Here, we would like to introduce Citadines Berawa Beach Bali – an Award Winning 4-star Serviced Residence, which you definitely need to look at as your investment choice!
Located within 3 minutes walk from the beautiful Berawa Beach is the multi-award winning serviced residence and hotel developed by Genesis Indojaya and Stellar Partners, Citadines Berawa Beach Bali that is located within a 5 minutes’ drive from over a hundred quality entertainment, shopping and food & beverage establishments. The smooth traffic in the Canggu area also permits easy access to and from the numerous tourist attractions and places of interest in the other regions of Bali, including Seminyak.
Canggu has been named the cooler, younger cousin of Seminyak and is fast seen as the new place to be. With its Instagram friendly walls, lifestyle restaurants and cafes, this area is now packed with Oberoi-famous boutiques, luxury villas, retail shops, cafés, restaurants and beach clubs, on every little street. Venture up north from Seminyak, and you will find the Top Restaurants in Bali such as the famed Finns Beach Club (previously at Uluwatu), or sunsets at The Lawn or the new Salumeria at Canggu’s newest “Eat” Street.
Professionally managed by The Ascott Limited under the Citadines brand, this 80-year leasehold apart-hotel, a project by Genesis Indojaya and Stellar Partners, holds 226 rooms, including Studio Suites, One – Bedroom Apartments, Two – Bedroom Apartments and an iconic Presidential Villa with assured rental returns – of 5% per annum (p.a.) in the first 7 years. One of the notable benefits of investing in “Apart-hotels”, and one that is managed by The Ascott Limited no less, means that your investment property will be professionally managed by them and the condition and value of your home will be well preserved.
An award winning international 4 Star Serviced Residence developed by Genesis Indojaya
10 years management lease under Citadines branding – The Ascott Croup, member of Capitaland
Guaranteed Rental Returns of 5% per annum for 7 years by Developer
Yearly entitlement to 30 free stay points (up to 30 nights stay during off-peak season)
Affordable Investment quantum starting from SGD$195,000
Est completion in Nov 2020.
Deferred payment scheme and in-house financing available
Upfront capital outlay as low as 30%
Choice units of studio, 1 bedroom, 2 bedroom
Foreigner Eligible, with No ABSD
This prestigious “Apart-hotel” managed by The Ascott Limited is eligible for all Foreign Investors. Singaporean buyers will look to benefit greatly as they are eligible to invest without the risk of Additional Buyer’s Stamp Duty (ABSD). For Singaporean Investors subject to Minimum Occupation Period (“MOP”) for their public HDB flat, Citadines Berawa Beach Bali developed by Genesis Indojaya and Stellar Partners is recognized as a commercial property rather than a residential property, carving it out from HDB policies against investing in a private property during MOP period.
When combined with the “Apart-Hotel’s” Assured Rental Returns of 5% p.a for 7 years and the low downpayment of just 30% with the remaining based on construction progress, it is no surprise why this investment property is attracting strong interest from the investor community.
Bali, the real magnet for tourists and investors
Over 16 million visitors to Bali in 2018. This is just 2.5 million lower than global city Singapore’s international visitor arrivals of 18.5 million in 2018. Of those 16 million visitors to Bali, 6 million were international travellers. Bali is now targeting 8 million international visitors in 2019 and this could be attributed to Bali being ranked as the top holiday destination in the World by TripAdvisor in 2017 beating other hotspots such as London, Paris, Rome and New York. Bali has also consistently been ranked in the Top 10 for Honeymoon Destinations, Overseas Destinations and Luxury Travel Destinations by the Global Destination Marketing Summit and World Culture and Tourism Forum.
With over USD$600 million Foreign Direct Investment in Bali in 2017 alone, Global Property Guide and analysts have estimated that prices of luxury real estate have jumped more than 10 times in the past several years, in an unprecedented property price growth that is fuelled by both foreign and local Indonesian investors. “Some strategic areas, especially those on the edges of Bali where tourism development was in those days, areas like Seminyak for example, saw prices go through the roof. As much as 10 times in a short space of time,” as quoted in a South China Morning Post article.
With Canggu on the rise, combined with its beachfront and surf-break views, analysts and real estate specialists in Indonesia are naming areas like Canggu, north of Bali as the most promising locations for property investments.
Checkout out the website for more info with layout and floor plan – Citadines Berawa Beach Bali developed by Genesis Indojaya and Stellar Partners
We’re having the soft launch in Singapore on 6th & 7th April 2019. RSVP Below for the launch event of this “Apart-hotel” in Canggu, Bali.
Bali is one of the most visited resort islands in the world and attracts tons of visitors from worldwide.
Foreigners can’t own freehold property, but some still decide to indirectly own freehold property through local contractual setups. You should keep in mind that you won’t be protected if you decide to go for this option.
Prices have increased much the past 10-15 years, especially in the luxury segment and for vacant land. Due to hefty increases, the prices have stagnated.
Some of the most popular areas to buy property in Bali include: Canggu, Kuta and Seminyak, all offering different lifestyles.
If you want to know more about buying property in Bali, please get in touch with us at +65.84188689
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