Bali, also known as the “Island of the Gods”, 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
Located within 3 minutes walk from the beautiful Berawa Beach is the multi-award winning serviced residence development developed by Genesis Indojaya and Stellar Partners. Citadines Berawa Beach Bali that 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.
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.
Professionally managed by The Ascott Limited under the Citadines brand, this 100-years 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 7% per annum (p.a.) in the first 5 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.
Foreigner Eligible, with No ABSD
This serviced residence development is eligible to all foreign investors. Singaporean buyers will look to benefit greatly as they are eligible to invest without the risk of Additional Buyer’s Stamp Duty (ABSD).
The developer, Genesis Indojaya is also offering exclusive promotions for foreign investors. On top of the Assured Rental Returns of 7% p.a for first 5 years and the low down payment of just 30% with no further payment until the project’s completion. Apart from the attractive returns and investor-friendly payment terms, the developer, Genesis Indojaya is also providing in-house financing options of up to 50% with a low interest rate of 1.5% per year for a maximum of 7 years, it is no surprise why this investment property is attracting strong interest from the investor community.
Bali, the real magnet for tourists and investors
Over 16 million visitors to Bali in 2018. This is just 2.5 million lower than global city Singapore’s international visitor arrivals of 18.5 million in 2018. Of those 16 million visitors to Bali, 6 million were international travellers. 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 has recently launched in Singapore and the exclusive promotion for foreign investors will still be available for a limited time. For investors who are interested in this exquisite project, do seize the chance to find out more in this one-of-a-kind investment opportunity!