Close
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: Hotel Units on Sale for Bali's Pecatu Condotel
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
We Get Mail!
Review on the Sad State of Bali’s Newly Renovated Airport Causes Many Bali Update Readers to Write
(4/20/2014)
We Get Mail!
Following Bali Update’s Editorial on Channel Seven Australia's Unfair Treatment of Bali, We Get a Record Number of Readers Emails
(4/20/2014)
Saving Bali’s Starlings
Four More Bali Starlings Released to the Wilds at Sibang Breeding and Release Site
(4/20/2014)
The Fast Check Out Line is Not Working
Tiara Grocer Ignores Supreme Court Order and Continues to Operate Jalan Cokroaminoto Outlet
(4/20/2014)
Bali Property Market in Decline?
Downturn in Bali Property Business May be Short Term and Cyclical
(4/20/2014)
Paying for the Right to Work
Bali's Capital of Denpasar Gets a Windfall from $100 Per Month Foreign Worker Tax
(4/20/2014)
Providing Gifted Students a Free Education
Bali Allocates US$1.74 Million for a Trade School for Underprivileged Students
(4/20/2014)
Evil Disposition
Foreigners Working Illegally in Bali’s Tourism Sector as Guides, Drivers, Dive Guides and Surfing Instructors
(4/20/2014)
Bali and Beyond Travel Fair 2014
350 Buyers Expected at Bali & Beyond Travel Fair to be held in Bali June 10-14. 2014
(4/20/2014)
Dogged till the End
Bali Quarantine Officials Euthanize 31 Dogs Seized from Animal Smugglers
(4/20/2014)
Hastie Rise to the Top
Hard Rock Hotel Bali Andrew Hastie – Executive Assistant Manager Food & Beverage
(4/20/2014)
The Wines of Medoc in Bali in May
Château Montrose Wine Dinner at Mulia Soleil Restaurant on Tuesday, May 6, 2014
(4/20/2014)
All [News]!
 
Tourism and Transport Tourism Agents