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 · Hotel Units on Sale for Bali's Pecatu Condotel
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

Hotel Units on Sale for Bali's Pecatu Condotel

Developers Offer Condotel Units on Bali's Ungasan Peninsula Starting from US$120,000.


Bali News: PT Suryainti Permata, Kuta Bali Condotel, The Rich Prada Hotel, PT Bali Pecatu Graha, Caleb Rudolf.
Click Image to Enlarge

(10/10/2009)

Bisnis.com reports that PT Suryainti Permata will be marketing The New Kuta Bali Condotel as part of its total development of the The Rich Prada Hotel project at Dreamland, Pecatu, on the Ungasan Peninsula.

The Marketing Director of PT Bali Pecatu Graha, Caleb Rudolf, said the property would be marketed in three of Indonesia's largest cities – Surabaya, Jakarta and Medan. Adding, "We will begin in Surabaya, after that we'll promote in Jakarta and Medan."

Rudolf went on to explain that only around 30% of the total 950 units comprising the Condotel would be offered to outside investors with the remaining units staying in the hands of PT Suryainto Permata.

Bali Pecatu Graha, according to Rudolf, will serve as the complex managers while the operations of the resort would be done by The Rich Prada chain. Elaborating, he added: "so the development concept will resemble the 'Bali Tourism Development Corporation (BTDC)' in Nusa Dua, where PT Suryainti Permata purchases a cluster in the 'Bali Pecatu Graha' in which to build a Condotel."

He said that for those investing in Condotel units the developer is prepared to give a 11.5% annual return against an average occupancy of 60%. This calculation is based on their observation that starred hotels in Bali are averaging occupancies of around 70%.

Rudolf said he is confident that the Condotel project will achieve occupancies in excess of 70% based on the continuing growth in foreign tourist arrivals to Bali. He predicted the project, which has already commenced construction, will be in operation by 2011. Moreover, he said that with the improving real estate market in Indonesia, he was confident that all the units offered to outside investors would be sold within 6 month's time.

He told the press that the property investment in the project remains a relative bargain in comparison to the cost of an apartment in Singapore. Units at the New Bali Kuta Condotel not facing directly on the golf course would be sold for Rp. 1.15 billion (US$115,000) per unit, while units with views would be sold for between Rp. 1.2 billion – Rp. 1.3 billion (US$120,000 – 130,000).

Related Article

[Bali's Last Major Resort].


© 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
Making Bali Arrivals Easier
Bali Eliminates Arrival-Departure Cards at Immigration Check Points.
(3/27/2015)
Rao Reign at Two Resorts
Uday Rao Promoted to Manager Two Four Seasons Resorts in Bali
(3/27/2015)
Ubud, Bali Among the World’s Best
Trip Advisors List Ubud, Bali Among the World’s Top 25 Tourism Destination
(3/27/2015)
Travel Accessible to All
Agoda.com Performs Worldwide Review of Accessibility for Handicapped Travelers.
(3/27/2015)
‘Till Middle Kingdom Come
AirAsia Indonesia Eyes Direct Flights from Medan and Bali to Mainland China
(3/28/2015)
The Language Barrier
Indonesia Backtracking on Plans to Require Foreign Workers Speak Indonesian
(3/28/2015)
Sinitic Solutions to Semantical Problems
Tourism Minister Wants to Allow Chinese Tour Guides to Work in Bali
(3/28/2015)
How to Curry the Indonesian Travel Market
Indian Tourism to Bali Held Back by Lack of Direct Flights
(3/28/2015)
Workers with Warranties
Bali Governor Support Competence Certification for Tourism Workers in Indonesia
(3/28/2015)
When it Isn’t Reciprocal
Clause in Immigration Law May Delay Plans to Add 30 Countries to List of Visa-Free Countries to Indonesia
(3/28/2015)
Bali Still in Fashion
Bali by the Numbers: No Sign of an Australian Boycott as Bali’s Arrival Figures for February Increase 21%
(3/22/2015)
Nyepi Takes a Toll on Tolls
Bali Toll Road Estimated to Have Cost US$24,000 in Toll Fees Due to Nyepi Closure
(3/22/2015)
All [News]!