Pantai Selatan Estate
Jimbaran Bali Villa
# 7 luxury villas
# 35 bedrooms
# Secure Estate
# Event Space
# Tennis Courts
# Putting Green
# HeliPad
# Cafe
# Gym
# Conference Room
# Beach Access
# Cliff Top
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Welcome to Pantai Selatan Estate
The Pantai Selatan Estate site is a three hectare (7.5 acre) rectangular block of land, with more than 200m of cliff frontage. The estate features one hectare of high-calibre shared facilities and services at the rear of the property, and seven glorious residential properties on the cliff front. Sloping naturally from the rear (north) of the site to the front, the estate affords unbroken views of the Indian Ocean, with a dramatic gorge running along the eastern border.
Each of the villa lots enjoys a minimum of 2300m2 of land (just over half an acre) and features 30m or more of cliff frontage.
Location Map
During the last decade the area known as the Bukit was home only to fisherman, dry-land farmers and a few die-hard surfers. Roads were limited and many of the beautiful beaches were inaccessible.
Since the Millennium, this region has reinvented itself as an up-market destination on the island. The picturesque cliffs are being acquired and developed by hotels groups and private investors for glamorous private villas and luxury hotels offerings. Land values have been increasing at 20-30% per annum over the last six years.
Beginning in 2002, Bayuh Sabbha, a 1.5 hectare estate located in Padang-Padang, and then The Istana, a spectacular 5-bedroom private villa located over the surf break of Uluwatu started to provoke the imagination with what could be done in the area and set the standards for the designer hotels and villa hotels that would follow.
A prime example of the growing importance the Bukit, is the placement of Bvlgari hotel which is currently under construction only a few kilometers from the estate. The only other Bulgari in the world is located in Milano, Italy. Located adjacent to the estate is another prestigious hotel, the Angsana Resort and Spa (a Banyan Tree hotel).
The airport is 20 minutes away and a world class beachside golf course is located a few kilometers away at Nusa Dua which contain an enclave of many luxury hotels including the Amanusa, Sheraton Laguna, and the new Westin.
The Concept
On an island renowned for world-class resorts, luxury villas, and extraordinary service, there’s a fresh, new offering set to take things to the next level: The Pantai Selatan Estate.
The concept began with three investors accustomed to the finer things in life who sought to build individual luxury villas for their own use. Not content to follow the crowd, they chose instead to create something unparalleled in Bali.
In collaboration with Bali’s leading property firm, Elite Havens, the investors took another path; they combined the best aspects of private luxury villas with the cachet associated with boutique hotels. The result is a unique private estate where discreet individualized service creates a tailor-made luxury experience.
Pantai Selatan is limited to seven spectacular cliff-top lots, each with at least 30m of cliff frontage. Each client in the estate enjoys the freedom to custom design their own luxury villa. Within the private boundaries of the estate lies one hectare of member facilities including two tennis courts, a clubhouse, a putting green and practice bunker and a funicular rail to the white sand beach 80m below.
Located on the extreme southern tip of the island, Pantai Selatan boasts an extraordinary, unobstructed view of the Indian Ocean. Embracing the trend of ‘Destination’ villas, the estate has been fashioned to contain as many features as possible, complemented by the highest levels of service, and designed to ensure that owners and guests have in their immediate environment the finest quality entertainment and dining.
An experienced team of 70 people will staff the estate; they will know your name, your preferences and will do everything to make your stay a personalized and luxurious experience.
From an investment perspective, with large lots, freehold title and professional management by the island’s top luxury villa management company, the Pantai Selatan Estate offers its clients outstanding potential rental yields as well as high capital appreciation that will complement its premium lifestyle characteristics well.
The Site
The Pantai Selatan Estate site is a three hectare (7.5 acre) rectangular block of land, with more than 200m of cliff frontage. The estate features one hectare of high-calibre shared facilities and services at the rear of the property, and seven glorious residential properties on the cliff front. Sloping naturally from the rear (north) of the site to the front, the estate affords unbroken views of the Indian Ocean, with a dramatic gorge running along the eastern border.
Each of the villa lots enjoys a minimum of 2300m2 of land (just over half an acre) and features 30m or more of cliff frontage.
Masterplan
The Pantai Selatan Estate offers seven custom-designed luxury residential properties within the borders of the estate. Each includes full access to the common member facilities.
The member facilities are designed by a unique team comprising Bali-based architect Martin Smyth and Fiji’s top architectural firm Architects Pacific. Their brief was to merge the best aspects of private villas and boutique hotels into a stunning new development. The result is an exclusive and expansive hideaway, set within a gated community, and supported by unparalleled common facilities and services.
The Estate features:
* Reception and concierge
* Clubhouse with bar, bakery and café
* Event space and conference facilities
* Business center
* Helipad
* Private funicular rail (inclinator) to the beach below
* Common parking for guests
* Putting green with practice bunker
* Staff facilities
* Two tennis courts ; one grass, one hard surface
* Basketball court (integrated into the hard surface court)
* Gymnasium
Each of the six residential lots is between 2300 and 3000 sqm in size (an acre is 4000sqm),
with a minimum of 30m of cliff frontage. Each property sits on its own freehold certificate.
The Concept
On an island renowned for world-class resorts, luxury villas, and extraordinary service, there’s a fresh, new offering set to take things to the next level: The Pantai Selatan Estate.
The concept began with three investors accustomed to the finer things in life who sought to build individual luxury villas for their own use. Not content to follow the crowd, they chose instead to create something unparalleled in Bali.
In collaboration with Bali’s leading property firm, Elite Havens, the investors took another path; they combined the best aspects of private luxury villas with the cachet associated with boutique hotels. The result is a unique private estate where discreet individualized service creates a tailor-made luxury experience.
Pantai Selatan is limited to seven spectacular cliff-top lots, each with at least 30m of cliff frontage. Each client in the estate enjoys the freedom to custom design their own luxury villa. Within the private boundaries of the estate lies one hectare of member facilities including two tennis courts, a clubhouse, a putting green and practice bunker and a funicular rail to the white sand beach 80m below.
Located on the extreme southern tip of the island, Pantai Selatan boasts an extraordinary, unobstructed view of the Indian Ocean. Embracing the trend of ‘Destination’ villas, the estate has been fashioned to contain as many features as possible, complemented by the highest levels of service, and designed to ensure that owners and guests have in their immediate environment the finest quality entertainment and dining.
An experienced team of 70 people will staff the estate; they will know your name, your preferences and will do everything to make your stay a personalized and luxurious experience.
From an investment perspective, with large lots, freehold title and professional management by the island’s top luxury villa management company, the Pantai Selatan Estate offers its clients outstanding potential rental yields as well as high capital appreciation that will complement its premium lifestyle characteristics well.
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The Site
The Pantai Selatan Estate site is a three hectare (7.5 acre) rectangular block of land, with more than 200m of cliff frontage. The estate features one hectare of high-calibre shared facilities and services at the rear of the property, and seven glorious residential properties on the cliff front. Sloping naturally from the rear (north) of the site to the front, the estate affords unbroken views of the Indian Ocean, with a dramatic gorge running along the eastern border.
Each of the villa lots enjoys a minimum of 2300m2 of land (just over half an acre) and features 30m or more of cliff frontage.
Masterplan
The Pantai Selatan Estate offers seven custom-designed luxury residential properties within the borders of the estate. Each includes full access to the common member facilities.
The member facilities are designed by a unique team comprising Bali-based architect Martin Smyth and Fiji’s top architectural firm Architects Pacific. Their brief was to merge the best aspects of private villas and boutique hotels into a stunning new development. The result is an exclusive and expansive hideaway, set within a gated community, and supported by unparalleled common facilities and services.
The Estate features:
* Reception and concierge
* Clubhouse with bar, bakery and café
* Event space and conference facilities
* Business center
* Helipad
* Private funicular rail (inclinator) to the beach below
* Common parking for guests
* Putting green with practice bunker
* Staff facilities
* Two tennis courts ; one grass, one hard surface
* Basketball court (integrated into the hard surface court)
* Gymnasium
Each of the six residential lots is between 2300 and 3000 sqm in size (an acre is 4000sqm),
with a minimum of 30m of cliff frontage. Each property sits on its own freehold certificate.
While paying homage to a common architectural theme, each expansive and luxurious residence will boast unique differences in accordance to the specifications, desires and whims of the owners. The estate’s villa architect will work with each client, within the building and design convent, to craft a unique architectural creation for each lot.
Facilties and Services
The Pantai Selatan Estate has been designed not only with the ultimate comfort of its owners in mind but also to meet and exceed the needs of high-end travellers eager to rent such property.
A highly experienced team of approximately 70 people will provide discreet individualized service, thereby creating a tailor-made luxury experience. Within the private villas, butlers provide the main interface with the estate’s service, arranging all dining and service needs.
Senior staff, a concierge team, an IT butler and guest relations manager compliment this and provide an interface for everything the estate can offer as well as for excursions outside.
The estate will be safeguarded by a professional security team, who will ensure that the owners’ and guests’ privacy and safety are never compromised.
The estate has its own water, electricity and sewage facilities.
The estate features the following amenities and services:
* Café with international menu located next to clubhouse pool
* Full dining facilities in each villa
* Bakery
* Concierge and guest relations services
* IT butler (dedicated to help guests with technology and internet-related issues)
* Baby-sitting and childcare
* 24 hour room service from the main kitchen.
* Lounge bar
* Business center
* Event space
* Wi-Fi (wireless) and fixed-line Broadband Internet access available throughout the estate
* Private funicular rail (inclinator) to the beach below
* Common parking for the guests
* Laundry
* Transportation arrangement facilities
* Commercial kitchen with facilities to cater for large functions.
* 24 hour security
* Fully equipped gymnasium
* 2 tennis courts, one grass and one hard surface
* Basketball court (integrated into the hard surface tennis court)
* Putting green with practice bunker
* Helipad
Clubhouse
Located to the northeast side, bordering the gorge, is the clubhouse. It serves as the social and operational heart of the estate.
The clubhouse offers members and guests facilities for work and play. The extensive kitchen and dining areas include a bakery, a cafe, a bar and rooms for private dining are designed to supplement the full kitchens fitted within each of the private villas. Also in the clubhouse is a large swimming pool, a state-of-the-art gymnasium, changing rooms, and a games room.
A portion of the clubhouse is dedicated to servicing the day-to-day needs of its guests; a reception area, concierge desk, accounting and management offices offer easy access to the estate’s dedicated management team.
From a commercial perspective the estate is designed to host large groups of people for social functions, such as weddings, and business functions such as small conferences.
Within the clubhouse are located several rooms of differing sizes that can be set up in multiple configurations depending on the needs of the event. The expansive garden in front of the clubhouse with its dramatic backdrop of the Indian Ocean can comfortably host large numbers of people for exclusive events.
Building Covenants
All villas within the estate will be designed and built within the estate’s Building and Design Covenant. The objectives of this covenant are two-fold.
The first is to ensure that each individual owner (hereinafter referred to as ‘the owner of the land’) can personally design and have constructed for them a villa of the highest quality that maintains the best characteristics of a personal house – impressive, suited to their personal needs, but above all not impinged by any other villa within the estate in terms of view and privacy. The second is to ensure that the villas each have certain basic characteristics that enhance their attractiveness for commercial short-term rentals.
Facilties and Services
The Pantai Selatan Estate has been designed not only with the ultimate comfort of its owners in mind but also to meet and exceed the needs of high-end travellers eager to rent such property.
A highly experienced team of approximately 70 people will provide discreet individualized service, thereby creating a tailor-made luxury experience. Within the private villas, butlers provide the main interface with the estate’s service, arranging all dining and service needs.
Senior staff, a concierge team, an IT butler and guest relations manager compliment this and provide an interface for everything the estate can offer as well as for excursions outside.
The estate will be safeguarded by a professional security team, who will ensure that the owners’ and guests’ privacy and safety are never compromised.
The estate has its own water, electricity and sewage facilities.
 |
 |
 |
 |
The estate features the following amenities and services:
* Café with international menu located next to clubhouse pool
* Full dining facilities in each villa
* Bakery
* Concierge and guest relations services
* IT butler (dedicated to help guests with technology and internet-related issues)
* Baby-sitting and childcare
* 24 hour room service from the main kitchen.
* Lounge bar
* Business center
* Event space
* Wi-Fi (wireless) and fixed-line Broadband Internet access available throughout the estate
* Private funicular rail (inclinator) to the beach below
* Common parking for the guests
* Laundry
* Transportation arrangement facilities
* Commercial kitchen with facilities to cater for large functions.
* 24 hour security
* Fully equipped gymnasium
* 2 tennis courts, one grass and one hard surface
* Basketball court (integrated into the hard surface tennis court)
* Putting green with practice bunker
* Helipad
Clubhouse
Located to the northeast side, bordering the gorge, is the clubhouse. It serves as the social and operational heart of the estate.
The clubhouse offers members and guests facilities for work and play. The extensive kitchen and dining areas include a bakery, a cafe, a bar and rooms for private dining are designed to supplement the full kitchens fitted within each of the private villas. Also in the clubhouse is a large swimming pool, a state-of-the-art gymnasium, changing rooms, and a games room.
A portion of the clubhouse is dedicated to servicing the day-to-day needs of its guests; a reception area, concierge desk, accounting and management offices offer easy access to the estate’s dedicated management team.
From a commercial perspective the estate is designed to host large groups of people for social functions, such as weddings, and business functions such as small conferences.
Within the clubhouse are located several rooms of differing sizes that can be set up in multiple configurations depending on the needs of the event. The expansive garden in front of the clubhouse with its dramatic backdrop of the Indian Ocean can comfortably host large numbers of people for exclusive events.
Building Covenants
All villas within the estate will be designed and built within the estate’s Building and Design Covenant. The objectives of this covenant are two-fold.
The first is to ensure that each individual owner (hereinafter referred to as ‘the owner of the land’) can personally design and have constructed for them a villa of the highest quality that maintains the best characteristics of a personal house – impressive, suited to their personal needs, but above all not impinged by any other villa within the estate in terms of view and privacy. The second is to ensure that the villas each have certain basic characteristics that enhance their attractiveness for commercial short-term rentals.
Owing to the fact that all villas will be designed and built within these covenants and share a degree of similarity it will serve to facilitate large rentals for events and large groups which is a lucrative portion of the rental market that no other complex/estate is proficient at doing.
It should be noted that a tropical climate wear tough on buildings. At the Pantai Selatan Estate, the villas will also be subject to sea breezes so we will be using the highest design-and-build methods and specifications to ensure that the individual villas and the common facilities will endure well and maintain their value, and to ensure they are easy to maintain and can still provide the highest level of service to owners and guests.
Environmental Concept
At Elite Havens we have an intimate knowledge of the island, we respect the Balinese traditions and customs, we identify with the culture and we foster a strong relationship with the local community. At the Pantai Selatan Estate we are committed to the achievement of solutions that blend style with nature without threatening the environment.Sensitive site planning and the use of local building materials, indigenous stone, native wood finishes, and harmonious landscaping creates a seamless integration with the natural surroundings and cliff top setting. Our target is to cause minimum disturbance during the course of the construction and provide a peaceful haven for the end users.Air and water quality, acoustic, visual, olfactory and sanitary comfort are all of primary importance. The financial benefits to the investors will be energy savings due to natural cooling systems, maximized natural light, natural ventilation, and grey water systems.
Pooled Income System
Villa Owners receive a proportionate share of pooled rental income regardless of the actual rental occupancy in any specific villa as shares are calculated on the entire complex’s rental income. The method of sharing is influenced by each Owner’s utilisation of their villa (‘Owner Occupied Nights’ or ‘ONN’). Villa Owners are excluded from the rental pool on those nights when they are in residence.
This structure has several benefits. It allows individual Owners to use their villas as much or as little as they choose. The less an individual uses the villa, the more they will benefit economically from commercial rentals. Also it encourages all owners to consider when they will stay in their villa as certain times of the year (the peak seasons of Christmas and the month of August, for instance) are more valuable to the Villa Owners and the Villa Complex than other times of the year.
This is how the system operates:
• All villas are grouped into a single accommodation pool. Contractually each owner has a certain amount of allocated nights (known as Owner Occupied Nights)
• All travel agency and airline commissions are subtracted from the gross amount and paid
to the agency or airline before they reach the complex. From the remaining balance, an allocation of 10% is paid to the Management Company as its Variable Management Fee. The remainder is termed the Gross Rooms Revenue (GRR)
• Each Villa owner has an Owner’s Share in the complex. The share is equal to the number of bedrooms in their respective villa divided by the total numbers of available bedrooms for commercial rental in the complex. On any given night any or all Villa Owners may be using their Owner Occupied Nights (ONN). If they are, they are removed from the pool of available bedrooms for that night.
• On any given night the Total Available Bedrooms (TAB) is calculated. TAB equals the number of bedrooms in the complex minus ONN.
• Owners who are not using their ONN are then entitled to the Owner’s Nightly Pool Share (ONPS). Each ONPS equals the GRR divided by the TAB multiplied by number of bedrooms that the Villa Owner possesses.
• The total revenue and owners' shares are calculated on a daily basis, accounted for on a monthly basis, and distributed to the owners on a quarterly basis.
Ownership Options
The Pantai Selatan Estate specific ownership structure
The Pantai Selatan Estate is based on a series of individual Hak Milik (freehold) titled lots.The estate developers have engineered a situation where the land that makes up the individual lot will be placed into a designate’s name (who is an Indonesian individual, thus preserving the Hak Milik title), then subdivided into individual lots with accompanying freehold titles.These individual Hak Milik titles will then be sold onto purchasers into whatever form they desire.
It should be noted that a tropical climate wear tough on buildings. At the Pantai Selatan Estate, the villas will also be subject to sea breezes so we will be using the highest design-and-build methods and specifications to ensure that the individual villas and the common facilities will endure well and maintain their value, and to ensure they are easy to maintain and can still provide the highest level of service to owners and guests.
Environmental Concept
At Elite Havens we have an intimate knowledge of the island, we respect the Balinese traditions and customs, we identify with the culture and we foster a strong relationship with the local community. At the Pantai Selatan Estate we are committed to the achievement of solutions that blend style with nature without threatening the environment.Sensitive site planning and the use of local building materials, indigenous stone, native wood finishes, and harmonious landscaping creates a seamless integration with the natural surroundings and cliff top setting. Our target is to cause minimum disturbance during the course of the construction and provide a peaceful haven for the end users.Air and water quality, acoustic, visual, olfactory and sanitary comfort are all of primary importance. The financial benefits to the investors will be energy savings due to natural cooling systems, maximized natural light, natural ventilation, and grey water systems.
Pooled Income System
Villa Owners receive a proportionate share of pooled rental income regardless of the actual rental occupancy in any specific villa as shares are calculated on the entire complex’s rental income. The method of sharing is influenced by each Owner’s utilisation of their villa (‘Owner Occupied Nights’ or ‘ONN’). Villa Owners are excluded from the rental pool on those nights when they are in residence.
This structure has several benefits. It allows individual Owners to use their villas as much or as little as they choose. The less an individual uses the villa, the more they will benefit economically from commercial rentals. Also it encourages all owners to consider when they will stay in their villa as certain times of the year (the peak seasons of Christmas and the month of August, for instance) are more valuable to the Villa Owners and the Villa Complex than other times of the year.
This is how the system operates:
• All villas are grouped into a single accommodation pool. Contractually each owner has a certain amount of allocated nights (known as Owner Occupied Nights)
• All travel agency and airline commissions are subtracted from the gross amount and paid
to the agency or airline before they reach the complex. From the remaining balance, an allocation of 10% is paid to the Management Company as its Variable Management Fee. The remainder is termed the Gross Rooms Revenue (GRR)
• Each Villa owner has an Owner’s Share in the complex. The share is equal to the number of bedrooms in their respective villa divided by the total numbers of available bedrooms for commercial rental in the complex. On any given night any or all Villa Owners may be using their Owner Occupied Nights (ONN). If they are, they are removed from the pool of available bedrooms for that night.
• On any given night the Total Available Bedrooms (TAB) is calculated. TAB equals the number of bedrooms in the complex minus ONN.
• Owners who are not using their ONN are then entitled to the Owner’s Nightly Pool Share (ONPS). Each ONPS equals the GRR divided by the TAB multiplied by number of bedrooms that the Villa Owner possesses.
• The total revenue and owners' shares are calculated on a daily basis, accounted for on a monthly basis, and distributed to the owners on a quarterly basis.
Ownership Options
The Pantai Selatan Estate specific ownership structure
The Pantai Selatan Estate is based on a series of individual Hak Milik (freehold) titled lots.The estate developers have engineered a situation where the land that makes up the individual lot will be placed into a designate’s name (who is an Indonesian individual, thus preserving the Hak Milik title), then subdivided into individual lots with accompanying freehold titles.These individual Hak Milik titles will then be sold onto purchasers into whatever form they desire.
These titles will be sold in a sales package which includes:
* Full service management package
* Building and design covenants
* Custom build contract
* Right to utilize common areas
If purchasers are to acquire their lots in Hak Pakai title (recommended) the developers will structure it so the developments designate sells a Hak Pakai title of an initial 25-year term with three pre-paid 25-year extensions thus providing 100 years of ownership (4 x 25 year terms = 100 years).If for any reason purchasers would prefer to use another form of ownership the developers and their legal counsel will facilitate that to the utmost. For instance, citizens of the Republic of Indonesia can purchase the freehold Hak Milik title directly from the developer’s designate. Purchasers wishing to own multiple blocks of land in Indonesia or guard their ownership behind the shell of an offshore company might opt for a PT PMA structure with an HGB title.The developers intend to form one or several PT PMA(s) (foreign investment limited liability company) to own the remaining estate land and common facilities in an HGB (right to build) title. In any case, it will grant purchasers of individual lots the permanent right (tied to the ownership of the lots) to utilize the common facilities as part of the sale contract (certain conditions do apply). They will also provide licenses enabling the individual villas and common areas to be used for the purposes of commercial rental.
NOTICE: THE ABOVE EXPLANATION IS FOR INFORMATION PURPOSES ONLY AND THE DEVELOPERS OF THE PANTAI SELATAN ESTATE RECOMMEND THAT POTENTIAL PURCHASERS SEEK INDEPENDENT LEGAL ADVICE IN INDONESIA WITH REGARD TO THE PROPOSED PURCHASE. SUBSEQUENT TO THE PURCHASE, LEGAL ADVICE SHOULD BE TAKEN IN THE HOME JURISDICTION OF THE PURCHASER WITH REGARD TO WILLS AND SUCCESSION PLANNING FOR INDONESIAN PROPERTY.
Factors & Trends
Bali property has received considerable media and public attention over the last few years. Below please find a variety of factors which influence it and an attempt to explain some of the underlying trends.
Property
Regional placement and trends
Financing
International destination - diverse markets
Sophisticated social & cultural scene
Physical Infrastructure
Local Land customs
Bali vs. Indonesia
Currency
Political Risk
Press
Below is some of what the world's publications (such as the New York Times and South China Morning Post) think about the Pantai Selatan Estate, Bali, and villas :
Referencing Pantai Selatan :
* “ Bali is booming and the rental villas popping up all over the island this year – such as …Pantai Selatan – are giving its five-star hotels a run for their money. They offer all the benefits of the traditional hotel experience and more”. Bali Bliss, Discovery (Cathay Pacific's in-flight magazine), July 2008.
* “the company had received so many destination celebration requests in recent years that it decided to...[develop] the Pantai Selatan Estate”, - Making the House Party a Movable Feast, The New York Times, June 17, 2007.
* “The Indonesian island is still the same affordable paradise it was before this [atrocity] and it is already well on it’s way to a full recovery.” – Understated Bliss in Bali, The Financial Times, November 12, 2005.
* “The owners reacted very well to have the ability to craft their own homes without the usual worries, while still being able to benefit from the economies of scale that come with being within an estate”, - Land & Build packages, HOT Property, Autumn 2007.
As a destination :
* Bali - Voted the best Island, World's Best, Condé Nast Traveler, 4th October 2004.
* “The scene has become so stylish that Seminyak [Bali] has been dubbed the Ibiza of Southeast Asia” – The New Bali, www.departures.com, May 2005.
* “Final foreign direct arrival numbers for 2004 shows Bali set a new all-time record for foreign visitors, totaling 1,458,309 visitors – a number that’s 3.2% better than the previous record set in 2000 ( 1,412,839 )”, – 2004 Tourist Arrivals Totals, www.balitourismauthority.net, 24th January 2005.
* “Plenty of islands are easier to get to and more affordable, but Bali pulls people like nowhere else in the world. The secret of Bali is the breadth of luxury villas, bungalows and estates for hire, with or without staff” – Indonesia: The Bali High life, The Sunday Times Magazine, January 19th, 2003.
* Chris Allen states ‘The main reasons for investing in Bali are that it’s a fantastic location for sailing, and has great surf, golf courses, top restaurants and International airport. I looked at Phuket, Koh Samui, the Philippines and Sri Lanka, but Bali wins hands down” - HK expats home in on a spot of paradise, South China Morning Post, 23th June 2004.
About villas:
* “Renting villas is the thing there, which affords distance from crowds but proximity to the scene. Most of the people who stay in that area, however, wouldn’t be caught dead in a hotel, no matter how luxurious. By the 1990’s, foreign visitors to Bali discovered that building a villa could be lucrative investment. – A Bali Beach You’ll Never Want to Leave,The New York Times, Feb 22nd, 2004.
* “For LUXE, Bali is all about VILLAS - 24 hours hot and cold staff, privacy, luxury, bliss”, – Villas, Luxe City Guides, 2003.
* “More people are catching on to what a great deal the villas here are, and more companies are looking for private villas to have private meetings” – In Bali, Villas Lure Business Clients, - The Wall Street Journal, January 13th, 2004.
* “Bali is back, the same but different. Now it is smaller boutique properties and private villas with wow-factor pools and soft-footed service” – Falling in love again, Tattler and Abercrombie and Kent, Travel Guide 2005.
About Investing villas in Bali:
* “Expats from around Asia are fuelling a surge in the luxury villa market and driving land prices to historical highs. Property prices were rising about 25 percent per year in prime locations and are expected to double over the next three to five years”, Heavy traffic on the road to Bali, South China Morning Post, May 2004.
* “Bali is the luxury holiday destination for the Asia Pacific region, and is in the early stages of development compared to the Mediterranean or the Caribbean” – Bali Buy, Robb Report - Vacation Homes, Summer 2005.
* “The Bali property market continues to race”, – Bali Property, get it while it’s hot, Fine Restaurants & Villas, July-Aug 2004.
* Full service management package
* Building and design covenants
* Custom build contract
* Right to utilize common areas
If purchasers are to acquire their lots in Hak Pakai title (recommended) the developers will structure it so the developments designate sells a Hak Pakai title of an initial 25-year term with three pre-paid 25-year extensions thus providing 100 years of ownership (4 x 25 year terms = 100 years).If for any reason purchasers would prefer to use another form of ownership the developers and their legal counsel will facilitate that to the utmost. For instance, citizens of the Republic of Indonesia can purchase the freehold Hak Milik title directly from the developer’s designate. Purchasers wishing to own multiple blocks of land in Indonesia or guard their ownership behind the shell of an offshore company might opt for a PT PMA structure with an HGB title.The developers intend to form one or several PT PMA(s) (foreign investment limited liability company) to own the remaining estate land and common facilities in an HGB (right to build) title. In any case, it will grant purchasers of individual lots the permanent right (tied to the ownership of the lots) to utilize the common facilities as part of the sale contract (certain conditions do apply). They will also provide licenses enabling the individual villas and common areas to be used for the purposes of commercial rental.
NOTICE: THE ABOVE EXPLANATION IS FOR INFORMATION PURPOSES ONLY AND THE DEVELOPERS OF THE PANTAI SELATAN ESTATE RECOMMEND THAT POTENTIAL PURCHASERS SEEK INDEPENDENT LEGAL ADVICE IN INDONESIA WITH REGARD TO THE PROPOSED PURCHASE. SUBSEQUENT TO THE PURCHASE, LEGAL ADVICE SHOULD BE TAKEN IN THE HOME JURISDICTION OF THE PURCHASER WITH REGARD TO WILLS AND SUCCESSION PLANNING FOR INDONESIAN PROPERTY.
Factors & Trends
Bali property has received considerable media and public attention over the last few years. Below please find a variety of factors which influence it and an attempt to explain some of the underlying trends.
Property
Regional placement and trends
Financing
International destination - diverse markets
Sophisticated social & cultural scene
Physical Infrastructure
Local Land customs
Bali vs. Indonesia
Currency
Political Risk
Press
Below is some of what the world's publications (such as the New York Times and South China Morning Post) think about the Pantai Selatan Estate, Bali, and villas :
Referencing Pantai Selatan :
* “ Bali is booming and the rental villas popping up all over the island this year – such as …Pantai Selatan – are giving its five-star hotels a run for their money. They offer all the benefits of the traditional hotel experience and more”. Bali Bliss, Discovery (Cathay Pacific's in-flight magazine), July 2008.
* “the company had received so many destination celebration requests in recent years that it decided to...[develop] the Pantai Selatan Estate”, - Making the House Party a Movable Feast, The New York Times, June 17, 2007.
* “The Indonesian island is still the same affordable paradise it was before this [atrocity] and it is already well on it’s way to a full recovery.” – Understated Bliss in Bali, The Financial Times, November 12, 2005.
* “The owners reacted very well to have the ability to craft their own homes without the usual worries, while still being able to benefit from the economies of scale that come with being within an estate”, - Land & Build packages, HOT Property, Autumn 2007.
As a destination :
* Bali - Voted the best Island, World's Best, Condé Nast Traveler, 4th October 2004.
* “The scene has become so stylish that Seminyak [Bali] has been dubbed the Ibiza of Southeast Asia” – The New Bali, www.departures.com, May 2005.
* “Final foreign direct arrival numbers for 2004 shows Bali set a new all-time record for foreign visitors, totaling 1,458,309 visitors – a number that’s 3.2% better than the previous record set in 2000 ( 1,412,839 )”, – 2004 Tourist Arrivals Totals, www.balitourismauthority.net, 24th January 2005.
* “Plenty of islands are easier to get to and more affordable, but Bali pulls people like nowhere else in the world. The secret of Bali is the breadth of luxury villas, bungalows and estates for hire, with or without staff” – Indonesia: The Bali High life, The Sunday Times Magazine, January 19th, 2003.
* Chris Allen states ‘The main reasons for investing in Bali are that it’s a fantastic location for sailing, and has great surf, golf courses, top restaurants and International airport. I looked at Phuket, Koh Samui, the Philippines and Sri Lanka, but Bali wins hands down” - HK expats home in on a spot of paradise, South China Morning Post, 23th June 2004.
About villas:
* “Renting villas is the thing there, which affords distance from crowds but proximity to the scene. Most of the people who stay in that area, however, wouldn’t be caught dead in a hotel, no matter how luxurious. By the 1990’s, foreign visitors to Bali discovered that building a villa could be lucrative investment. – A Bali Beach You’ll Never Want to Leave,The New York Times, Feb 22nd, 2004.
* “For LUXE, Bali is all about VILLAS - 24 hours hot and cold staff, privacy, luxury, bliss”, – Villas, Luxe City Guides, 2003.
* “More people are catching on to what a great deal the villas here are, and more companies are looking for private villas to have private meetings” – In Bali, Villas Lure Business Clients, - The Wall Street Journal, January 13th, 2004.
* “Bali is back, the same but different. Now it is smaller boutique properties and private villas with wow-factor pools and soft-footed service” – Falling in love again, Tattler and Abercrombie and Kent, Travel Guide 2005.
About Investing villas in Bali:
* “Expats from around Asia are fuelling a surge in the luxury villa market and driving land prices to historical highs. Property prices were rising about 25 percent per year in prime locations and are expected to double over the next three to five years”, Heavy traffic on the road to Bali, South China Morning Post, May 2004.
* “Bali is the luxury holiday destination for the Asia Pacific region, and is in the early stages of development compared to the Mediterranean or the Caribbean” – Bali Buy, Robb Report - Vacation Homes, Summer 2005.
* “The Bali property market continues to race”, – Bali Property, get it while it’s hot, Fine Restaurants & Villas, July-Aug 2004.
