Bali is a Top Choice for Investment, says Colliers International

Bali is often considered a perfect holiday destination for all ages all over the world and now with greater transparencies in its legal system and a relaxation of government regulations, it is rapidly becoming a favorite market for investment.

(PRWEB) September 25, 2004 --According to Colliers International, Bali is now a viable market for property investors. Mr. Ginn Lai, Regional Director of Colliers International Properties division explains, Bali is becoming a top choice for investment. With a combination of diligent developers, a relaxation in government regulations and clearer transparencies in the legal system, we are seeing greater interest from investors. Our recent exhibition sale last weekend for Club 151 in Seminyak illustrates this point. The property realized more than a 50 per cent sellout of the 26 villas in Phase 1, which is an excellent result. "

Mr. Lai continues, Club 151 represents a turning point in the saleability of Bali property. The biggest hurdle in marketing Bali property has been alleviating purchaser concerns relating to the legal, political and social circumstances prevalent within this region. The packaging of Club 151 has appealed to sophisticated purchasers who, until now, have been unable to quantify and mitigate the inherent risks with investing in Bali."

Detailed due diligence conducted by Colliers and Hong Kong solicitors has been crucial in satisfying purchasers and ensuring that legal documentation provides a level of protection for investors. Key issues of clarification included translations of Indonesian legal documentation, Hong Kong legal representation for vendors Indonesian solicitors, establishing re-course for purchasers in the event of delays and non-completion of the project as well as clear and realistic rental projections to ensure fast payback. In addition, all transactions were in US dollars to avoid currency risks with the Rupiah.

Club 151 is a growing resort brand, with future developments in the pipeline for other areas of Bali and private islands off the coast of Bintan...which will certainly be attractive to investors given Balis current investment environment. " concluded Mr. Lai.

Prices for Club 151 start from US$220,000 for a 2-bedroom fully furnished villa. Other facilities include private club facilities and membership privileges, as well as 5-star resort management.

Club 151 Resorts International is owned by Pt. Hanno Bali. According to Hanno Soth Chairman of Pt. Hanno Bali, the company is gratified by the overwhelming response.

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