Free Bali and Jakarta Real Estate Investment and Retirement 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.
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:
Location: Jakarta, Le Meridien Hotel
Dates & Times:
1. Thursday - Nov. 1st. 6:30 PM - 7:45 PM
2.Saturday - Nov. 3rd. 2:00 PM - 3:15 PM
Location: Bali, Emerald Villas, Sanur
Dates & Times:
1. Thursday - Nov. 8th. 6:30 PM - 7:45 PM
2.Saturday - Nov. 10th. 2:00 PM - 3:15 PM
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: firstname.lastname@example.org or Tel: Office: 62-361- 284069 For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177
Wednesday, 3 January 2018
South Korea mulls property tax hike to curb price rises
Earlier measures – including levying heavy capital gains taxes on those who have invested in multiple homes and restricting mortgages – have not been effective
PUBLISHED : Tuesday, 02 January, 2018, 6:04am
UPDATED : Tuesday, 02 January, 2018, 7:11pm
After the South Korean government hinted that property taxes will be raised on real estate investors, the market is examining various scenarios of the tax revision.
SCMP TODAY: INTL EDITION
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During a briefing on economic policy directives for 2018, finance minister Kim Dong-yeon said the government would comprehensively consider diverse factors such as equity in taxation.
“Since tax revision has a huge impact, it is crucial to have a discussion. We will prepare measures after gathering diverse opinions through a special committee,” he said.
The official tax hike plan on homeowners is expected to be unveiled in August when the government announces its tax revision plans.
Raising property taxes has been regarded as the government’s last hidden card to stabilise housing prices, as it has been cautious about the tax hike. Policymakers have been traumatised by tax hikes ever since they witnessed how the administration under President Roh Moo-hyun in 2003 to 2008, was damaged by “comprehensive real estate tax”.
The Roh administration, whose ideology the current administration under President Moon Jae-in has inherited, introduced the tax to curb soaring housing prices but ended up losing votes due to strong resistance from taxpayers who criticised it as a “tax bomb”.
We will prepare measures after gathering diverse opinions through a special committee
KIM DONG-YEON, FINANCE MINISTER
With the housing market showing signs of overheating, the administration seems to be left with no option but the property tax hike.
Unlike previous administrations that tried to bolster the housing market to prop up economic growth, the Moon administration has declared war on real estate speculators. On August 2, it announced real estate stabilisation measures, which include levying heavy capital gains taxes on those who have invested in multiple homes on top of restricting mortgages.
However, it failed to curb flat prices in the capital city of Seoul. According to Korea Appraisal Board, prices in Seoul rose 3.82 per cent between January and November this year, picking up pace from the previous year. Prices rose steeply especially in the southern districts where high-priced flats are located.
“There has been polarisation between Seoul and provinces following the August 2 measures. Demand has always surpassed supply in Seoul as additional supply of homes is restricted there,” said Chae Sang-wook, an analyst at Hana Financial Investment.
He added that those who had invested in multiple homes in the provinces seem to be selling them to purchase one good apartment in Seoul instead, further inflating flat prices in key areas of Seoul. Following the August 2 measures, housing prices in Seoul rose 2.8 per cent, while prices in other regions rose a mere 0.7 per cent.
“If the polarisation continues, it will hinder the government’s real estate market stabilisation policies. It may have to boost the real estate market in the provinces,” he said.
If the polarisation continues, it will hinder the government’s real estate market stabilisation policies
CHAE SANG-WOOK, HANA FINANCIAL INVESTMENT
Market watchers expect the Moon administration to target those who own multiple homes instead of raising overall property taxes since that would face strong resistance from homeowners.
On top of pressuring demand by raising property taxes, the government plans to stabilise the market by increasing the supply of new homes. According to the government housing welfare roadmap, one million homes will be supplied for the next five years through public sector companies such as the Korea Land and Housing Corporation. They will target newlyweds, young people and low-income households.
Read the original article at The Korea Times
This article appeared in the South China Morning Post print edition as: Tax rise mulled to curb prices in Korea
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