Bold buyers venture into Indonesian market

Friday, 06 May 2011 00:00

by Lisa Allen

Tired of Bali? Like the French and Dutch, Australians are flocking to Yogyakarta, attracted by the renowned Borobudur temple complex and the city’s reputation as one of Indonesia’s key centres for classical Javanese arts.

Bali's Elite Havens goes global with Knight Frank

Thursday, 28 April 2011 00:00

Elite Havens, Bali’s leading real estate agency, recently entered a strategic associate partnership with Knight Frank and now has a truly global reach.

Apartment bill allows expats to hold 90-year leases

Wednesday, 20 April 2011 00:00

Source:  The Jakarta Globe

by Elly Burhaini Faizal

The legislature is deliberating a bill on apartments that will give foreigners the right to longer leaseholds, ranging from 70 to 90 years, to boost the property market.

In Bali, Even Homes Without Ocean Views Draw Interest

Thursday, 13 January 2011 00:00

Source:  The New York Times

by Kevin Brass

UBUD, INDONESIA — After spending weeks searching the hills of Bali for a home to buy, John Duffield and Rachel Plecas settled on a house that was something of a snake pit.

But even though they found a python slithering through the run-down house during their initial inspection, they fell in love with the overgrown elements of the property, which had once been used as an aviary.

High Time for Builders in Bali

Tuesday, 26 October 2010 00:00

Source:  The Australian Financial Review

by Lisa Allen

Forget Noosa, Nantucket and Nice – the seriously wealthy are buying up big in Bali, transforming the sleepy idyll just four hours’ flying time from Perth into one of south-east Asia’s hottest residential property markets.

House Hunting in ... Indonesia

Wednesday, 15 September 2010 00:00

Source:  The New York Times

by Virgina C. McGuire

A FURNISHED OPEN-AIR HOME ON A BEACHFRONT ESTATE ON THE ISLAND OF BALI

$3 MILLION

This property, consisting of six structures with a total of six bedrooms and seven baths, is a few miles north of the village of Candi Dasa on Bali’s east coast. The main living space, completed in 2008, is an open-air pavilion facing the water, with a living room on the top floor and a dining room below. Bamboo screens can be lowered to protect the space from rain. The master suite, a separate structure adjacent to the main pavilion, has a bedroom, a sitting area and two bathrooms; all the rooms have views of the ocean and Bali’s tallest mountain, Gunung Agung.

Indonesia Shows Greece There's Life After Austerity

Sunday, 23 May 2010 00:00

Source:  Bloomberg

If al-Qaeda-linked terrorists thought they could drive foreign investors out of Indonesia, they didn’t reckon with the likes of Jim Castle.

Seven years ago, Castle, a Michigan-born consultant for 100 multinational companies -- including Citigroup Inc., Exxon Mobil Corp. and Nestle SA -- was having lunch at Jakarta’s JW Marriott hotel when a truck bomb detonated outside the building, killing 12 people and injuring 150. Castle walked away unhurt.

Long Bali leases could bring boom

Tuesday, 20 April 2010 00:00

Source:  The West Australian

A surge in cashed-up West Australians splashing out on Bali holiday homes has been predicted amid speculation the Indonesian Government is preparing to relax foreign ownership rules. Real estate agents expect an official announcement next month on lifting the cap on leases to foreigners of residential property from 25 to 70 years.

Brands bet Indonesia is next big market

Wednesday, 07 April 2010 00:00

Source:  The Wall Street Journal

by Patrick Barta

SAMARINDA, Indonesia—International companies are betting Indonesia will become Asia's next big consumer market after China and India—in part because of booming jungle outposts like this one.

Indonesia looks to revise foreign ownership regulations

Friday, 05 March 2010 23:59

Source:  Property Report Asia

Indonesia´s state minister for Public Housing Suharso Monoarfa said he would propose revision of regulation on foreigner ownership of property in the country.

West Australians investing in Bali Property

Sunday, 03 January 2010 00:00

Source:  The Sunday Times

A GROWING number of West Australians are investing in Bali property, according to John Garland, of John Garland International.

``People are seeing it as the alternative to having a property down south. Where traditionally they would have owned a property in Yallingup or Margaret River, they are looking to own a property up there which can be staffed all-year-round at minimal cost, and the property is maintained.''

Peaks and troughs

Saturday, 23 May 2009 00:00

Source:  The Financial Times

In Hong Kong, where real estate is an obsession, a recession is not taken seriously until property owners start slashing their asking prices. And, in the second half of last year, that happened. Across the territory the numbers on signs in real estate agency windows were crossed out and replaced with lower ones – usually in red ink.

Hot property

Friday, 06 March 2009 00:00

Source:  The Australian

by Deborah Cassrels

In some parts of Bali land values are at a premium and demand for dream homes as strong as ever, which is excellent news for architect Ross Franklin.

Bali's property market 'insulated'

Thursday, 26 February 2009 00:00

Source:  Business Spectator

Australian villa owners say Bali's property market is more resilient than that in their own country, as the global financial crisis worsens.

The island's villa market has experienced exponential growth in recent years amid record tourism numbers, with villas in prime locations going for up to $US3 million ($A4.62 million) off-the-plan.