In Indonesia, land ownership is categorized into two forms.
The first form is leasehold, which grants long-term leasing rights similar to the practice in Thailand. Foreign individuals are not allowed to own land directly but can enter into lease agreements with Indonesian citizens. The duration of the lease is not standardized and depends on negotiations between the developer and the landowner.

The second form of ownership is freehold. Foreigners have the opportunity to establish a company in Bali, become the sole owner, and register the land under the company's name. However, this option is only applicable for the purchase of standalone villas.

Regarding apartments, regardless of whether they are owned by Indonesian citizens or foreigners, the ownership rights always remain leasehold.
Leasehold is considered a more advantageous investment option due to its lower investment threshold, which consequently offers higher returns on investment.
For the Area 1 project, the leasehold agreement is set for 25 years, with a priority right for extension for an additional 15 years.

The additional expenses for a long-term lease total 11%, which includes value-added tax (10%) and notary services (1%).

In Indonesia, there is also a personal income tax. The official rate is 20% of the net income. However, "Area's 1 management company" will ba able to optimize this rate to a more advantageous 10%. Investors can be at ease since the management company acts as their tax agent, taking care of the tax payment and transferring the income to them, net of tax.

In our financial model for investors, we offer comprehensive prices that encompass all additional costs.

A local licensed notary provides assurance and security for the transaction. They thoroughly examine the developer's credentials, including property rights, document registration, property history, legal disputes, and any land or construction restrictions. Notary services typically incur a fee of 1% of the total transaction amount.

Area 1 is nestled in the calm neighborhood of Umalas, offering a comfortable living experience. Despite its tranquility, it's only a 5-minute bike ride away from the bustling areas of Canggu and Seminyak, known for their top-notch restaurants, cafes, and clubs. The nearest beach is only 10 minutes away.

Yes, we do offer a rental management service for those interested in renting out their apartments. Our management company handles all the responsibilities and challenges of managing residents and maintaining the residence. The management company charges a commission of 30%.

Here are some of the services covered by the management company:

– Marketing and promoting the complex, including online advertisements
– Collecting rent payments and providing receipts
– Monthly financial reporting
– Reception, accommodation, and communication with tenants
– Ensuring property safety and security
– Managing material supply and accounting
– Overhead expenses related to the management team staff

Additionally, there are apartment maintenance costs, also covered by the management company, including:

– Daily apartment cleaning
– Bed linen and towel changes
– Internet payment
– Utility bills (electricity, water)
– Allocation to an amortization fund for interiors and furniture

Our team of engineers is also available for any repairs, plumbing issues, cosmetic renovations, or other equipment-related needs that may arise.

The complex maintenance operational costs cover various aspects to ensure the smooth functioning and maintenance of the residence. These costs, covered by our management company, contribute to the proper upkeep, functionality, and aesthetic appeal of the shared spaces and facilities within the complex. Here are some of the specific areas where the funds are allocated:

– Amortization fund (common areas)
– Maintenance of common areas
– Complex personnel
– Annual land tax
– Contributions to banjars (local authorities)
– Garbage collection and disposal 24-hour security
– Pool maintenance
– Elevator maintenance
– Utility payments of common areas
– Greenery maintenance

The management company charges a commission of 30%.

Our construction site is always open to our Clients. We welcome the opportunity to arrange meetings and provide comprehensive progress reports on our project at any stage of construction. We value transparency and open communication, ensuring that our clients are well-informed about the development and can witness the progress firsthand.

Absolutely. We have successfully conducted several remote transactions already. Recognizing that not all investors can personally be present in Bali, we have established a convenient and transparent process for completing deals. We provide our clients with all the necessary contractual and project documentation for their review and approval. Once the agreement is finalized, we proceed with notarizing the transaction and arranging for the advance payment.

Yes, currently the project is at pre-sale stage and that is why the price is more attractive for potential investors. The presale stage price is about 70% less than project completion price.

Our project benefits from a skilled team of marketers and PR managers who have successfully generated media attention. Our objective is to position ourselves among the leading projects in Bali and gain extensive PR coverage. Rather than simply providing housing, we offer a distinctive lifestyle experience. Our focus is on creating a unique atmosphere that entices residents and visitors to spend time in our complexes. We have specifically designated spaces for hosting business events, as well as meeting areas and coworking spaces that cater to individuals seeking a productive work environment accompanied by exceptional service, delectable cuisine, and superb coffee.

Furthermore, we offer investors a guarantee of a minimum annual income of 10% in US dollars, as outlined in a five-year contract. In the event that our team fails to meet the projected results, we are committed to reducing our management company's commission. This serves as an incentive for us to remain motivated and strive for optimal outcomes in collaboration with our partners.