The Bali Real Estate Market Is Booming

The Real Estate Market in Bali has bounced back with a vengeance and becoming a top choice for investment.

(PRWEB) October 17, 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.

Mr. Lai continues, "Club 151 Villa and Resorts, 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 vendor's 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 Resorts and Villas are owned by PT Hanno Bali, a respected developer in Bali. According to Hanno Soth Chairman of PT Hanno Bali Bali is a fantastic place to invest . Everybody these days wants own a villa here, but the due diligence process can be daunting. The trick for our company has been to have respected organizations like Colliers International and their Solicitors go through our projects with a fine tooth comb, and help us provide purchasers with a clear investment and sense of security.

We are very proud of our Club 151 developments says Hanno, because they set a new standard for investing in Bali. As a company we drew on our years of experience to secure the best properties, design leading edge developments, get the requisite licensing and ultimately provide purchasers with a great investment.

Pt. Hanno Bali is a growing company with future developments in the pipeline for other areas of Bali, Private Islands off the coast of Singapore and Lombok, as well as Anti-Aging Spas and Clinics in 74 countries.

Contact:
Colliers Intl : ginn.Lai@colliers.com
Club 151:        info@club151.net
PT Hanno Bali: hanno@hannobali.com

www.club151.net
www.hannobali.com
www.bintan-islands.com
www.onelifeplus.com

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