecasts last month, although the revised 4 per cent 2018 slide for Sydney and up to 3 per cent for Melbourne still look on the rosier side given recent data.

          ANZ was another institution that expected price falls, if any, to be very modest and short-lived.

          That has changed with an updated forecast released on Tuesday that predicts Sydney and Melbourne prices may decline about 10 per cent from peak to trough, with smaller falls expected in most other cities except Canberra and Adelaide, both tipped to outperform.
          PHOTO: ANZ house price forecasts predict the biggest falls over the next two years for Sydney and Melbourne. (Supplied: ANZ)

          Former ANZ economist, now at Macquarie, Justin Fabo, on Monday released his own note on home prices, also forecasting a peak-to-trough fall in Sydney of about 10 per cent, leading national falls of between 4-6 per cent over the next couple of years.

          The note, co-authored with Ric Deverell, pointed out that, despite falling 4.5 per cent since the peak last year, Sydney home prices are still up 66 per cent on their last trough in 2012.

          It also noted that Australia is no stranger to moderate home price falls after previous booms, with half a dozen other such corrections since 1980.
          PHOTO: Australia has had seven national home price corrections since 1980 and all have been moderate. (Supplied: Macquarie)

          Macquarie's economists noted that the biggest of these was an 8 per cent slide and most of the corrections had followed a rise in interest rates, something that is unlikely "anytime soon".
          Have we passed peak 'credit crunch'?

          However, not all analysts remain as sanguine about the fall in home prices.

          The economists and banking analysts at UBS have been forecasting similar moderate falls in Australian home prices to Macquarie and ANZ.

          New home buyers' credit crunch
          Home buyers could see their borrowing capacity cut by as much as 40pc due to reforms likely to be driven by the Hayne Royal Commission


          But they see the potential for much more severe falls due to the home loan restrictions being imposed by the banking regulator APRA, and amid the fallout from the financial services royal commission, which effectively accused the major banks of breaching responsible lending laws by lax testing of borrowers' ability to repay their home loans.

          On Monday, those UBS analysts put out a note warning that limits on debt-to-income ratios (DTIs) would further constrain mortgage lending and, therefore, home prices.

          UBS said APRA is looking at limiting the proportion of loans going to borrowers who have more than six times their annual income in debts.

          Given that the typical Sydney home is currently nine times the median income, while Melbourne is at eight, UBS argued such a limit would almost inevitably put further downward pressure on home prices as many potential buyers would not be eligible for a loan that was large enough.
          PHOTO: If debts were limited to six times incomes, then people on typical incomes could not afford typical homes in Sydney and Melbourne. (Supplied: UBS)



          ANZ's analysts agree that it is tighter loan restrictions that are pushing home prices down.

          "We believe the current cycle is being driven by tightening credit availability, rather than rising interest rates, which have shaped previous cycles," they wrote.

          "Investors in particular are finding it harder to access credit, given ongoing policy changes across the lenders.

          "We find that if changes to lending policies cause a 10-15 per cent decline in new loan sizes, this implies a 5-10 per cent year-on-year fall in prices."

          However, the bank argues that prices would actually be rising if it was not for the lending crackdown, due to strong employment and economic growth and continued low interest rates.

          Why housing should worry us
          It's misguided to be certain that the Australian housing market will crash, but folly to be sure it won't, writes Michael Janda.


          Macquarie's analysts argue that most of the credit tightening that is likely to occur already did between 2015-17.

          "We don't see strong incentives for banks to noticeably restrict housing credit against a relatively positive macro [economic] backdrop and given that a large share of their profits (and balance sheets) rely on housing lending," they observed.

          In fact, given that home prices have been declining at a moderate 3 per cent annualised rate nationally and 4 per cent in Sydney, Macquarie believes this is a healthy correction.

          "While market corrections are always worrisome for some, we think the regulators would be largely delighted with the orderly cooling of housing markets so far," they noted.
          Gotta have faith

          But Macquarie's analysts do still see one major risk that could transform a moderate correction into a more severe price fall.

          Economics of a housing bubble
          Bubbles are a confidence game that relies on a powerful narrative capturing people's imagination and persuading them their turn will be different, writes Timo Henckel from ANU.


          "If households were to lose faith in housing markets, given current elevated prices (particularly in Sydney), the demand for credit (particularly by investors) could fall more than we currently expect," they warned.

          "The main thing to fear for Australian housing is fear itself."

          For those who have been warning of an Australian housing bubble (myself included) this is a clear sign we are in one.

          If the market was not irrationally overvalued, there would be plenty of cashed-up value investors, not to mention would-be owner-occupiers, to step in and buy as prices fell.

          But if the main thing holding up demand and prices for expensive homes in Sydney and Melbourne is a belief that a large price fall is not possible, then you are firmly in bubble territory.

          Topics: housing-industry, economic-trends, australia

          What capital controls? This Chinese company is still buying real estate overseas

          Best Asia real estate editor's comments: 
          Best Asia Real Estate editor Lawrence in Macau 2016
          Not only are the Chinese continue to find places like London, Thailand but they will start buying Bali now that they are the number one tourist Bali and they realize that Bali real estate prices are down 20 to 50% from the 2014 highs and finally they realize we are only a 4 1/2 hour flight from Bali.

          I expect the Chinese with to be the number 2 Real Estate Investor in Bali the next 3 to 5 years taking second place only to the potential 750 million Baby Boomers in Asia. If only 1% buy Bali real estate at that's 75,000 new buyers of Bali Real Estate.

          Check out what the Chinese may be wanting to buy and buy it ahead of time on www. bestasiarealestate.com
          ___________________________________________________________________

          UK affiliate of Fosun has acquired London’s Royal Exchange for $58M


          October 06, 2018 02:00PM



          Guo Guangchang, chairman and co-founder of Fosun International (Credit: Getty Images)

          The overseas buying spree for Chinese companies hasn’t come to a complete halt – at least not for everyone.

          The United Kingdom affiliate of Fosun International, a Chinese conglomerate, has purchased London’s historic Royal Exchange building for $58.4 million, according to the South China Morning Post. The affiliate, Resolution Property, purchased four floors in the property spanning 68,000 square feet from the European investment firm MARCOL.


          The Royal Exchange in London, England (Credit: Getty Images)

          Fosun bought 60 percent of Resolution Property in 2015 for $17.9 million and uses it to buy properties in Europe. Fosun’s co-founder Guo Guangchang said in August that the company would keep trying to expand its footprint through international deals, although it has lessened its overseas investments since the Chinese government tightened rules on moving capital out of the country.

          Sign up for China Watch for weekly emails on Chinese real estate investments.

          However, Paul Hastings partner Paul Guan told the Morning Post that this did not ban companies from investing overseas entirely.

          “A lot of companies have been doing outbound investment for a long time,” he said. “They have reputable local partners, do not overbid and have proved that their overseas investments are for the purpose of diversifying their portfolios for better returns. The door on overseas investments in real estate has not shut down.” [South China Morning Post] –Eddie Small

          Most popular suburbs for Chinese property buyers

          Best Asia real estate editor's comments: 
          Best Asia Real Estate editor Lawrence in Macau 2016
          Not only are the Chinese continue to find places like London, Thailand but they will start buying Bali now that they are the number one tourist Bali and they realize that Bali real estate prices are down 20 to 50% from the 2014 highs and finally they realize we are only a 4 1/2 hour flight from Bali.

          I expect the Chinese with to be the number 2 Real Estate Investor in Bali the next 3 to 5 years taking second place only to the potential 750 million Baby Boomers in Asia. If only 1% buy Bali real estate at that's 75,000 new buyers of Bali Real Estate.

          Check out what the Chinese may be wanting to buy and buy it ahead of time on www. bestasiarealestate.com
          _________________________________________________________
          IT was once a popular time to buy Aussie real estate, but a week-long China holiday has produced a surprise from Chinese buyers this year, with data showing their home preferences are changing.

          AIDAN DEVINE
          The Daily TelegraphOCTOBER 8, 201812:00AM



          Chinese enjoyed a week long holiday at the start of October. Picture: AP/Ng Han GuanSource:AP

          CHINESE property investors have been turning away from Sydney real estate after years of binge buying of local homes.


          Last week’s ‘Golden Week’ of celebrations, a popular Chinese holiday when China-based buyers have traditionally visited Australia to purchase new housing en masse, has proved quieter than expected.

          Chinese real estate portal Juwai.com’s director Carrie Law said the holiday week, which ended on Sunday, saw fewer transactions than previous years.

          It had traditionally been a popular time to buy because it usually brought together Chinese families and allowed them time to make financial decisions together.

          MORE: Suburb defying the market slowdown

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          “We still (saw) some transactions, but it’s not the free-for-all of past years,” Ms Law said.

          “The biggest factor behind (that) is the majority of Chinese buyers in 2018 are purchasing for their own full-time use.”


          The Sydney CBD was the most popular area for Chinese buyers.Source:News Corp Australia


          Ads by Kiosked

          Countries such as Thailand, Malaysia and Japan were proving more popular because prices were lower and it was easier for Chinese buyers to send money, Ms Law said.

          Demand for Australian property from Chinese buyers has also softened in the past three months.

          Chinese buyers made 6.3 per cent fewer inquiries than in the previous quarter and 9.2 per cent fewer inquiries than over the same period last year, according to Juwai data.

          The drop coincided with a change in Chinese suburb preferences.

          The five most popular suburbs for China-based buyers over the past year were the Sydney CBD, Chatswood, Parramatta, Olympic Park and Edmondson Park.


          The Mosman area has also been popular. Picture airviewonline.com.auSource:News Limited

          The year before that, north shore suburb Castlecrag was the most popular, followed by the Sydney CBD, Marsden Park, Pyrmont and Ryde.

          “The top suburbs list is dominated by areas with the greatest amount of new development … the Foreign Investment Review Board requires offshore buyers to only purchase new property,” Ms Law said.

          Head of international for Kay and Burton Jamie Mi said mainland Chinese wanted homes that were ready to live in.

          “The ones who are using this holiday to visit and or consider purchasing property are mostly new migrants who need a genuine family home to live in,” Mi said.


          North shore hub Chatswood is still popular.Source:Supplied

          Andrew Winter: How to buy the right apartment


          Century 21 real estate agent and former investment banker Joanne Dai said it was getting harder for Chinese buyers to get their money of China and secure Australian visas.

          “I just came back from China and the biggest topic there now is immigration … people feel it’s very hard to get into Australia,” Ms Dai said.

          “It affects property investment to a certain extent, because if your family can’t come to live with you, you may have to postpone your plans. If your parents were coming, you might buy something for them to live in — but if they can’t come, then there’s no point.”

          MOST POPULAR SYDNEY SUBURBS FOR CHINESE BUYERS

          1. Sydney

          2. Chatswood

          3. Parramatta

          4. Olympic Park

          5. Edmondson Park

          6. Macquarie Park

          7. Epping

          8. West Ryde

          9. Potts Point

          10. Mosman

          Originally published as Chinese buyers’ favourite suburbs

          Bali celebrates pulling off an extraordinary well-run successful huge conference with 36,000 delegates for the IMF – IMF-World Bank Annual Meetings Conclude With Loud Message of Solidarity

          Best Asia real estate editor's comments: Editor Lawrence at sunrise in Bali I'm sure many of my fellow hoteliers, realtors ...