Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Bali Property Sector Threatened?
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Bali Property Sector Threatened?

Local Chamber of Commerce Chief Says Bali's Property Sector Headed for Collapse.


Bali News:
Click Image to Enlarge

(10/25/2008)

The Chairman of the Bali Chapter of the Indonesian Chamber of Commerce (KADIN, has predicted that the real estate business in Bali will collapse before then end of 2008. This dire prophesy was made to beritabali.com by Gede Wiratha who said that the current global financial crisis and lack of credit facilities threatens the funding of villa and apartment projects in Bali.

Saying that the development of the property sector in Bali is very dependent on funding from financial institutions, Wiratha posed the question: "The Banks themselves are in difficulties, how can they possibly extend credit?"

Wiratha, who owns various tourism and entertainment ventures in Bali, told the press that early indications of the coming collapse are already in evidence with a number of American and European hurriedly putting their villas and apartments on the market.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Donít Drink and Die
3 Dead and 1 Hospitalized Following Methanol Poisoning at Kuta Cafe
(7/27/2015)
Where Thereís Smoke . . .
Police Investigating Claim of Police Seeking ĎSpecial Paymentí from Bank Central Asia Official in Connection with Recent Fire in Kuta
(7/27/2015)
Wine as a Spectator Sport
St. Regis Bali Resort and The Laguna, a Luxury Collection Resort and Spa Win Honors from Wine Spectator Magazine
(7/27/2015)
Happy Birthday to You, You Live in a Zoo!
Celebrating National Childrenís Day with Bali Safari and Marine Park
(7/26/2015)
Seeking Relief in High Places
Tourists Complain About Limited Public Toilet Facilities at Kintamani Volcano. Toilets Installed by Government at Georpark Complex Locked and Without Water
(7/26/2015)
Baliís Seeking a New Chief of Police
Bali Police Chief Ronny Sompie Appointed to Civilian Post as Director General of Immigration
(7/26/2015)
Pay at the Door
Bali Collects US$36.9 million in Visa Fees During First Four Months of 2015
(7/26/2015)
New HIV/AIDS Infections up 50% in Three Years
The Majority of New HIV/AIDS Cases in Bali Linked to Heterosexual Contact
(7/26/2015)
After Iím Gone
Outgoing Regent Defends Building Boom for New Hotels But Insists The Building will Stop Once Badung Exceeds its Carrying Capacity
(7/26/2015)
Managing Growth in Tourist Arrivals
Indonesian Tourism Adamant Foreign Tourists Arrivals Can be Doubled in Just 5 Years
(7/26/2015)
Floating an Idea
North Bali Adventure in Lovina Urged to Tow Floating Water Park to Shore Until Licenses and Permits are in Hand
(7/26/2015)
To Kingdom Come
Wego.com Says Indonesian Domestic Travel Now Prefer Yogyakarta Over Bali
(7/26/2015)
All [News]!