Wednesday, 26 September 2018

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 this 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 Schedule:

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

Dates & Times:
  1. Thursday - Oct 4th. 6:30 PM - 7:45 PM
  2. Saturday - Oct 6th. 2:00 PM - 3:15 PM.

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

Taller, higher-density towers are the answer to Hong Kong’s property crisis

Hong Kong property

Taller, higher-density towers are the answer to Hong Kong’s property crisis, say developers and industry groups.

PUBLISHED : Wednesday, 26 September, 2018, 8:01am
UPDATED : Wednesday, 26 September, 2018, 2:28pm




RELATED TOPICS
Hong Kong propertyHong Kong housingUrban planning

More on this story


HONG KONG & CHINA
Hong Kong home owners are now selling at discounts as rates rise18 Sep 2018



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It’s already known for its imposing, tightly packed skyscrapers.

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But the answer to the chronic shortage of housing and commercial property in Hong Kong may be taller buildings of even higher density, according to developers and industry groups.

The world’s least affordable city to live in is facing an inadequate supply of homes to meet growing demand as an increasing number of expats and immigrants floods in, predominantly from mainland China.

In the commercial sector, property consultants said Hong Kong is suffering from a shortage of grade A office supply – the highest quality office space – which could threaten its position as a major business hub within Asia-Pacific.

Building more high-end office towers could help the government to retain the city’s competitive position, said Guy Bradley, chief executive of Swire Properties.

“Relaxing building height regulations and allowing conversion of existing space can increase supply to solve the office space shortage in a short period of time,” said Bradley.

He has proposed a height-limit relaxation for buildings in Taikoo Place, which houses a number of Swire’s high-end office buildings, including the 298-metre-tall One Island East.

“The height limit in Taikoo Shing is about 120 metres. There is room to go up,” he said.

International property consultant JLL has identified 20.1 million square feet of potential office space that could be delivered from future government land sales. It said the plots could be enough to deliver about 10 years of commercial office supply.
Hong Kong tech hub appeal hammered by spiralling rents, high salaries

The vacancy rate for the entire grade A office market in Hong Kong has fallen from 11.9 per cent at the start of 1999 to just 4.2 per cent at the end of August this year.

JLL has urged the government to look into the issue.

Industry groups have also called for the relaxation of restrictions on plot ratio which, for residential properties, refers to the ratio between the gross floor area of a building and the area of the site it stands on. That, in effect, would increase the density of housing on a given plot.


Doubling the plot ratio of the existing 7,700 hectares of land occupied by 2.5 million homes could immediately double the potential space for housing, according to the Hong Kong Institute of Real Estate Administrators.

For instance, the institute suggested increasing the plot ratio of rural housing land, which spans about 3,380 hectares and 642 villages, from about 0.75 times for three-storey houses, to up to five times for housing of mid-to-high density, or 12 storeys.
Hong Kong home owners are now selling at discounts as rates rise

Given an average flat size of 600 square feet and 70 per cent coverage, the increase in plot ratio could theoretically produce 848,920 more homes on rural land, assuming it could be developed with few constraints and that 40 per cent of the available land could be developed with a plot ratio of five, according to the institute’s calculations.

The proposal came after Hong Kong’s home prices rose for a 28th consecutive month in July, with a tiny one-bedroom flat measuring 269 square feet in Kowloon Development’s 63 Pokfulam in Sai Ying Pun selling for a staggering HK$11.4 million, or HK$42,238 per square foot.

The Hong Kong Institute of Surveyors has also recommended increasing the plot ratio of residential land, though at a smaller scale, in districts expected to see major development.
Why Hong Kong architecture is so predictable

The two associations submitted their proposals to a government-appointed committee tasked with proposing ways to plug a predicted shortage of 1,200 hectares of land for long-term housing and economic development.

The committee, known as the Task Force on Land Supply, has spent the past five months consulting the public on 18 possible options. The consultation will close on Wednesday (September 26).

Việt Nam: promising market for hospitality firms

Update: September, 25/2018 - 09:00


Trần Phú Cường, general director of the International Cooperation Department under the Việt Nam National Administration Tourism, speaks at the Second Annual Global Hotels and Resorts conference, which opened on Monday in HCM City. — VNS Photo Văn Châu

Viet Nam News

Bồ Xuân Hiệp

HCM CITY — Việt Nam has emerged as a promising market in the hospitality sector among ASEAN-member countries, especially for luxury hotels and resorts, speakers said at a hotel and resort conference held on September 24 in HCM City.

Nearly 100 officials representing State agencies, hotel and resort developers, design and architecture firms, and solution providers worldwide are taking part in the Second Annual Global Hotels and Resorts conference.

Vanya Trần, general director of Việt Nam Hotel Resort Pro (VHRPRO) and the chair of the meeting, told Việt Nam News on the sidelines of the event that Việt Nam had great potential but lacked the “know-how and professionalism to offer world-class products and services” in the hospitality field.

“I believe what is unbeatable about Việt Nam’s tourism and hospitality is its landscapes, people and cuisine,” she said. “The country’s landscapes are breathtaking, the cuisine is authentic, and the Vietnamese are supportive and open to learning new things.”

“Application of advanced technologies, such as digital marketing, to hospitality management and training of human resources, is the key to development,” she said, adding that better linkages among hospitality players would also enhance the value chain.

Trần Phú Cường, general director of the International Cooperation Department under the Việt Nam National Administration Tourism, noted that Việt Nam was competing with Thailand to become one of the best tourist destinations in the ASEAN region.

“Why Thailand? Thailand is among the ASEAN countries with the highest number of international tourists, which contributes greatly to its GDP,” he said.

Despite similarities in culture and natural landscapes, Thailand’s tourism industry is more competitive than Việt Nam’s.

“Việt Nam can learn a great deal from Thailand, but we should keep our own special unique features,” Cường said.

Lian Miew Ching, design director of Singapore-based CHIL Interior Design in Asia, said that she had seen many beautifully designed hotels and resorts in Việt Nam.

“Việt Nam’s economy is growing at the fastest pace ever, especially the hospitality industry,” she said. “Travelling has become a necessity, not a luxury any more.”

Brenton Smith, director of Bates Smart, an Australian firm providing architecture, interior design and urban design strategies, said that Việt Nam had potential to develop project management, investment and architecture and interior design.

“Everything in Việt Nam is authentic, including nature, people and cuisine,” he said. “I visited Hội An, Đà Nẵng and Huế, and was really impressed with the beautiful landscapes.”

Last year, Việt Nam was ranked the third fastest-growing tourist destination by the United Nations World Tourism Organisation (UNWTO).

More than 150 new four- and five-star properties are expected to open in the country by 2020.

In addition, the EU-Việt Nam Free Trade Agreement, which will eliminate more than 99 per cent of customs duties on goods, is expected to open up Vietnamese service markets to EU firms, and spur tourism between the two sides.

Việt Nam received a record-high of nearly 13 million foreign visitors last year, a 29.1 per cent jump over the previous year, according to the General Statistics Office.

The country is expected to have 17-20 million foreign visitors and 82 million domestic tourists by 2020.

The two-day conference is being organised by Bricsa Consulting, which holds high-end networking and knowledge-sharing conferences.

Discussion topics at the event included competition trends in the hospitality market, the needs of a diversifying market and foreign investment opportunities in Việt Nam.

The conference will continue today with discussions about the future of Việt Nam’s tourism sector, as well as talks about merger and acquisition deals in the real estate sector in Việt Nam and Thailand. — VNS

Women leadership in real-estate sustainability




By Amor Maclang
-September 26, 2018
In Photo: The Net Group Co-president Atty. Maria Cristina Samson. Net Park, a landmark office building with iconic world-class architecture and pioneering ecologically responsive features


WHEN I first met Cristina “Tina” Samson, it was to celebrate the need to promote more women leadership roles in the real-estate industry.

Ferociously passionate about inclusion in the industry, it is no surprise that Tina’s work was recently heralded for sustainability in real estate.

With today’s constantly changing business climate, it’s a must to rethink the way we build our cities and develop our resources. The need to disrupt the norm, generates fresh ideas and scour the unknown, is now more obvious than ever before.

The World Green Building Council (WorldGBC) recognizes the same, awarding its very first Women in Green Building Leadership prize in this year’s WorldGBC Asia Pacific Leadership in Green Building Awards. Among those who made it to the top three finalists is the Philippines’s pioneer and trailblazer in green urban development, Atty. Maria Cristina Samson. Tina is the co-president of The Net Group, the leading green office building developer in the country. She elevated to the regional level after winning the similar category in the Philippine Green Building Council Leadership in the 2018 Green Building Awards. A certified power woman, she shares her journey to gaining her rightful place in the industry while striving for both women empowerment and sustainable development.
This is the first year for WorldGBC to award Women in Green Building Leadership. What do you think this award signifies?

Women have always been at the forefront of advocacies for the protection of the environment and the fight against climate change. It is high time to acknowledge their efforts and put them front and center. I am grateful for how the WorldGBC, through this award, values the pivotal role of women in creating positive impact to and for their communities. I have witnessed how different fieltds have improved their perspective of women and recognitions such as this do not just serve as an inspiration for aspiring female leaders but also a drive for similar advancement of gender equality across all industries. Gradually we are veering from traditional notions and gender roles. I am truly honored to have been chosen as a finalist for the award and, at the same time, encourage women to thrive against all odds. We are starting to achieve the representation we deserve. This is another ray of hope for women to continue being shakers and movers in the industry and their respective communities.
What challenges did you encounter in your career as a woman in a male-dominated industry and what advice can you give to other women who may be facing or will face the same?

Urban development remains a male-dominated industry, especially here in the Philippines. I am usually in the presence of men and, throughout my career, I had to speak up and work nearly twice as hard to prove myself professionally. For me, overcoming them is simple—accept the situation as it is, get to work and dive right in! I have always been a staunch believer of discipline and right attitude. I compete with myself and keep a “mentorship dynamic” with the men I work with. Whenever I have a question, I ask. I allow people to explain things for me to understand. Equipped with that mindset, partnered with exceptional listening skills and gifted with a sharp eye for detail, I was able to successfully establish myself, polish my craft and gain valued credibility in my field.
Having experienced these, what are the efforts you’ve made for women empowerment?

As chairperson of the Women’s Leadership Initiative (WLI) of the Urban Land Initiative (ULI) Philippines, I’ve created together with the Young Leader’s Group chair, the Annual ULI Mentorship program that serves as a venue for young real-estate practitioners to hone their skills and talents through one-on-one consultations with real-estate leaders. At least 50 percent of both mentors and mentees in the program are women, further promoting the advancement of women in the field. I was even a mentor for two women mentees under the 2017 ULI mentorship program. On a lighter, more humane note, I have also organized dinner events that offer a safe venue for meaningful discussions and positive reinforcements for women. Currently, I’m planning to expand the membership of WLI geographically to reach out to women in the country’s key cities, thereby supporting women’s growth beyond Metro Manila.

As co-president of The Net Group, I ensure that we organize women-centric activities for more than 40,000 occupants in our portfolio. We’ve had, among others, workshops tackling women leadership and empowerment in business, as well as organized bazaars featuring women leaders, mompreneurs, and advocacy-driven businesses and organizations, which aimed to uplift women. We even promoted the achievements of the women-employees within our portfolio to serve as catalysts for the growth of everyone within our buildings.
What role do you think women play in the green revolution? How do you and your team put it into action?

The movement needs a new way of thinking, a diverse group who can explore new ideas and offer new solutions. This is where women are needed—a creative, empathic, and feminine touch in the way we build and operate.

The brainchild concept of The Net Group is to develop boutique office buildings that provide personalized services similar to what you would expect from a hotel. Developing green office buildings only became a sensible business venture thereafter, which further complemented our core business and brand of service. With the help of the women behind our team, we have revolutionized the workplace by creating a unique, relevant, and versatile program promoting sustainability.

We are the first and only office developer in the Philippines to ensure that all of our buildings source our power from renewable energy. We likewise, advocate for environment-friendly modes of transportation by installing electric vehicle charging stations, implementing electric vehicle shuttle programs and, on a simpler scale, encouraging our tenants to ride their bicycles to work.

The “feminine” touch is evident in our building features. Our Spa-like building shower rooms reduce wastage from installing multiple shower stalls within different tenant office spaces, as well as encourage healthy lifestyle for tenants through exercise. Our greenery, comprised of vertical gardens, provide much-needed respites between the daily stresses pervasive in the concrete jungle, while our vegetable garden at the roof deck affords alternative (and more economical) source of nutrition. Our simple yet unfettered botanical plants in our parks and decks brighten up the sea of greys and greens within the city.

No matter how small or big the efforts are, we hope to inspire other developers to, likewise, adopt a green concept and integrate sustainability into their business models.

Women leadership in real-estate sustainability

By Amor Maclang
-September 26, 2018
In Photo: The Net Group Co-president Atty. Maria Cristina Samson. Net Park, a landmark office building with iconic world-class architecture and pioneering ecologically responsive features


WHEN I first met Cristina “Tina” Samson, it was to celebrate the need to promote more women leadership roles in the real-estate industry.

Ferociously passionate about inclusion in the industry, it is no surprise that Tina’s work was recently heralded for sustainability in real estate.

With today’s constantly changing business climate, it’s a must to rethink the way we build our cities and develop our resources. The need to disrupt the norm, generates fresh ideas and scour the unknown, is now more obvious than ever before.

The World Green Building Council (WorldGBC) recognizes the same, awarding its very first Women in Green Building Leadership prize in this year’s WorldGBC Asia Pacific Leadership in Green Building Awards. Among those who made it to the top three finalists is the Philippines’s pioneer and trailblazer in green urban development, Atty. Maria Cristina Samson. Tina is the co-president of The Net Group, the leading green office building developer in the country. She elevated to the regional level after winning the similar category in the Philippine Green Building Council Leadership in the 2018 Green Building Awards. A certified power woman, she shares her journey to gaining her rightful place in the industry while striving for both women empowerment and sustainable development.
This is the first year for WorldGBC to award Women in Green Building Leadership. What do you think this award signifies?

Women have always been at the forefront of advocacies for the protection of the environment and the fight against climate change. It is high time to acknowledge their efforts and put them front and center. I am grateful for how the WorldGBC, through this award, values the pivotal role of women in creating positive impact to and for their communities. I have witnessed how different fieltds have improved their perspective of women and recognitions such as this do not just serve as an inspiration for aspiring female leaders but also a drive for similar advancement of gender equality across all industries. Gradually we are veering from traditional notions and gender roles. I am truly honored to have been chosen as a finalist for the award and, at the same time, encourage women to thrive against all odds. We are starting to achieve the representation we deserve. This is another ray of hope for women to continue being shakers and movers in the industry and their respective communities.
What challenges did you encounter in your career as a woman in a male-dominated industry and what advice can you give to other women who may be facing or will face the same?

Urban development remains a male-dominated industry, especially here in the Philippines. I am usually in the presence of men and, throughout my career, I had to speak up and work nearly twice as hard to prove myself professionally. For me, overcoming them is simple—accept the situation as it is, get to work and dive right in! I have always been a staunch believer of discipline and right attitude. I compete with myself and keep a “mentorship dynamic” with the men I work with. Whenever I have a question, I ask. I allow people to explain things for me to understand. Equipped with that mindset, partnered with exceptional listening skills and gifted with a sharp eye for detail, I was able to successfully establish myself, polish my craft and gain valued credibility in my field.
Having experienced these, what are the efforts you’ve made for women empowerment?

As chairperson of the Women’s Leadership Initiative (WLI) of the Urban Land Initiative (ULI) Philippines, I’ve created together with the Young Leader’s Group chair, the Annual ULI Mentorship program that serves as a venue for young real-estate practitioners to hone their skills and talents through one-on-one consultations with real-estate leaders. At least 50 percent of both mentors and mentees in the program are women, further promoting the advancement of women in the field. I was even a mentor for two women mentees under the 2017 ULI mentorship program. On a lighter, more humane note, I have also organized dinner events that offer a safe venue for meaningful discussions and positive reinforcements for women. Currently, I’m planning to expand the membership of WLI geographically to reach out to women in the country’s key cities, thereby supporting women’s growth beyond Metro Manila.

As co-president of The Net Group, I ensure that we organize women-centric activities for more than 40,000 occupants in our portfolio. We’ve had, among others, workshops tackling women leadership and empowerment in business, as well as organized bazaars featuring women leaders, mompreneurs, and advocacy-driven businesses and organizations, which aimed to uplift women. We even promoted the achievements of the women-employees within our portfolio to serve as catalysts for the growth of everyone within our buildings.
What role do you think women play in the green revolution? How do you and your team put it into action?

The movement needs a new way of thinking, a diverse group who can explore new ideas and offer new solutions. This is where women are needed—a creative, empathic, and feminine touch in the way we build and operate.

The brainchild concept of The Net Group is to develop boutique office buildings that provide personalized services similar to what you would expect from a hotel. Developing green office buildings only became a sensible business venture thereafter, which further complemented our core business and brand of service. With the help of the women behind our team, we have revolutionized the workplace by creating a unique, relevant, and versatile program promoting sustainability.

We are the first and only office developer in the Philippines to ensure that all of our buildings source our power from renewable energy. We likewise, advocate for environment-friendly modes of transportation by installing electric vehicle charging stations, implementing electric vehicle shuttle programs and, on a simpler scale, encouraging our tenants to ride their bicycles to work.

The “feminine” touch is evident in our building features. Our Spa-like building shower rooms reduce wastage from installing multiple shower stalls within different tenant office spaces, as well as encourage healthy lifestyle for tenants through exercise. Our greenery, comprised of vertical gardens, provide much-needed respites between the daily stresses pervasive in the concrete jungle, while our vegetable garden at the roof deck affords alternative (and more economical) source of nutrition. Our simple yet unfettered botanical plants in our parks and decks brighten up the sea of greys and greens within the city.

No matter how small or big the efforts are, we hope to inspire other developers to, likewise, adopt a green concept and integrate sustainability into their business models.

Monday, 24 September 2018

Hong Kong's surging dollar sends warning on housing market




MON, SEP 24, 2018 - 11:38 AM


[HONG KONG] A shock jump in Hong Kong's currency is signaling a decade-long liquidity party is coming to an end. That may be bad news for the city's housing market.

The Hong Kong dollar surged as much as 0.6 per cent on Friday, its biggest gain in 15 years, and extended gains on Monday. While traders gave differing reasons for the move, the common theme was concern that the city's borrowing costs will catch up with those in the US as the Federal Reserve continues to hike rates. The chance of local banks raising the so-called prime rate for the first time since 2006 is "extremely high," Financial Secretary Paul Chan said.

A currency peg with the US, open financial borders and a booming economy meant Hong Kong property was one of the greatest beneficiaries of ultra-low lending costs in the wake of the global financial crisis. Home prices rose more than 170 per cent in the past decade making the city the world's least affordable. Citigroup and CLSA are among those warning of a reversal on expectations that mortgage servicing costs will rise.

"The market has underestimated the pace of interest rate increases in Hong Kong," said Kevin Lai, chief economist for Asia ex-Japan at Daiwa Capital Markets Hong Kong Ltd. This "will bring pressure to the property market and leveraged home buyers."





After trading at the weak end of the band for months, prompting repeated interventions by the city's de facto central bank, the Hong Kong dollar rocketed into the stronger half of the spectrum on Friday. The currency rose as much as 0.17 per cent on Monday before paring to 0.03 per cent as of 10:34am, at 7.8091 per dollar.
SEE ALSO: HK bullet train signals high-speed integration with China





The three-month interbank rate, known as Hibor, was last at 2.125 per cent, its highest in almost a decade and nearly triple the level it was a year ago. A narrowing spread with US Libor is making a previously profitable trade of selling Hong Kong dollars to buy higher yielding US assets less appealing.

The currency's one-week forward points, an indicator of cash supply in the foreign-exchange market, touched the highest level since October 2007 on Monday before paring gains. One-year interest-rate swaps, which reflect the market outlook for Hong Kong dollar funding costs, climbed to the highest in nearly a decade.

"The short-Hong Kong dollar carry trade has come to an end," said Ken Peng, an investment strategist at Citi Private Bank in Hong Kong. "Friday's move suggests borrowing costs in Hong Kong have tightened a lot and will tighten further."

The Hong Kong Monetary Authority said in emailed comments that while it didn't want to comment on Friday's movement in the currency, "market participants generally view the elevated interbank interest rates as a contributing factor."

While residential prices in Hong Kong's secondary market have climbed 16 percent over the past 12 months, according to Centaline Property Agency, developers have begun to offer perks to accelerate sales. Some are selling apartments at discounts, and others aren't providing mortgages due to concern that rising borrowing costs may increase defaults. Financial Secretary Chan said this month he sees signs the market is cooling.

RECORD HIGHS

Predicting declines in Hong Kong's property market hasn't been a profitable exercise in the past, with a home-price slump in 2015-2016 quickly followed by record highs. But a rising prime rate could change the dynamic of demand for the city's housing.

"We expect banks to hike prime rate twice this year by a total of 50 basis points, as Hibor rises with a shrinking liquidity pool and Fed hikes," said Frank Lee, acting chief investment officer for North Asia at DBS Bank (HK) Ltd. "It will hurt property market sentiment."

BLOOMBERG

Thursday, 20 September 2018

Earn up to 10-20% per yr - Free Bali Real Estate Seminars:

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 this month.

Bali seminar attendees January 2018

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 Schedule:

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

Dates & Times:
  1. Thursday - Oct 4th. 6:30 PM - 7:45 PM
  2. Saturday - Oct 6th. 2:00 PM - 3:15 PM.

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 Reiremnmet 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

Aussie home values slide $13 billion in just three months

Best Asia real estate editor's comments: 
Lawrence predicting Downturn in Australian real estate last year at a seminar in Bali
Unfortunately I was one of the first real estate experts in the world to predict a crash of real estate prices in Australia's major cities except for Perth last year.


Now prices are beginning to drop exponentially and the blood will definitely be running in the streets before it's over.

If you want to find out the rest of my predictions for world markets and where are the best investment markets to buy real estate right now attend my forthcoming seminars on October 4 th. October 6th see details after the article below.
___________________________________________________

HOMEOWNERS have been left reeling by alarming new statistics which show $13 billion has been wiped off the value of Aussie homes in just three months.
Marnie Banger, AAP
news.com.auSEPTEMBER 18, 20184:37PM

What does a million dollars buy in Aussie capital cities?


Ads by Kiosked

HOUSE prices in Australia’s capital cities have fallen on an annual basis for the first time since 2012.

But the drop, led by falls in Sydney and Melbourne, isn’t considered significant in the scheme of things, given the dizzy heights prices had reached.

Capital city house prices fell 0.7 per cent nationally in the three months to June, according to the latest Australian Bureau of Statistics’ Residential Property Price Index released on Tuesday.

The total value of Australia’s 10 million residential properties is $6.9 trillion, which has fallen by $13.3 billion.

The average price of a home in Australia is now $686,200, the figures show.

They also fell 0.6 per cent during the year to June 2018, the first annual fall recorded in six years.

Those national falls can be largely attributed to price drops in the big markets of Sydney and Melbourne.


The total value of Australia’s 10 million residential dwellings decreased $36 billion to $6.9 trillion so far this year. Picture: iStockSource:Supplied

Ads by Kiosked

The drop was greatest in Sydney in the June quarter, where house prices fell by 1.2 per cent, marking the fourth consecutive quarter in which they have declined.

Prices in Melbourne fell by 0.8 per cent in the three months to June, the city’s second consecutive quarterly drop.

Less demand for homes and a tightening of lending to investors played a role in the falls, ABS chief economist Bruce Hocking said.

But he has stressed they aren’t significant in the bigger picture.

“These are falls from pretty high levels,” he told AAP on Tuesday. “Sydney over the last five years is actually up 56 per cent, so in the context of where we’ve come from, these aren’t significant.

“They tend to support those who suggest that we’re probably in for a period of sustained flat prices, rather than any of those catastrophic falls that some of the more dramatic forecasters tend to look at.”

House prices were also down in Darwin (by 0.9 per cent) and slightly down in Perth (by 0.1 per cent).


Prices haven’t been falling everywhere. Picture: iStockSource:istock

But prices rose in the June quarter in Brisbane (0.7 per cent), Adelaide (0.3 per cent) and Canberra (0.3 per cent).

They were also up a whopping three per cent in Hobart.

Employment growth in Tasmania and more visits from tourists have likely pushed up prices in the island state’s capital, Mr Hocking said.

“They seem to be outperforming the others for quite a while now, which is unusual for Tasmania,” he said.

“They’re marching to their own drum beat.”
Property market ‘falling off a cliff’ ( 60Mins )

______________________________________

Best Asia Real Estate Editor's Comments:

Editor: Lawrence Dictating newsletter while in Europe
As my readers are well aware I accurately predicted way back in 2002 that Bali real estate was similar to Hawaii and that after the end of the dictatorship tourists would flock into buy driving prices through the roof.

The first real estate property I sold was a beachfront property for $1,000 per 100 m². It's now at least $40,000 per hundred square m2.

Since the turn-of-the-century to 2014 Bali real estate prices increased 10% to 20% per annum

Starting in 2014 we had the first downturn in Bali Real Estate in modern history. Prices collapsed 20% to 50%. I stopped buying at that time.
.
Since last year I have been telling friends and clients that prices had bottomed out and it was time to get back in. Few Believed me. This made me realize that I was even more accurate than expected. 

You have to be a contrarian to be successful in any investment and buy when everone thinks it's a lousy investment and sell when everyone thinks it is a great investment.

In the last month villas have sold that haven't sold for years and even beachfront properties are selling again.

I am now even more convinced that I am right on this prediction and now is the second best time to buy the century.

You can now buy beachfront properties at 50% off their 2014 highs.

The average piece of land is down 30%. Villas are also down an equal amount. 

As Baron Rothschild said you must "buy when the blood is running the streets". 
"Buy when the blood is running the streets" 
With constant increases in tourism,new buyers from China and and Baby Boomers there's no question in my mind that this next 5 to 10 year period will be the second best Bali real estate market this century. 
"The second best Bali real estate market this century" 

Over the next couple months we will be providing educational  seminars throughout Asia and Australia on the Best Bali Real Estate Investments Opportunities. 

Included in our my seminars will information on a brand-new investment, Bali Luxury  Retirement Villas that you can purchase starting at $208 per month for 80 years and rent out for retirees at $1,500 to $2,000 per month.

If you want to get involved now's the time to sign up for one of our forthcoming free seminars listed below.

You have nothing to lose and everything to learn.

Earn 10% to 20% per yr. - Free Bali Real Estate Seminars – Foreign Ownership Laws Clarified – Properties up to 50% off
_________________________
Are you tired of traditional investments such as banks and bonds that only offer 1-6% per year which do not keep pace with the real inflation. 

Do you want to become rich the way over 60 % of self-made millionaires did?

Speaker Lawrence, Notaris Wife Azizah and Family at his Bali Paradise Beachfront Estate

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 this month.

Bali seminar attendees January 2018

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 Schedule:

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

Dates & Times:
  1. Thursday - Oct 4th. 6:30 PM - 7:45 PM
  2. Saturday - Oct 6th. 2:00 PM - 3:15 PM.

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 Reiremnmet 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

Our weakest link: Australian suburbs most at risk


IN THE event of a housing market crash, which even the PM concedes is a possibility, the effects won’t be felt equally across the nation.
Jason Murphy@jasemurphy
news.com.auSEPTEMBER 20, 201810:56AM

What does a million dollars buy in Aussie capital cities?


NOW even the Prime Minister is talking about it.

An Australian housing crash is no longer a wild hypothesis pushed by a few people, it is a major talking point. The TV program 60 Minutes did a big investigation last week and now PM Scott Morrison has been out warning we could have a devastating house price crash if a few policies are tweaked. (Is it wise for him to talk like that when these things run on confidence? That’s another question.)

Are you going to see a removal truck in your street one day and discover the bank has taken your neighbour’s house? Could the bank come for your house? The data show a concerning picture.

At the beginning, house price falls were isolated. Perth was having trouble, but that was the mining boom’s fault. Then Sydney had a month where prices fell. Soon it had two months of falls. Eventually other cities joined in too, and the prices started registering as not just lower than a few months ago, but lower than a year ago.

Now it is really official. The Australian Bureau of Statistics, which moves slow and does not exaggerate, reports that on average Australian property prices are now lower than they were a year ago. Not by a lot — just 0.6 per cent lower. But the falls don’t look like stopping yet.

At the moment, we see medium-sized falls in the price of the most expensive homes. Posh suburbs have falling prices while for the rest prices are still getting more expensive, slowly.

The question is where gets hurt the most. And that depends on how bad the falls are.

SCENARIO ONE: STATUS QUO

Maybe prices fall gently for a few more months. But they hold steady for a few years after that — not falling, but not rising much either. That would be a pretty good scenario for the economy, with housing getting more affordable — slowly — as wages start to increase.

Very few people default on their home loans, but houses remain expensive.

SCENARIO TWO: SLOW TO LOW

House prices might just keep slowly falling, Perth-style.


Property prices in Perth have been on a slow downward slide.Source:Supplied

Ads by Kiosked


This could eventually force some people to default on their mortgage. The people most at risk here are the people who are already in severe mortgage stress, which is mostly the very well-off who took on great big loans.

“Stress is not limited to the batters or fringe of our cities — in fact the more affluent suburbs are also registering stress, thanks to big income but also big loans and (interest-only) loans and multiple investment mortgages,” says Martin North, who runs property consultancy DFA analytics.

While mortgage stress is widespread in the less fancy suburbs, severe mortgage stress is highest in suburbs with lots of highly paid professionals. Think of Lane Cove on the north side of Sydney Harbour. And suburbs like it all over Australia. The kind of places where a BMW glides into the double garage and parks by a Range Rover, but you’re not sure if they’re bought on credit. Places like Miamin on the Gold Coast, Wembley in Perth, Brighton in Melbourne, or equally Brighton in Adelaide.

Some of these people have apparently taken on great big loans, and they could suffer. With luck though, these losses are not widespread, and the hit to the economy is not so severe.

SCENARIO 3 — OH NO

You sometimes hear certain young people wishing for a really big housing crash. But when house prices fall far enough they spill over into the rest of the economy. What you get is a really big disaster.

Housing market analyst Martin North says there is a 20 per cent chance that house prices could fall by 40 per cent in the next few years.

Will they really? North was challenged to a bet on that by another economist and didn’t want to put his money where his mouth is. Most economists think being willing to back your forecast with money is the only real way to prove you believe in it. (Are economists bad people for wanting to bet on these sort of things that could drive families to the wall? Maybe.)

Is North right that the risk of an imminent big crash is 20 per cent? I think the chance is lower.

But it is still worth thinking about, because the downside is high. If it comes to the bad scenario, you get a feedback loop from the price of houses to spending in the economy. If people stop spending, that affects employment and incomes. If people lose their jobs their ability to afford their mortgage gets even worse.

In this scenario, the RBA would cut interest rates to reduce mortgage pressures, but it might not be enough. Pressure on mortgages would spread beyond the wealthy suburbs that are already under severe mortgage stress. It would hits the battler suburbs first.

Martin North has data on which suburbs have the most widespread mortgage stress (albeit not yet the severe kind), and they are those battler suburbs. Not Range Rover suburbs so much as Commodore and Falcon suburbs. We’re talking about Campbelltown or Moorebank in Sydney, Frankston and Pakenham in Melbourne. Places where unemployment is no stranger. You might also think of Ashby, Wanneroo, Clarkson, in Perth, or Ashby, Mount Lofty and Rangeville in Toowoomba.

If the big housing crash ScoMo has been talking about comes to pass it will be ordinary Australians in ordinary suburbs who bear the brunt.
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 this month.

Bali seminar attendees January 2018

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 Schedule:

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

Dates & Times:
  1. Thursday - Oct 4th. 6:30 PM - 7:45 PM
  2. Saturday - Oct 6th. 2:00 PM - 3:15 PM.

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 Reiremnmet 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

Wednesday, 19 September 2018

Changing business models: a shift in Indonesia's property market


Some say 2018 is likely to remain a tough year for many property developers because of the perception of there being a general over supply, but how accurate is this?


Harcourts Seven Stones
Terje Nilsen, Principal of Harcourts Seven Stones at the recent Indonesian Business and Investment Seminar in Jakarta.
Previous

In a recent article on the state of Indonesia's property industry, Kontan suggested property sales are likely to remain sluggish through to the end of 2018 largely because unfavorable macro-economic conditions and a general over supply have made investors cautious.

Terje Nilsen, Principal of Harcourts Seven Stones sees things differently. He told WILLIAMS MEDIA "the slow down in general is more related to a mind shift and fear of tax exposure than macro economics. There are a lot of properties for sale, but a lot of those have unrealistic price expectations, which in turns creates the image that it's a buyers market. But many would argue there is no real oversupply. The long-term rental market, for example, is at an all time high and that doesn't point to there being an oversupply. The main challenge for developers is to change their business models and structures to comply with stricter government regulations."

Andy K Natanael, Founder of PROJECT and PROVIZ told Kontan this apparent over supply began around four years ago when a lot of developers entered the market. He thinks it unlikely prices will rise and in many cases, prices for secondary homes will tend to decrease. "There are so many discounts on the market today and secondary prices have dropped. Buy the property not when it's booming but when it's sluggish to get cheap cheap." Then any potential increase is likely to be significant when the market improves. On this point Nilsen agrees. "Invest now and hang in there for the long term gains," he said.

Natanel argues capital gain investments no longer drive the market. Instead he believes developers should be focused on marketing the property's function instead because these days, selling property has to be based around actually living there. He said this strategy applies to ultra-expensive property as well as super cheap. "If the goal is to invest, the developer must give data to consumers on where the investment potential is," he said. And sometimes they just cannot do this accurately.

Easier access to credit and badly thought through projects have created these reactions argues Nilsen. "In Bali, for example you have Condotel units for sale with an ROI that just doesn't make sense, but people still bought them. In Jakarta a similar thing happened with apartments and units built and sold outside of hot spots and commercial areas thinking they would be easy to rent, but they're not. In both cases as an investor you need to do your homework, and trust the demand for good projects is there and will continue to go up."

The Ciputra Group (CTRA), one of Indonesia's largest property developers, also acknowledges a slow down in property sales according to Kontan. "Sales are very heavy this year," said Tulus Santoso, Director of CTRA recently. CTRA now sees the greatest potential in the lower middle class market and are focusing on increasing supply there. "We are currently lacking small projects, so we want to encourage projects in this sector," Tulus said in a marketing strategy that also points to livability rather than capital gains.

Global Business Guide Indonesia, are optimistic. In a recent article on Indonesia’s Residential Property Sector, they say overall, investment opportunities in the residential property sector are still promising given the country’s housing backlog of 11.4 million units and its huge youthful population but the government must create a conducive business and economic climate through tax and fiscal reforms.

Source: Kontan, Global Business Guide Indonesia, ReTalk Asia

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 this month.

Bali seminar attendees January 2018

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 Schedule:

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

Dates & Times:
  1. Thursday - Oct 4th. 6:30 PM - 7:45 PM
  2. Saturday - Oct 6th. 2:00 PM - 3:15 PM.

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 Reiremnmet 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

BI expects slow growth in construction in Q3 but overall Bali's economy is growing

MARKETS SEP 19, 2018

The first two quarters of 2018 showed a slow down in Bali's construction sector, which BI expects to continue in Q3, but overall economic performance is accelerating.


Photo source: Causa Iman Karana
Causa Iman Karana, BI's Representative Head in Bali.

Bank Indonesia (BI) is expecting Bali's construction sector to show slow growth in Q3 of 2018 despite the fact that several government and private sector infrastructure projects, such as the GWK statue, the Ngurah Rai Airport Underpass and Apron expansions are being completed ahead of next month's IMF-World Bank Annual Meeting in Nusa Dua.

Causa Iman Karana, BI's Representative Head in Bali told local news wires recently, this Q3 slowdown has contributed to a lower investment performance when compared to Q1 (when it grew by more than 7.5 per cent) and in Q2 (when growth reached 6.88 per cent). This slow down he said, was primarily being driven by a slow down of building investments.

BI's recent benchmark interest rate increases may have something to do with this. In June the benchmark interest rate rose by 0.5 basis points to 4.75 per cent, followed by a further increase of 0.25 basis points to 5.5 per cent in August. According to Karana, this could potentially increase bank-lending rates, including mortgage rates.

In an attempt to encourage growth in the construction space, and after an in-depth analysis of prospective borrowers, BI no longer regulates the 'Loan to Value' (LTV) ratio of financing down payments on mortgages, which is now left to the discretion of the banks issuing the loans.

Gapura Bali recently reported Bank Mandiri issuing attractive mortgage interest rates aimed at encouraging growth in construction, offering 5.88 per cent for the first three years, rising to 6.5 per cent for the next five years.

Despite the fact BI is predicting investment performance to show slower growth, it is optimistic Bali's overall economic performance in Q3 of 2018 will continue to accelerate on an annual basis in the range of 6.1 per cent to 6.5 per cent.

This continued growth is being driven by household consumption, foreign exports, tourism (including an increase in MICE activities ahead of the IMF-World Bank Annual Meeting), accommodation, food and beverage outlets, transportation and warehousing.

Source: Antara News, Kumpuran, Kompas, Detik

The cost of living in Bali

Best Asia real estate editor's comments:


Just to add to the article below we did some research a couple months ago on the average cost of living in Bali versus Sydney and Auckland and found that Bali was 60 to 70% less expensive to live.

This is why many baby boomers will be flocking to Bali in the near future as 25% of the world's population retires.

I will be talking extensively about this at our next series of seminars starting on October 4th and October 6th. 

You're welcome to attend the free seminars. See details after the article



JOE WHITE - HARCOURTS SEVEN STONES


Monthly running costs are an important factor to take into consideration when you're considering relocating. And in a place like Bali they can either make or break your experience.

Bali is one of those places many people think about visiting. It's a beautiful tropical island after all. For some, one visit turns into two, and then three and before they know it they're making plans to stay here for a whole year while they decide the best place for them to live.

Location is obviously an important factor in helping make a decision, but so too is the cost. Not just the cost of renting, leasing or buying a villa but also the cost of actually living here. There are some important things to consider:
Are you single?
Are you married?
Do you have kids? If you do, how old are they?
Are you retired?
Do you want to start a business?
Do you want to live like a millionaire or on a shoestring? Or somewhere happily in between?

By the way, making a list of these sorts of questions will go a long way in helping you make the right sort of choices because Bali has a lot of options to choose from.

Let me give you some insights into my own situation.

My wife and I have a young daughter and we like to live comfortably. Not over-the-top luxury for sure but we also don't want to be sweating it out with a noisy ceiling fan hiding away from mosquitoes in the middle of the night.

We like good food, good wine and cool places to chill on a Sunday. And for people who find themselves in the same boat there are some pretty average fixed monthly expenditures. To help clarify these let's use a young expat family with one child living in a 3-bedroom villa.

Here's what you'd be expecting to be spending money on:

Internet
You can't live without it right? It's worth noting Bali is pretty well connected in the most popular areas of Seminyak, Canggu, the Bukit and Ubud and most every villa or house will have an internet connection. Some connections are better than others and I've heard stories of people with the same provider having different degrees of success because of where they live, so it's a suck it and see approach. The bottom line is it's easily available everywhere. At the time of writing expect to be paying around IDR 1 million per month for a good fiber optic 10 MB connection.

Electricity
Electricity bills will very much depend on what kind of place you decide to call home. If you're one of those people who likes the AC running all the time in your 3-bedroom villa and have a pool pump to run then expect to be paying between IDR 2.5 – 3 million a month.

If you're a bit more frugal and you don’t have a pool and only use the AC at night you could bring this down to around IDR 1.5 million a month.

It's also worth noting there is a minimal electricity bill based on the amount of power your place is wired up for. So if you move into a 3-bedroom villa with loads of electricity available, you'll be paying for it even if you don't use it.

Housekeeper
Nearly everyone I know in Bali has one. And for people like me having one is a real godsend! They clean the whole house, do the laundry, run small errands and do the occasional spot of cooking and babysitting, but it’s best to clarify this before you hire.

For a good housekeeper with a pretty basic but certainly understandable level of English and experienced with young kids expect to be paying IDR 2 million a month for part time and up to IDR 3.5 million for full time.

Pool/Gardener
Living in Bali without a garden is like going to a ski resort with skis and it's very likely you’ll be living somewhere with a pool or a garden or both.

I'm putting these two roles together because you can often get one person to do both jobs, which can get done three times a week. The average cost for this is in the region of IDR 800,000 per month.

Mobile Phones
You can get prepaid packages of around IDR 150,000 a month very easily. These often include a set amount of free calling minutes, text messages and data for surfing the internet, watching YouTube or using WhatsApp.

Transport
Let's assume you know how to drive a bike or a car and yes, to be on the safe side you do need a driving license. An easy to use scooter will cost around IDR 700,000 a month and for a small car expect to pay somewhere in the region of IRD 3.5 million a month.

And these days we are blessed with something called GoJek, a simple fantastic service that's easily available with the GoJek App that uses bikes or cars to pick you up from wherever you are and they take you to where you want to go for pennies. They also do food deliveries!

Summing it all up

If we look at these average monthly outgoings, this is how much I think it can cost you to live in Bali as young expat family with a toddler:
Housekeeper (Full time): IDR 3.5 million
Gardener (3x a week): IDR 800,000
Internet: IDR 1 million
Electricity: IDR 2.5 million
Two Mobile Phones: IDR 300,000
1x Scooter: IDR 700,000
1x Car: IDR 3.5 million

That totals up to just over IDR 13 million per month, which at today's exchange rates is just shy of USD 1,000.

These figures are guidelines only, designed to give you a rough overview of what to realistically expect. If you need more accurate breakdowns get in touch with someone who lives here and knows the scene.
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 this month.

Bali seminar attendees January 2018

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 Schedule:

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

Dates & Times:
  1. Thursday - Oct 4th. 6:30 PM - 7:45 PM
  2. Saturday - Oct 6th. 2:00 PM - 3:15 PM.

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 Reiremnmet 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

Perth's four-year housing bust is nothing like what Sydney and Melbourne's property markets face

Best Asia Real Estate Editor's comments: Editor Lawrence with wife Azizah and son Darius  on Bondi Beach Sydney July 2018 Perth...