Why are investors attracted by this Serviced Residence in Bali

Most local Indonesians would be familiar with Bali, being the most popular local get away spot, and one of the top holiday destinations among foreign travelers.

Known as the “Island of the Gods”, Bali welcomed over 16 million tourists, comprising over 6 million international visitors in 2018 alone. With its cultural distinctiveness combined with its beautiful landscapes, Bali is undeniably a top global tourist hotspot, poised to grow year after year. You can’t speak about Bali without thinking of its amazing shores and breath-taking beach experiences that gives you the feeling of bliss.

Other than leisure, Bali has also caught the eye of investors due to its growth potential, attracting foreign opportunities of all types. Be it for an investment project (financial investment, extra income) or a life plan (retirement, change of life, a second home, Bali has become a top destination for many in Asia.

 

Meet Citadines Berawa Beach Bali, a development by Genesis Indojaya

Copy of Astraeus Book Shop

Located within 3 minutes’ walk from the beautiful Berawa Beach is the serviced residence developed by Genesis Indojaya and Stellar Partners, Citadines Berawa Beach Bali is located within a 5 minutes’ drive from over a hundred quality entertainment, shopping and food & beverage establishments. The smooth traffic in the Canggu area also permits easy access to and from the numerous tourist attractions and places of interest in the other regions of Bali, including Seminyak.

Copy of Astraeus Book Shop (1)

Canggu has been named the cooler, younger cousin of Seminyak and is fast seen as the new place to be. With its Instagram friendly walls, lifestyle restaurants and cafes, this area is now packed with Oberoi-famous boutiques, luxury villas, retail shops, cafés, restaurants and beach clubs, on every little street. Venture up north from Seminyak, and you will find the top restaurants in Bali such as the famed Finns Beach Club (previously at Uluwatu), or sunsets at The Lawn or the new Salumeria at Canggu’s newest “Eat” Street.

Copy of Astraeus Book Shop (2)

Professionally managed by The Ascott Limited under the Citadines brand, this 80-year leasehold serviced residence, a project by Genesis Indojaya and Stellar Partners, holds 226 apartments, including Studio, One-Bedroom and Two-Bedroom units and an iconic Presidential Villa with assured rental returns – of 8% per annum (p.a.) in the first 3 years by the Developer, Genesis Indojaya. One of the notable benefits of investing in the serviced residence is that your investment property will be professionally managed by a global lodging operator.

Hotel-12-One-Bedroom

Exclusive Promotion for Local Investos

The developer, Genesis Indojaya, is also offering exclusive promotions for local Indonesian investors. On top of the Guaranteed Rental Returns of 8% p.a in the first 3 years and the low down payment of just 30% with no further payment until the project’s completion, the developer, is also providing in-house financing options of up to 50% with a low interest rate of 4% per year for a maximum of 7 years, it is no surprise why this investment property is attracting strong interest from the investor community and also those looking for a perfect holiday home.

Hotel-7-Pool-1110x623

Bali, the real magnet for tourists and investors

Over 16 million visitors to Bali in 2018, and were international travelers made up 6 million of the total number. Bali is now targeting 8 million international visitors in 2019 and this could be attributed to Bali being ranked as the top holiday destination in the World by TripAdvisor in 2017 beating other hotspots such as London, Paris, Rome and New York. Bali has also consistently been ranked in the Top 10 for Honeymoon Destinations, Overseas Destinations and Luxury Travel Destinations by the Global Destination Marketing Summit and World Culture and Tourism Forum.

With over USD$600 million Foreign Direct Investment in Bali in 2017 alone, Global Property Guide and analysts have estimated that prices of luxury real estate have jumped more than 10 times in the past several years, in an unprecedented property price growth that is fuelled by both foreign and local Indonesian investors.  “Some strategic areas, especially those on the edges of Bali where tourism development was in those days, areas like Seminyak for example, saw prices go through the roof. As much as 10 times in a short space of time,” as quoted in a South China Morning Post article.

With Canggu on the rise, combined with its beachfront and surf-break views, analysts and real estate specialists in Indonesia are naming areas like Canggu, north of Bali as the most promising locations for property investments.

Citadines Berawa Beach Bali, developed by Genesis Indojaya and Stellar Partners, recently launched the project globally, with the intent to attract both locals and foreign buyers. For investors who are interested in this exquisite project, do seize the chance to find out more on this one-of-a-kind opportunity!

Keep me posted

Let DREA keep me updated on news, developments and insights about the Singapore Property market.