Sunday, 29 November 2020

Bali's villa-building boom defies COVID economic slump

Investors expect island tourism will be more popular when travel resumes
The changing nature of office work during the pandemic is another factor projected to boost demand for luxury housing in Bali. (Photo courtesy of Sandstone Consulting)
IAN LLOYD NEUBAUER, Contributing writer

November 27, 2020 11:54 JST

DENPASAR, Indonesia -- Construction of new villas in Bali is defying the steep economic downturn that the coronavirus pandemic has caused for the tourist hotspot.

With around 60% of its gross domestic product derived from tourism, Bali's economy has been the hardest hit in Indonesia by the COVID-19 pandemic. The country's central bank reported negative growth of just under 11% for the province in September while the Ministry of Labor reports at least 80,000 tourism workers lost their jobs.

The effect on the island's all-important accommodation sector has been devastating. Only 3% of Bali's 130,000 hotel rooms are occupied while rental rates for the island's 4,000 villas have been slashed by as much as 85%. The property market has hit a wall. "You can't sell anything at the moment," a prominent real estate agent told Nikkei Asia on condition of anonymity.

However, the building of new villas -- mainly for people from Australia, Europe and the U.S. -- appears to defy this calculus. Construction activity is most pronounced in the surf mecca of Canggu, where a property boom saw land values increase 40 to 50 times in the last 10 years. Some of these projects were started or conceived before the pandemic. But many are new projects commissioned by foreign investors.

"We are receiving more inquiries from expats living in Indonesia than ever before -- people who out of the blue decided to invest. It has really surprised me," says Baptiste Dufau of Bali Sandstone Consulting.

Manuele Mossoni, director of architectural company 2M Design Lab, says his "business has increased 20% to 30% compared to last year." Terje Nilsen, director of Seven Stones Indonesia, a property consultant that caters to foreign investors, also reports an uptick in trade, stressing "This is our best business year in 15 years in Bali."
Construction projects were started recently in the surf mecca of Canggu, where a property boom saw land values increase 40 to 50 times in the last decade. (Photo by Ian Neubauer)

Chief among market forces driving the phenomenon is investor confidence that Bali, which attracted 16 million visitors in 2019, is going to be more popular when COVID vaccines become available and travel resumes.

The island has consistently ranked among the most desirable post-pandemic travel destinations in the world by users of Booking.com, Tripadvisor and other travel platforms. Bali has also topped the list of most-searched post-pandemic destinations by Indonesian travelers, according to travel platform Agoda, followed by Yogyakarta and Bandung in West Java.

The changing nature of office work during the pandemic is another factor projected to boost demand for luxury housing in Bali. A survey commissioned by The Straits Times in Singapore found eight of 10 workers prefer working from home, while a survey by BBC's Future Forum found only 12% of respondents want to return to full-time office work.

"After the lockdowns, a lot of people have figured out it's better living in Bali than in Melbourne or Hong Kong," says investment consultant Nilsen. "I think we are going to see a massive rise in the number of people coming here, and it will be different from the tourist market of the past [driven by people] who came here for a few days or weeks. They will be residents with long-term commitments."

Nilsen is also receiving a high number of inquiries for villas and office space from companies planning to relocate to Bali. "Previously the 'digital nomads' movement in Bali was dominated by professionals working in hospitality and IT, but now the proposition is attracting a much wider spectrum of businesses," he explains.

"Our newest client is a radiology firm that interprets X-rays online for hospitals all over the world and they want to sit down and do it in Bali. We are also hearing rumors that some big tech companies are going to move their headquarters here because they can find access to a good pool of local and expat talent."

Numbeo, the world's largest cost-of-living database, ranks Bali as the 370th least expensive place to live out of 589 ranked cities in the world. It places the cost of living for a single person, excluding rent, at $594 a month or $2,097 for a family of four.

David Sutcliffe, a former fund manager from the U.K. who's worked remotely in Bali since 2016, believes the quality of life on the island is without par.

"The lifestyle here is unparalleled. The private schools are good, there's lots of expertise for startups, people are constantly building innovative and interesting businesses, there are great restaurants, leisure and travel opportunities, the weather is always nice," said Sutcliffe, now a cryptocurrency investor.

He adds that the Indonesian government is making it easier for foreigners to establish themselves. "The recent slew of new laws and regulations, known as the Omnibus Bill, is a signal to investors of the business-friendly direction this country is going in the long-term."

Having rented for years, Sutcliffe, who plans to make Bali his home for the foreseeable future, is now building a villa of his own. "If I was to compare it to what I could get back home, there is no comparison. For about $300,000 -- less than the price of a small two-bedroom flat in Greater London -- I can build a family home with a tropical garden and swimming pool 500 meters from the beach and 10 minutes scooter ride from the central business district," he says.

"It will be my primary residence, not a rental business. But I also consider it a solid vehicle for my wealth because I believe people and investors are going to be drawn to Bali for many years to come."
Tourism in Bali has been struggling because of travel restrictions due to the coronavirus pandemic. (Photo by Ian Neubauer)

Architect Mossoni told Nikkei that discounted construction costs are another reason expats like Sutcliffe are now building villas. "The price of some raw materials like wood has gone down because suppliers bought so much last year when they were able to charge two to three times the real value [in Bali]. But now they are willing to come back to the prices of five or six years ago to maintain cash flow," he explains.

Ironwood, an indigenous hardwood used for decking in Bali, is a textbook example. At the start of the year, it was $57 per sq. meter. Now it is being offered for $32 to $42. Suppliers of imported kitchen and bathroom tapware are holding clearance sales with up to 60% off, while furniture and electrical goods stores are willing to negotiate on just about anything.

There is also a much bigger pool of labor for construction, with contractors offering some discounts compared to previous years thanks to low demand for construction all over Indonesia.

Indonesia fell into recession for the first time in two decades. The country's real GDP plunged 3.49% in the three months ended September from a year earlier. The slowdown follows a 5.32% contraction in the previous quarter, plunging the archipelago into a recession -- defined as two consecutive quarters of negative growth.

The cost of buying or leasing land, which has fallen 10% to 15% is also incentivizing builders. "Last year land prices in Canggu reached a point that it was no longer profitable for anyone and the bubble burst," Mossoni says. "But developers are willing to invest at this crazy moment in time because they are certain the market will go up again."

Dufau of Bali Sandstone Consulting agrees: "I think in the next two or three years land prices will pop up again the same way they did after the terrorist bombings [of 2002 and 2005] and the Mount Agung eruption [in 2017]. As the pandemic is over, people will be rushing in."

Why 1.1m Aussies are planning to sell their homes soon

New data shows that 1.1 million Australians have got one thing on their mind – and the economic impact of this will affect us all.
Tarric Brooker

NOVEMBER 28, 202011:49AM

NEWS.COM.AU1:30

As the normal hustle and bustle of life ground to a halt during the lockdowns earlier in the year, many Australians found themselves reassessing their priorities in life. During the weeks or even months stuck inside, people began dreaming of what might be possible.

For many, it was the realisation that living close to the CBD was perhaps no longer necessary.

With things finally beginning to return to normal and border closures slowly being lifted, many Aussies are looking forward to putting the changes they dreamt of into action.

Amid a year of pandemic and economic driven uncertainty, some homeowners quite understandably held off on listing their properties, hoping that the New Year may provide more ideal circumstances for a sale.

According to data from research firm Digital Finance Analytics (DFA), these two forces appear to be combining to create a wave of homeowners looking to change their living arrangements in the next six months.

DFA’s survey data concluded that over 1.1 million Australians intend to sell their property in the next six months. In terms of the demographics, 298,093 international owners (foreign citizens and Australians living overseas), 309,032 investors, 115,893 up traders, 350,093 down traders and 28,003 first home buyers intend to sell in the coming six months.

RELATED: ‘Relocation of the nation’: State we’re all moving to


The next six months predicts a huge surge in people selling their homes. Source: DFA.Source:Supplied

RELATED: Why Australia could see historic crash

While it’s likely that not all surveyed intending to sell will take the plunge and put their property on the market, the increase in the number of homeowners looking to sell compared with 2019 has been significant.

In 2019 the same survey showed that just 337,000 people intended to sell their property in the next six months.

This 226 per cent increase could potentially represent a seismic shift in the balance of supply and demand within the property market. This effect could be particularly notable in some cities, such as Sydney and Melbourne that already have historically high levels of stock on the market.

According to data from SQM Research the total stock on market in Melbourne is currently at its highest level in six years for this time of year.

RELATED: Aussie industries that are hiring big


Melbourne has a huge amount of housing stock available.Source:Supplied

It’s a similar story for Sydney. Stock levels are currently quite high and similar to the decade high for this time of year back in 2018.

In 2019, DFA’s data showed there were 3.69 people intending to buy a property in the next six months for each one who intended to sell. In the aftermath of the pandemic, that has now completely flipped, with 2.15 people intending to sell for each one intending to buy.

Last year, overall net demand for property (people looking to buy minus those looking to sell) was slightly over 907,000 homes.

Now amid changing priorities net demand for property in the coming six months was -589,580 homes.


There’s a stark difference between the market in 2019 vs. today. Source: DFA.Source:Supplied

As people increasingly look back toward the freestanding family home as a bastion of security in this new world of priorities, this is also being picked up in the data.

Going forward, net demand for units in the coming six months was -676,372 homes, compared with extremely strong net demand of 577,454 in 2019.

For homeowners in a freestanding house, the news was rosier, with net demand for 86,792 homes, but still down 73 per cent when compared with 2019.

With so many Australians looking to change their living arrangements in the New Year, whether it’s a sea change, tree change, upsizing or downsizing, this potential increase in the supply of properties on the market may prove a challenge for the nation’s property markets.

As you might imagine, not all states are equal as people reassess where it is they desire to live.

DFA’s data showed almost 9000 people in New South Wales and around 14,200 Victorians were planning to move interstate in the next 12 months to Queensland, South Australia, Tasmania and Western Australia.

The number one destination for people from both states was Queensland, with 12,587 planning to move up north, followed by Western Australia with 6788 looking to go west.

Regarding the above article is important to remember that 25% of Australia are baby boomers like myself.

They don't need the big homes next to the city and they be happy with a small two-bedroom villa in Bali where her children and grandchildren will bake them to invite them.

This is why we started poly lecture retirement the to fill this new need.

Of the 55 those that would build already originally only 5% per retiring now 25% and growing rapidly.

As Austrians realize that they can live in Bali for 70% less have great year-round weather with no forest fires no droughts and low cost of living with me twitting on them hate had an import for $200 a month they will be coming in droves the very near future.

I am on the front line and meeting people weekly that are now in that decision.

You can start your move by attaining a five year baby-boom visa for anyone over 55 and purchasing a brand-new luxury villa starting as low as US$184,000 200 m from the beach.

Here's the details.

Bali Luxury Retirement Villas

Only 2.98 Milyar (* $184,888 U.S.D. or$268,888 Aus.)


You may now Invest, Vacation or retire full time or part-time in Bali while achieving very handsome returns with this freehold property for Indonesian buyers or over 80 years of leases for Foreign Buyers included in the purchase price starting at USD 184,888.
Pretty well everything you need to know including location, prices, and designs plus information on Bali and Bali retirement visas is available on our web site https://www.baliluxuryretirementvillas.com.

 
These brand-new luxury retirement villas are located only 200 m or a three minute walk from one of the best beaches on the east coast of Bali.
Swimming, snorkeling, surfing, horseback riding, and several new high-quality beach clubs are within walking distance.

The following Information is available on our website:

Features of © Bali Luxury Retirement Villas as low as * $184,888.



•100% legal for foreigners.


• Includes leases totaling 80 yrs.


• Private carport included.


• Private 8 m (27 Ft.) pool** for leisurely laps.


• Only 200 Mtr. To a fabulous beach, restaurants, beach clubs.


• Great investment for you and your heirs.


• Private Housekeepers & drivers, only $200 MTh.


• Healthcare at a fraction of Western costs.


• Brand-new hospital within five minutes.


• Award-winning International Airport 35 min.


• Proximity to Sanur, Ubud, Denpasar.


• Walking distance to affordable restaurants and beach clubs

• Shared low costs of pool man and gardeners.

• Minuscule monthly common area fees.

• Managed by 15-year-old, Hall of Fame award-winning management company.


• *Price of the least expensive villa in U.S.D. after $10,000 Discount for the first two villas only. Subject to change without notice.


Developed and managed by 14-year-old Hall of Fame award-winning Bali company.
Our 15-year-old Bali company Pt. Bali Affordable Lifestyles International (PT. B.A.L.I.) with over 100 + staff and thousands of satisfied clients guarantee completion of any villas purchased now in 2020.
We are a Ten-Year Consecutive “Certificate of Excellence” recipient on the World's Largest Travel Site and was awarded their "Hall of Fame Award", in 2019. This is awarded to only 2 % of the Hotels & Villas listed on TripAdvisor Worldwide"
Summary:

These villas offer you an opportunity to own a luxury home on arguably the Best Island in the world with some of the greatest weather, lowest cost of living, clean air, and friendliest people.

Profit Now Move in Later:
You may not be ready to pack up and move to Bali in the next few years.

So, you may purchase now at these ridiculously low prices and we can normally rent them out for you for a monthly income of $1,500 to $2,000 U.S.D. per month.
Our 15-year-old “Hall of Fame” the award-winning management company that manages villas for V.I.P.s such as the former director of General Electric and Ritz Carlton can provide substantial net monthly income to supplement your pension while providing a carefree rental unit.

Confused? We understand that you may have concerns that we may not have even thought of, so feel free to ask whatever questions you wish.

We do not want you to even think about purchasing our © Bali Luxury Retirement Villas unless you are 100% convinced that they are safe, and perfect for you and your family.

Limited Offer: Save $10,000: 

As with any new project we are anxious to sell the first few villas.

We have one already on hold and are only willing to offer one other villa at a $10,000 discount. First come first serve.

Free Stay in Luxury Estate:

If you wish to fly over and see the location first after you place a USD $2,000 Deposit we will offer you free accommodations in a 4 bdrm, 5 bath luxury beach view estate with a private 14 m pool for three days within walking distance of the location.

When you decide to conclude the purchase, we will extend the free estate accommodation for an additional four days.

Should you decide not to continue with the purchase we will refund your $2,000 Deposit minus $200.00 for the three-day stay.

Thank you for taking the time out of your busy schedule to review this information and information on the website. If there is any further information we can provide you please do not hesitate to ask.


Cheers, THE SALES TEAM © Bali Luxury Retirement Villas

PLEASE CALL OR EMAIL US: Tel: 62-361-284069 Mobile or Whatsapp 62-812-3814014 Email: infoBLRV@gmail.com

P.S. We also have several larger villas available from two-bedroom to four-bedroom starting as low as $158,888. www.baliluxuryvillasales.com


Save $100,000 On Huge Estate  

Only $488,888 Freehold or 80 year leases

For those of you that want to live in luxury for a fraction of Western costs we have this magnificent four bedroom five bathroom 450 m² luxury estate with a private beach entrance in a beachfront complex with views to die for.



Please contact us if you wish for further information. Tel: 62-361-284069 Mobile or Whatsapp 62-812-3814014 Email: infoBLRV@gmail.com
Are you tired of traditional investments such as banks and bonds that only offer 1%- 6% per year, which may not keep pace with the real inflation?
Do you want to become rich the way over 60 % of self-made multi-millionaires did?

“Become rich the way over 60 % of self-made multi-millionaires did?”

According to PT. B.A.L.I., one of Bali's leading real estate experts for the past 14 years, who have thousands of satisfied clients, this is the “Second best time to purchase Bali Real Estate this century”.

“Second best time to purchase Bali Real Estate this century”.

Recent recent clarification of Bali real estate laws for foreigners allowing them to obtain control of Bali Real Estate for more than normal life is creating a huge new demand for Indonesian and Bali Real Estate.

Coupled with the fact that Bali Real Estate has recently undergone the first correction in modern history with prices down as much as 50 % this may have set the stage for *increases of 20 % to 100 % in the next three to five years.

Free Bali Real Estate Seminar Video:

Whether you are a buyer, seller, broker, agent, investor, lessor or renter you can benefit from viewing PT. B.A.L.I’s latest Free Bali Real Estate Seminar Video filmed just a few months ago.

At this seminar PT. B.A.L.I’s Canadian President, a 23 yr. Bali resident, who is married to a fully Licenced Indonesian Notaris reviewed the most recent real estate laws for Indonesians and Foreigners in detail.

He also discussed the Past, Present, and Future of Bali Real Estate.

Click Here to view the latest Free Bali Real Estate Seminar Video

 Free Seminar Topics:

During this Free Bali Seminar Video 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 - 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 potential of *10% to 20 % per year?

> Discover how you can sell your property fast for the highest prices and lowest commissions.

> 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 $158,888 for a three-bedroom 650 m² 3-bedroom, 4 - bath with private 9 - meter. Pool in Sanur.

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

> Brand New Bali Luxury Retirement Villas starting at $184,888



To share this information copy this link & send   
https://baliworldnewsviews.blogspot.com/2020/08/once-in-lifetime-opportunity-huge-bali.htmlNote from The Seminar Speaker:


Since many of you have busy schedules and are unable to attend our seminars we think you will find our latest Free Bali Real Estate Seminar Video provides an exceptional education that will help you understand Bali real estate laws and allow you to make some substantial profits from Bali real estate investment.

After living in Bali for 23 years and running a Development and Real Estate Company for the last 18 years plus the fact that I'm married to a full lead licensed Notaris I think you will find that everything that you need to know about Bali Real Estate is covered in this timely seminar.

So, what have you got to lose? It’s Free and very Educational.
Click Here to view the latest Free Bali Real Estate Seminar Video

Feel free to contact me directly for a free private consultation at my office in Sanur.

Lawrence B.M.B, Owner, President, Director

Tel or Whatsapp +628123814014 Email: lawrenceptbali@gmail.com.

Free one-hour legal consultation:
For a free one-hour legal consultation you may contact my Partner & Wife Azizah regarding anything from Indonesian Laws, Establishment of legal companies, securing proper visas, Marital contracts including prenuptial's post nuptial’s, etc.


Tel or Whatsapp +628113864993
Email: balinotarisazizah@gmail.com
Head Office: Jl. Karangsari # 5, Sanur, Bali, Indonesia 80228 Tel. Office: 62-361-284069 Fax: 62-361-270143,
Mobile: or Whatsapp: English: 62-8123814014 Bahasa Indonesia: 62-8113864993 Email: lawrenceptbali@gmail.com Skype: baliagents





Saturday, 28 November 2020

Hong Kong home prices to extend decline

 


I've been monitoring Asian real estate for 23 years now and have predicted most major downturns.

I've been calling Hong Kong the bitcoin of the real estate market because it kept on going up for no reason just like bitcoin.

And like bitcoin at these lofty levels once again I believe Hong Kong is due for a major exponential downturn and before it's over prices will drop 20 to 50%.

Two major reasons for that happening are first and foremost the fact that Hong Kong has been living through demonstrations, riots with major injuries caused by police and finally the basic disconnect from true democracy with a recent takeover from mainland China

Many democratic loving Hong Kong citizens will not feel safe keeping their families in the country that is controlled by a supreme leadership.

They will seeking safer and better havens. 

Many are already buying in Singapore but the problem there is prices are now among the highest in the world. Buying for investment just doesn't make sense.

Buying in Australia with the severe lock down there will not get much action in the next 6 to 12 months.

The second problem in Hong Kong is that it has had a renewal of Covid - 19 cases and deaths which is also scary situation.

One place I believe they there's a good chance that they may invest in is Indonesia, especially Bali.

When they discover that they can buy a luxury villa in Bali for as little as $99,000 versus Singapore for $1 million a few will realize that Bali is a much better opportunity.

Once they you start to purchase here they will go back and tell her friends how great the opportunities are here. There will at an onslaught of Hong Kong along with mainland Chinese buying as well.

This is why I've launched our new high-tech website Best Bali Real Estate to locate quality properties in the areas that you're interested in  in minutes at great prices.

This is also why we marketing a special division of this website called Bali Distressed Properties with prices discounted 20 to 50% off of January 2020 prices.


 Hong Kong home prices to extend decline

Hong Kong home prices to extend decline after October’s 0.6 per cent surprise drop as Covid-19’s fourth wave dents confidence


The home price index for lived-in homes fell 0.6 per cent to 380.9 last month, as owners continued to settle for less than the asking price
Lay-offs at big firms like Cathay Pacific might influence other companies’ decisions about job cuts and unpaid leave, further denting demand, warned Knight Frank


Lam Ka-sing


Published: 3:29pm, 26 Nov, 2020


Why you can trust SCMP

18


3

It is likely most of October’s transactions involved owners who were still willing to reduce their asking prices because of concerns about the economic outlook, said Derek Chan of Ricacorp. Photo: Winson Wong

The 
fourth wave of coronavirus infections is expected to drag Hong Kong’s home prices down further after they “unexpectedly” fell 0.6 per cent in October.


In an earlier-than-expected release, the government’s Rating and Valuation Department on Thursday revealed that the secondary market home price index dropped to 380.9 last month.


“Even though the epidemic was relatively stable, the property price index last month unexpectedly softened,” said Derek Chan, head of research at Ricacorp Properties.
He believed this was because the economic situation – Hong Kong is mired in its worst ever recession – and 
high unemployment are still rattling the market.

The number of confirmed 
cases of Covid-19 decreased significantly in October, and the market for new homes became very active again. And in the second-hand market, some homeowners had been less willing to bargain with potential buyers, suggesting a slight rebound in confidence.




Nonetheless it is likely that most of October’s transactions involved owners who were still willing to reduce their asking prices because of concerns about the economic outlook, Chan said. It was this, rather than a lack of positive market sentiment, that led to the surprise fall in the property price index last month, he believes.



Property prices are down 4 per cent from their historical high of 396.9 points in May last year.



The November index is expected to be slightly softer again, though the monthly decline may narrow to about 0.3 per cent, according to Chan.

The fourth wave of the epidemic in Hong Kong, and the 
huge lay-offs by the city’s airline Cathay Pacific, are cause for concern. Chan said the decline in the property price index in December may widen to 1 per cent or more because of a lag in registered sales data.



The sudden latest wave of the epidemic forced Chan to revise his original forecast that property prices could rise by 3 per cent in the fourth quarter to a fall of more than 1.5 per cent.



“Property prices in the next two months are likely to continue to adjust downward,” said Thomas Lam, executive director at Knight Frank.


The current real estate market is very “distorted”, as residential property prices are still high and sales of first-hand properties are very strong, he said. He predicts the decline in prices this year will be about 2 to 3 per cent, which is less than he had previously feared.



He warned that large-scale lay-offs in big firms like Cathay Pacific might influence other companies’ decisions about job cuts and unpaid leave. He said most companies are likely to increase salaries at a very slow pace next year, affecting wage earners’ purchasing power.



Lam called on the government to relax special stamp duties to increase activity in the second-hand market, which would take some heat out of the demand for new homes and help owners with cash-flow problems to cash out or reduce their debt.



“I really hope that the government can use non-traditional thinking to examine the real estate market in extraordinary times,” Lam added. “Under the current market conditions, traditional mechanisms may not be effective to solve the problems.”


Elsewhere, New World Development sold about 90 per cent of the 315 units on sale at its Pavilia Farm phase two development in Tai Wai on Thursday. Altogether, it has sold more than 2,100 units for more than HK$23 billion in phases one and two since the development’s launch last month.

Why Buying to Flip Is a Bad Strategy Right Now,

Mansion Global Daily: Why Buying to Flip Is a Bad Strategy Right Now, a New Penthouse in Atlanta's Waldorf Astoria and More
Mansion Global’s daily round-up of the latest luxury real estate news from around the world

BY MANSION GLOBAL STAFF | ORIGINALLY PUBLISHED ON NOVEMBER 27, 2020 | MANSION GLOBAL




Not a Time to Flip: If You’re Buying in a Hot Market, Be Prepared to Hold Onto Your Property

Markets like Aspen, Bend and Cape Cod are hitting new peaks in sales price—but there’s opportunity for investors to earn rental income. Read More
BY THE NUMBERS



TRENDING TODAY


Thursday, 26 November 2020

Asian Real Estate Prices down 10 % - 50 %.

Editor's comments:

As the Article below points out 2021 does not look good for Asian Real Estate. 

Based on my 23 years of living in Asia, 17 years of which is in real estate I tend to agree with this prediction.

 

There is no question in my mind that the first half of 2021 will be terrible for Asian real estate, especially in Bali.

 Around the Chinese New Year in early February it will be one year since we discovered the worst pandemic in 100 years, Covid 19. 

Asian countries that rely heavily on tourism such as Hong Kong, Singapore, Vietnam and especially Bali in Indonesia have suffered devastating damage to personal cash reserves of most owners of real estate. 

Although there is light at the end of the tunnel with a multitude of vaccines it will take some time, especially in the larger Third World countries to distribute them.

Many owners have come to the end of their cash reserves.

They will be forced to sell properties at 20% to 50% below Jan. 2020 prices. 

Therefore, we have launched a brand-new highest tech website in Bali.

You can search through hundreds of quality listings with a mouse on you PC or your finger on your mobile phone. 

 We have a special section call Bali Distressed Properties. 

It features the first of many Bali land villas offices and hotels that are selling for these 20% low prices and upwards to 50%.

Buyers and investors that purchase these now should enjoy significant increases starting as early the second half of next year. 

I sincerely believe that the next few months will be the absolute best time to buy the best Bali properties at the Best prices this decade and perhaps even this century.

 I also believe that about halfway through next year the vaccines will be effective and begin to win the battle against Covid – 19.

  The amount of new cases and deaths will drop exponentially giving hope for everyone especially those in real estate.

 There is an old saying in the financial markets “Buy on the rumour and sell on the fact”.

“Buy on the rumour and sell on the fact”. 

 You do not want to wait until it becomes a fact that Covid-19 has been beaten.

You want to buy now.

 Some may say this is an unethical practice.

 But in fact when you purchase a property from somebody especially in Bali that may be up over 1,000% from its price is 20 years ago it won't hurt them to give up 20% to 50% of their gains so that they can support their families basic needs, healthcare, and education. You may even receive good Karma from purchasing a property from someone who is desperate.

 We have several properties available now and w expect to add dozens more in the coming weeks and months.

If you have a property that you're willing to sell at 20 to 50% below January prices click on this link fill in the information and send it to us and we will provide you three appraisal value is for your property and arrange for you listed for free as well.

 Stay tuned to this link to see the latest distressed properties available in Bali at 20% to 50% from prices one year ago.

 ________________________________

By Timothy Tay
/ EdgeProp Singapore

November 25, 2020 5:48 PM SGT

SINGAPORE (EDGEPROP) - A report jointly published by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC) lays out concerns that a correction may be on the cards next year for some property markets in the Asia Pacific region.

“The Asia Pacific region has been remarkably resilient to the challenges faced by coronavirus, particularly compared to Western markets, but we expect to see some market correction,” says David Faulkner, president of ULI Asia Pacific.
The report names three markets where stress seems likely to surface. In China, where a liquidity squeeze is creating bank financing challenges for smaller sized property developers. In India, where the implosion of local non-bank finance companies has created opportunities for foreign private equity funds. And Australia, where the economic impact of the Covid-19 pandemic has been most acute, and greater market transparency is likely to open up more buying prospects.



Singapore, Tokyo, and Sydney continue to rank highly as the top three markets for investment and development prospects in the Asia Pacific region. Ho Chi Minh City was the sole emerging market city with the best prospects for growth, boosted by its successful containment of the pandemic and a rapidly growing economy.

“2020 is a challenging year for all investments including real estate. Due to Covid -19 travel restrictions, there is a significant decline in cross-border investments. But with current liquidity, Singapore's stable market with good quality assets has helped the country maintain its position as the city of choice for investment prospects,” says Yeow Chee Keong, real estate and hospitality leader at PwC Singapore.



Ong Choon Fah, the ULI Singapore Chair and CEO of Edmund Tie, says that on top of corporate office assets, investors in Singapore are increasingly looking at potential deals involving logistics facilities. The ULI and PwC report highlights logistics as the asset class likely to emerge stronger post-Covid, with demand driven by cyclical and structural drivers such as e-commerce growth.
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The report also highlights upbeat consumer sentiment and a reliable long-term mortgage and rent payment track record earmark the residential sector as a defensive asset class that investors in the region are also targeting. Positive signs also point to growing demand for green debt in the Asia Pacific region.

WHY YOU SHOULD NEVER BUY PROPERTY LIKE A REAL ESTATE AGENT

“We’re probably the worst…” Twitter Facebook Flipboard Email James Booth Image: @g_rubinstein There are numerous stereotypes surrounding pr...