Thursday, 31 May 2018

Australia’s foreign real estate investment boom looks to be over. Here are five things we learned

Mei 31, 2018 3.08am WIB

Dallas Rogers

Program Director, Master of Urbanism. School of Architecture, Design and Planning, University of SydneyFIRB

This is bad news for the property and financial industries, who are already feeling the pressure of weak household income growth, tighter lending restrictions on local borrowers, and a slowing in housing market activity in key Australian cities.

FIRB suggests that declining demand from China is a factor in the overall decline in overseas approvals. Chinese demand may have been weakened by a range of factors, including the new FIRB application fees, Chinese overseas direct investment capital controls, and the changing global economy.

But if the cycle is moving from boom towards bust, we have learned several things along the way.

Baca juga: Essays On Air: Australia's property boom and bust cycle stretches back to colonial days
Lesson 1: We still need more data

In 2014 the House of Representatives Standing Committee on Economics undertook an inquiry into foreign investment in residential real estate. It acknowledged the growing public disquiet about the level of this foreign investment, adding that:

…there is no accurate or timely data that tracks foreign investment in residential real estate. No one really knows how much foreign investment there is in residential real estate, nor where that investment comes from.

Four years on, FIRB is still flagging the limitations of data collection and analysis. Without fine-grained data, it’s hard to forecast how much, if at all, the injection of foreign capital can push up local house prices.

The latest figures come with a caveat. The approvals data represent potential investment, rather than actual investment. There are key differences between the two. Potential investors might, for example, seek approval for multiple properties while only intending to buy one of them.

We need the government to collect more extensive and detailed data on individual foreign real estate investment, and make it publicly available. This needs to cover more than approvals data at the city level, but data on investment levels in neighbourhoods or even individual housing developments.
Lesson 2: People on the property ladder are less hostile to foreign buyers

Data from Sydney reveals widespread concern about foreign investment. Almost 56% of Sydneysiders believed foreign investors should not be allowed to buy residential real estate in Sydney. Only 17% of respondents in our study thought the government’s regulation of foreign housing investment was effective.

Just over half of Sydneysiders say they would not want Chinese investors buying properties in their suburb. And 78% thought foreign investment was driving up housing prices in greater Sydney.

Yet those who have real estate investments were more likely to support foreign investment than those who don’t. This suggests that Sydneysiders with equity in the housing market, such as homeowners or investors, might view foreign buyers pushing up housing values as positive. And they might fear that the new decline in foreign investment might depress their assets.

Baca juga: Sydneysiders blame foreign investors for high housing prices – survey
Lesson 3: Housing is built with specific buyers in mind

When Chinese real estate investment started to rise significantly in 2013-14, property developers scrambled to model this new emerging market. The real estate media rushed to map out where Chinese investors were keenest to buy, and how best to design and market property developments to this new foreign client base.

In early 2012, Larry Schlesinger quoted the demographer Bernard Salt as saying:

The growing numbers of Chinese and Indian migrants in Australia means property investors need to consider the cultural sensitivity of the residential property they purchase to ensure they maximise the resell value.

Between 2013 and 2017, property developers, both local and foreign, regularly contacted me to ask if I had any up-to-date research on foreign investors’ consumer preferences and market forecasts. I did not. But there was no shortage of advice out there, covering everything from feng shui-informed housing design to the key needs of foreign university students.

Some global real estate agents suggested to their clients that they could buy an Australian home to accommodate their child while they were studying at an Australian university, and then use the capital gain from the property sale to pay back the tuition fees.

Many property developers were formulating medium- to long-term development pipelines that included the foreign capital and consumer preferences of foreign investors. It is unclear, now, whether much of this housing stock will ever be built. If it is, will it suit the changing future needs of our cities, or address our ongoing housing affordability problems?

In other words, what sorts of properties will be left as the legacy of the recent foreign real estate investment mania?
Lesson 4: Racialised housing debates are simplistic and harmful

We need to take care not to conflate domestic Chinese-Australian buyers with international Chinese investors. Much of the media coverage of the new report features stereotyped images of Asian families buying an Australian home. But given the foreign investment rules and logistics involved, these pictures are far more likely to depict Chinese-Australians than foreigners.

Understanding the long-term migration and education plans of the investors is important too. Different investor groups will interact with the city in different ways, and their impact on society can be vastly different too. For example, super-rich absentee investors will have a different impact on neighbourhood life compared with that of middle-class migrants or international students.

If the federal government wants to court foreign investment, then better education about the possible risks and benefits of individual foreign real estate investment is needed. Our research suggests that the government’s pro-foreign investment stance must be accompanied with strategies to protect intercultural community relations in Australia.
Lesson 5: The boom-bubble-bust cycle goes on

In 1982, Maurice Daly wrote in his classic book Sydney Boom, Sydney Bust that the:

…fluctuation in property prices recorded for Sydney have been caused by the forces linking the city to the Australian economy and to the remainder of the world.

Daly charted the influx of foreign people and capital into Sydney between 1850 until 1981, as wealth was channelled through the financial services sector and into urban real estate. Along the way, he observed that one “group to attract the abuse of the general population were the Chinese”.

Domestic and foreign real estate investment have long been connected to the financial services industries, and the built environment is central to creating and storing surplus capital. Australian cities continue to be heavily influenced by global money today.

A key lesson is that domestic and foreign housing booms, bubbles and busts are thus better understood as cycles within our housing and financial system, rather than as a set of short-term ruptures to this system.

We need to think about the collective impacts of domestic and foreign real estate investment over the long-term in our cities if we are serious about addressing housing inequality.

Price list of the world’s costliest tower starts doing the rounds as new owners look for buyers

PUBLISHED : Wednesday, 30 May, 2018, 10:51pm
UPDATED : Thursday, 31 May, 2018, 12:54pm

Maggie Zhang

Hong Kong propertyLi Ka-shingProperty investment

China-backed buyer seeks 90 per cent loans to fund The Center deal12 Dec 2017

Who are the Hong Kong buyers of the world’s costliest tower?3 May 2018

Will Hong Kong rents soar higher after The Center’s record sale?7 Nov 2017

Owners of world's priciest office tower say new tenants will pay even more5 Apr 2018

Hong Kong tycoons replace mainland buyer of world’s priciest office tower28 Feb 2018

When will it end? Hong Kong home prices rise again31 May 2018

Builders welcome transparency in Hong Kong redevelopment project30 May 2018

Office space in world’s most costly area is set to cross all-time high30 May 2018

A price list of 48 floors of The Center, the world’s costliest tower bought by a consortium of investors from Hong Kong, is being circulated to gauge market sentiment for a possible resale, hardly a month since the record HK$40.2 billion (US$5.2 billion) deal was completed.

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In early May, the C.H.M.T Peaceful Development Asia Property group – led by Hui Wing Mau, Shimao Property Holdings’ founder, and Forbes’ wealthiest woman of 2017 Pollyanna Chu – closed the takeover of Li Ka-shing’s The Center building in downtown Central, in the world’s biggest real estate transaction.

The list, containing asking prices for the resale units by the investors of the consortium, was sent to potential buyers by property agents, asking for a premium of up to 66 per cent.

The list being circulated also shows each floor’s owner from the 19th floor to the 78th of the world’s priciest office building in downtown Central.

For instance, Hui owns the 31st, 32nd, 36th, 37th, 55th, 56th, 62nd, 63rd, and 76th floors of the 73-storey building.

Although the authenticity of the list was yet to be confirmed, one investor in the consortium said “some of the information is correct but some are not.”

“For example, I am asking for HK$50,000 per square foot, but the list shows HK$48,000,” said an investor in the consortium who declined to be named.

While another investor Lo Man-tuen, chairman of Wing Li Group (International), said that he had not cut asking prices, declining to give more details.

Hui and Chu have taken up the 55 per cent stake formerly owned by mainland’s China Energy Reserve & Chemicals Group in the consortium, handing the city’s fifth tallest tower back into the hands of Hongkongers.

In November, a day after the sale was announced, brokers had already started hawking the same space at a 50 per cent premium of HK$50,000 per sq ft.

The consortium paid HK$33,000 per square foot.

Additional reporting by Peggy Sito

Monday, 28 May 2018

Bali enjoys ten day Holiday of Galungan and Kuningan

From All of Us at PT. Bali Affordable Lifestyles Int, Pt. Bali Luxury Villas and Best Asia Real Estate.

Editors Note : Every day is a holiday in Bali

As I have said many times before "every day is a holiday in Bali" not only for the tourists but also the Locals.  

Tomorrow May 28 th. will be the start of a 10 day holiday period for Bali's Hindus, Galungan and Kuningan.

For  businesses it is one of the very few problems that we face in Paradise as we try to schedule our employees to maintain high quality services with 80% + occupancies.

Galungan is the most important feast for Balinese Hindus, a celebration to honor the creator of the universe (Ida Sang Hyang Widi) and the spirits of the honored ancestors.

The festival symbolizes the victory of good (Dharma) over evil (Adharma), and encourages the Balinese to show their gratitude to the creator and sainted ancestors.

Offerings to the Ancestors

Galungan occurs every 210-days in the Balinese calendar, and marks the time of the year when the spirits of the ancestors are believed to visit the earth. Balinese Hindus perform rituals that are meant to welcome and entertain these returning spirits.

The house compounds that make up the nucleus of Balinese society come  alive with devotions offered by the families living within. Families offer bountiful sacrifices of food and flowers to the ancestral spirits, expressing gratitude and hopes for protection. 

These sacrifices are also offered at local temples, which are packed with devotees bringing their offerings.

The whole island sprouts tall bamboo poles called "penjor" - these are usually decorated with fruit, coconut leaves, and flowers, and set up on the right of every residence entrance. At each gate, you'll also find small bamboo altars set up especially for the holiday, each one bearing woven palm-leaf offerings for the spirits.

Intensive Preparations

The preparations for Galungan begin several days before the actual feast day.

Three days before Galungan - "Penyekeban" - families begin their preparations for Galungan. "Penyekeban" literally means "the day to cover up ", as this is the day when green bananas are covered up in huge clay pots to speed their ripening.

Two days before Galungan - "Penyajahan" - marks a time of introspection for Balinese, and more prosaically, a time to make the Balinese cakes known as jaja

These colored cakes made of fried rice dough are used in offerings and are also eaten specially on Galungan. This time of the year finds a glut of jaja in every village market.

Tomorrow May 29th. a day before Galungan is"Penampahan", or slaughter day - Balinese slaughter the sacrificial animals that will go into the temple or altar offerings. Galungan is marked by the sudden surplus of traditional Balinese food, like lawar (a spicy pork and coconut sauce dish) and satay.

Galungan Day May 30 th.
 On Galungan day itself, Balinese devotees pray at the temples and make their offerings to the spirits. Women are seen carrying the offerings on their heads, while men bring palm fronds.

The day after Galungan, Balinese visit their kinfolk and closest friends.
The tenth day after Galungan - "Kuningan" - marks the end of Galungan, and is believed to be the day when the spirits ascend back to heaven. On this day, Balinese make special offerings of yellow rice.

Ngelawang - Dance of the Barong

Ngelawang: During Galungan, a ceremony known as Ngelawang is performed in the villages. Ngelawang is an exorcism ceremony performed by a "barong" - a divine protector in the form of a mythical beast.

The barong is invited into houses as he makes his way through the village. His presence is meant to restore the balance of good and evil in a house. The residents of the house will pray before the dancing barong, who will afterwards give a piece of his fur as a keepsake.

After the barong pays a visit, it is important to make an offering of a canang sari containing money.

A Treat for the Senses

While the actual festivities are open to Balinese only, tourists who visit Bali during this holiday get an eyeful of the local color.

It isn't every day you see richly-dressed women crossing the street to make food offerings to the local temple - and there's something festive about the penjor swaying in the wind everywhere you look!

During Galungan, some local restaurants ride the rising demand for Balinese food by offering specials on all sorts of native dishes. This is a great time to try Balinese food for the first time!

On the downside, many places will be closed for Galungan, as their devout Balinese employees will likely be going to their respective villages to celebrate.

As the Balinese calendar follows a 210-day cycle, Galungan happens twice a year roughly every six months. 

You might want to reserve a Bali Luxury Villa  in Bali early for these days, as holiday-goers from all over are making Galungan plans of their own!

Real estate boom in the Illawarra appears to be coming to an end:

 UOW professor Alex Frino

Brendan Crabb
 Local News

The real estate boom in the Illawarra over the past several years appears to be coming to an end, an academic says.

He also believes the weakening in property markets is bad news for the construction boom and the Illawarra economy.

The latest house price data from CoreLogic indicates that the value of real estate in the Illawarra for the first four months of this year increased by 0.8 per cent.

This is in comparison to the same period last year, when prices increased by 4.8 per cent.

“This is the weakest result in many years,” Alex Frino, Professor of Economics and deputy vice-chancellor at the University of Wollongong said of the latest figures.

“Over the past five years, the first four months of each year have yielded house price increases averaging 3.5 per cent.”

The same data also shows that unit prices in the Illawarra fell by more than two per cent in the first four months of the year.

“This is also in sharp contrast to the previous five years, which experienced an average increase of more than two per cent for the first four months of each year,” Prof Frino said.

“All this data points to one thing. It seems that the real estate boom experienced by the Illawarra over the past five or six years – which delivered house price increases of 70 per cent and unit price increases of 57 per cent to December 31, 2017 - is coming to an end.”

Read More: Is the Illawarra property boom over? A UOW analyst weighs in

However, despite this Prof Frino said house prices in the Illawarra are still holding up relative to NSW and Australia, which experienced falls in house prices in the first four months of 2018.

Meanwhile, the Illawarra’s April unemployment figures released by the Australian Bureau of Statistics showed unemployment at 5.2 per cent.

Alex Frino, Professor of Economics and deputy vice-chancellor at the University of Wollongong. Picture: File image

“This is the second lowest April unemployment rate reported for the region in 10 years, and continues to underscore that there is an economic boom in progress in the Illawarra region,” Prof Frino said.

“This economic boom in the Illawarra since at least 2011 has been underpinned by a construction boom, which has been fed by the fast rising house prices and historically low interest rates which have provided property developers with the motive and opportunity for bringing on property projects.

“Consequently, we have observed very strong growth in building approvals over the past five years which have increased from less than $150 million per quarter in 2011 to almost $300 million per quarter over the past 12 months.”

Prof Frino said the weakening in house prices and the predicted increase in interest rates over the next 12 months will likely result in a weakening of the region’s construction sector and the end to the economic boom.

Read More: Multi-million dollar Warilla home has ultimate ‘man cave’

Sunday, 27 May 2018

Mark Bouris throws support behind long-term leases for Australian cities

Editor's Comments: As shown below Australia is now considering long term leases.
Maybe they can learn from Bali where we have always offered long term leases, up to 80 years.

Many Australian Baby Boomers have already purchased them and a large portion of Australian seniors are considering moving to or investing in Bali.

For the same price as a  three bedroom quality apartment you could move to Bali and buy 2 -200 m2 luxury two-bedroom villas with private pools.
Starting at A $198,000 
Rent one out for positive cash flow of $2,000 per month and live like a king in the other one with your private maid at $150 per month. 

Learn more at our free seminars being held in Sydney and Auckland the next two months.

See details following this article

To attend our Free Seminars describe after this following article simply sign up here.

Free Seminar Schedule:

1. Sydney: Saturday - June. 23rd. 2:00 PM - 3:45 PM  SIGN UP HERE

2. Sydney: Tuesday - June. 26th 6:30 PM - 7:45 PM  SIGN UP HERE

Auckland: Thursday - July. 19th 6:30 PM - 7:45 PM SIGN UP HERE

Auckland: Saturday - July. 21st 2:00 PM - 3:45 PM  SIGN UP HERE

Businessman and TV presenter Mark Bouris. Photo: Rob Homer

Mark Bouris throws support behind long-term leases for Australian cities

He made his fortune selling home loans, but now Mark Bouris is advocating a change to tenancy laws, saying the government should aid the introduction of long-term leases.

Bouris said Australian cities including Sydney and Melbourne need a rental system for tenants similar to Paris or New York, where long-term leases can typically last for decades.

“I think we could end up there, maybe not right at the moment but we will end up there,” he said. “What’s going to happen, with lending regime the way it is, you’re only going to get certain numbers of people who can afford to, or be qualified, to buy an investment property.

Bouris says Australia should embrace a rental system like Paris has. Photo: Peter Braig

“They’ll just keep buying all the investment properties,” Bouris said. “What they’re better off doing is actually putting good tenants in there and putting them in there for 30 years”.

“If you get a good tenant you should stick with them, that’s the bottom line,” he said.

Bouris, starring in television show The Mentor on Channel Seven (based on his podcast of the same name), has his own theory about renting versus buying.

“I have a view on real estate ownership, nobody actually owns real estate. You can’t lay down and hug it on the ground, you don’t own it, OK? What you have is the right to occupy against everybody else,” Bouris said.

“Now whether it’s for life, or the rest of your life, or for forever … it might be a 90 year lease or the next 25 years, it’s all the same, we’ve just got the right to occupy. And all we are is minding that bit of real estate, looking after it for the next 20 or 30 years or for the rest of my life, until the day I die.

“So the concept of ‘do I own, do I rent?’ I think it’s nonsense,” Bouris said.

The Victorian government announced last year tenants in the state would be allowed the option of 10-year leases as part of a standard tenancy agreement.

Bouris said despite Australia’s obsession with buying houses, long-term renting is seen as completely normal in other major cities, “especially in Paris”.

“And you can transfer the lease [in Paris],” he said. “I buy the lease from you, I get the lease, it’s a good deal, it might have another 20 years on it.”

The businessman described it as “an Australian thing” to be caught up in the labels of buying versus renting.

“But I don’t think young people think that way,” he said. “In our age group, it’s a status symbol, it’s an Australian thing and I think it’s an American thing too, but it’s not European”.

He said removing the need to keep up with the Joneses “would take a lot of pressure off everyone, everything”.

“Maybe the government should be doing something to encourage people to offer long leases and to people to take long leases and make them tradable.”

“I’d love to see that actually, I think it’s great,” Bouris said.

Mark Bouris stars in The Mentor on Seven on Mondays at 9pm. His podcast The Mentor is available via PodcastOne.


According to PT. Bali Affordable Lifestyles International. (PT. B.A.L.I.) who have managed award winning PT. Bali Luxury Villas for the past 13 years, an ever increasing numbers of Baby Boomers are retiring in Bali each year. 

Fact is that 25% of the world’s population, born between 1946 and 1964 labelled as the baby boom generation are now retiring. 

A large portion of those boomers are currently living near Bali will want to retire here adding a whole new demand for Bali real estate for the next five to ten years.

PT. B.A.L.I. reveals that of the 55 Luxury villas that they manage less than 5% were occupied by Baby Boomers 13 years ago. Now over 25% are full-time retirees.
P.T. B.A.L.I.’s research department has recently concluded that in the coming years Asian and Australian baby boomers, within a few hours flight from Bali will choose Bali as their retirement location. 

For example, in Australia it is estimated that 25% of its 25 million population are baby boomers. 

That means there are going to be 6,250,000 boomers seeking less-expensive, more comfortable retirement locations soon. 
According to a recent poll "50 % of Australians are now buying outside of  Australia". Bali will certainly be on their short list.

"50 % of Australians buying outside Australia"

Add another estimated  1% of the 1,250,000 New Zealand Baby Boomers and Bali may have a huge increase in real estate demand from these two counties alone.

If Bali only receives 1%, of those Boomers that is 6,250 Australian and 1,250 New Zealand baby boomers seeking to buy or lease a Bali home for the next five to twenty years. 

Add to that new demands from the 1 % of boomers from Japan, China, Korea, Taiwan, Singapore and Jakarta who want to retire in Bali that is another 7.5 Million buyers.

You don't have a P.H.D. in Economics to conclude that these new demands on Bali's limited real estate supply will drive demand and prices through the roof the next five to ten years.

The reasons for Australian’s retiring in Bali are numerous. As one long time Australian resident of PT Bali Luxury Villas in Sanur stated, “it just doesn’t get any better than Bali”. The cost of living that is estimated to be over 60 % less than Australia is one of the biggest draws

Here are the main reasons Baby Boomers are retiring in Bali.
  1. According to research competed this month by PT. B.A.L.I., Overall Bali is 62% less expensive for baby boomers to live than in Sydney or Auckland.
  2. Home prices are 60% to 70% less to rent, lease or purchase.
  3. Transportation is also 60% to 70% less. 
  4. Proximity to Australia, 6 ½ hrs. to Sydney, 2 ½ hrs. to Perth or Darwin.
  5. Bali’s crime rate Index is 30 versus Sydney at 38, or 21 % less.
  6. Great year-round Average temperature of 30°C.
  7. Balinese are some of the friendliest and most honest people in the world.
  8. Large 2-bedroom, 2-Bath Luxury Villas with private pool starting as low as $200,000.

    Free Educational Seminars: 
    Bali, Sydney, Auckland.

Discover how you c
an retire in Bali and live in luxury with private maids for a fraction of what it cost in the west.
Attendance is free and thoroughly educational from a 21-year expert on Bali real estate.

Free Seminar Schedule:

1. Sydney: Saturday - June. 23rd. 2:00 PM - 3:45 PM  SIGN UP HERE

2. Sydney: Tuesday - June. 26th 6:30 PM - 7:45 PM  SIGN UP HERE

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Auckland: Saturday - July. 21st 2:00 PM - 3:45 PM  SIGN UP HERE

Avoid disappointment sign up now or obtain more information.  

Email: or Tel: Office: 62-361- 284069 

For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177

At these seminars you will learn about:

-The Past, Present and Future of Bali and Indonesian real estate. 

-Why a recent official clarification of foreign ownership laws allows foreigners to totally control Indonesian properties for up to 80 years. 

-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 retire buy for maximum profits? 

-What type of properties will offer the best retirement benefits and 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. 

-Low cost properties with Luxury Villas starting as low as U.S. $158,000 for a three-bedroom 650 m² 3-bedroom, 4 baths with private 9 mtr. Pool.

-Ridiculously low-priced ocean view building lots starting as low as U.S. $25,000 for 500 m². 

-Ocean front property in first class complex at 50 % off 2014 prices. Brand new retirement villas starting at U.S. $195,000.

- Brand New First time offered two bedroom, two bath 200 m2 private Bali Luxury Retirement Villas stating at $198,000.

Free Seminar Schedule:

1. Sydney: Saturday - June. 23rd. 2:00 PM - 3:45 PM  SIGN UP HERE

2. Sydney: Tuesday - June. 26th 6:30 PM - 7:45 PM  SIGN UP HERE

Auckland: Thursday - July. 19th 6:30 PM - 7:45 PM SIGN UP HERE

Auckland: Saturday - July. 21st 2:00 PM - 3:45 PM  SIGN UP HERE

*Important Notice. Seminars are informational seminars only. No sales or orders will be taken at the seminars. The location of the Sydney and Auckland seminars will be announced after we determine the size of audience the week before the seminars.

About PT. B.A.L.I.

Pt. Bali Affordable Lifestyles International (PT. B.A.L.I.). does business as Best Asia Real Estate and Manages PT. Bali Luxury Villas
Partner, Notaris Azizah , Owner, President Lawrence
It is owned by a Canadian 21 year resident of Bali who is a Developer, Realtor, and Hotel General Manager.

His partner and spouse is a fully licensed Indonesian Notaris with a master’s degree in Indonesian Law specializing in real estate, corporate and Marital documentation. 

Their 135 professional staff provide a one stop professional, efficient location for Buying, Selling, Leasing and Renting Asian Real Estate.

135 Staff Strong Award Winning PT. B.A.L.I.

           They are a Seven-time Consecutive Certificate of Excellence recipient on the Worlds Largest Travel Site. This places them among the top 10 % of hotels and villas listed by Tripadvisor worldwide.

"Recipients Hall of Fame Award, awarded to only 2 % of the Hotels listed on TripAdvisor World Wide"
They are also one of Asia’s best-known travel and real estate investment experts. 

They publish the daily Bali & World News & Views Blog which combined with Bali News and Views Blog has had almost 1,500,000 pageviews. They also publish the Best Asia Real Estate BlogFacebook and Twitter posts. They offer free real estate seminars throughout Asia every quarter.  

     Head Office: Jl. Karangsari # 5, Sanur, Bali, Indonesia 80228
Tel. Office: 62-361-284069 Fax: 62-361-270143
Branch Office: Bali Paradise Beach Estates, Pantai Purnama
Mobile: or WhatsApp: English: 62-8123814014 Bahasa Indonesia: 62-8113864993 Email: Skype: baliagents 

Disclaimer: All information presented above is considered true and reliable to the best of our knowledge at the time that it was published. Information and prices may change without notice. The owners of PT. BALI AFFORDABLE LIFESTYLES INTERNATIONAL doing business as BEST ASIA REAL ESTATE and PT. BALI LUXURY VILLAS accept no responsibility for incorrect information listed herein. All recommendations may lose value in the future.

TripAdvisor issues Hall Of Fame Award to Bali's PT. Bali Luxury Villas for the second time..


Fourteen year old PT. Bali affordable Lifestyles International (PT. B.A.L.I.) is pleased to announce that PT. Bali Luxury Villas, managed by them has received the prestigious TripAdvisor Hall Of Fame Award for the second time.
Welcome to the Certificate of Excellence Hall of Fame
Because you've earned a Certificate of Excellence every year for the past five years, we're pleased to announce that Emerald Villas has qualified for the Certificate of Excellence Hall of Fame.

This is the top award from Tripadvisor and is only awarded to Hotels and Villas that have received their ® Certificate of Excellence award for the past five consecutive years.

This places PT. Bali Luxury Villas among the Top 2% of Hotels and Villas Listed on Tripadvisor Worldwide.

"Top 2% of Hotels and Villas Listed on Tripadvisor Worldwide"

PT. B.A.L.I. President/Owner Lawrence Bellefontaine, and Spouse/ Co-Owner Siti Nur Azizah exclaim “We are very proud to receive this special award once again. It is testimonial to the professionalism of our 135 staff who go out of their way every day to make sure that every guest’s stay is far better than they expected”.

"Far better than they expected”.

Lawrence also states, “the secret to their success is that he consistently instills in his staff the philosophy that "success is not measured by getting there but by staying there" He stresses "consistent quality is the only way to stay successful.”

“Success is not measured by getting there but by staying there”

“TripAdvisor is excited to announce the recipients of the 2018 Certificate of Excellence, which celebrates experiences and other travel businesses that have consistently received strong praise and ratings on the world’s largest travel site,” said Heather Leishman, vice President of Industry Marketing, TripAdvisor.

“This recognition allows us to publicly honour businesses that are actively engaging with customers and using feedback to help travellers identify and
confidently book the perfect trip.” 

The Certificate of Excellence accounts for the quality, quantity and recency of reviews submitted by travellers on TripAdvisor over a 12-month period.

To qualify, a business must maintain an overall TripAdvisor bubble rating of at least four out of five, have a minimum number of reviews and must have been listed on TripAdvisor for at least 12 months.

PT. B.A.L.I. manages PT Bali Luxury Villas who provide 55 Bali Luxury Villa Rentals in Sanur staring at $128.00 per night for a huge 350 m2 + Villa with private 9 mtr. Pool and full time private housekeeper.

Bali Luxury Villa Rentals in Sanur staring at $128.00 

About TripAdvisor:

TripAdvisor, the world's largest travel site*, enables travellers to unleash the full potential of every trip.

With over 600 million reviews and opinions covering the world's largest selection of worldwide travel listings approximately 7.5 million accommodations, airlines, attractions and restaurants TripAdvisor provides travellers with the wisdom of the crowds to help them decide where to stay, how to fly, what to do and where to eat.

TripAdvisor also compares prices from more than 200 hotel booking sites, so travellers can find the lowest price on the hotel that's right for them. TripAdvisor-branded sites are available in 49 markets and are home to
the world's largest travel community of 455 million average monthly unique visitors**, all looking to get the most out of every trip. TripAdvisor: Know better. Book better. o better.

Recent Tripadvisor Testimonials:

Reviewed 2 weeks ago
Great destination for a value for money relaxing holiday

Great vacation, fantastic location with access to beach, water activities, an almost private pool and local experiences including fabulous massages. We had comfort of a home, the care and amenities of a 4 star hotel. We could step out and access all levels of spas,...More
Review collected in partnership with RCI

Thank katkaushik

Tamara S
Darwin, Australia
Reviewed 3 weeks ago via mobile
Fantastic accomodation - every facility

We stayed here with another couple in the two bedroom villa and could not fault anything. We are very self sufficient but the staff were amazing and the facilities were second to none. Who can fault having your own housekeeper every day that cleans and...More

Thank Tamara S

Mandurah, Australia
Reviewed 2 April 2018 via mobile

Booked a two bedroom private pool villa

Perfect! Outstanding! Pay a $2-$3 taxi to Sindhu Beach for bargains and fresh meals on the beach...❤️❤️❤️🙏🏽🙏🏽🙏🏽💕💕💕... these private pool villas are the BEST! We had ‘MY VILLA’ and I can’t say enough about how peaceful and private it was.....oh and clean. The bed was...More

1 Thank DebbieSharman

Anthea E
Adelaide, Australia
Reviewed 31 March 2018

Wow, what a great place, plenty of space for family or friends get together. We stayed in a 4 bedroom Villa (2 adults, 4 kids). Each room had it's own toilet and shower. Kids loved the private pool in the middle of the yard. Villa...More

1 Thank Anthea E

Olga T
Reviewed 10 March 2018
Great location

We were booked in due to an error I made with my original accommodation booking, but it paid off. The villa itself was beautiful and extremely clean, I would recommend this place to anyone. The location is great, close to the Main Street in sanur,...More

1 Thank Olga T

Korean buyers pursue overseas acquisitions despite pandemic related disruptions - CBRE

Korean buyers are continuing to pursue opportunities abroad as they retain a long-term strategic focus on global real estate investment, acc...