Bali has been garnering a strong traction as an overseas investment hotspot, especially within the tourism sector. It is still considered a relatively new market, but there have been garnering strong traction over the past few years that attracted many investors. Here is a testimonial from one of our investors, Mr Jeremiah*, who visits Bali often for holidays with his wife and daughter. His family makes it a point to visit the island twice a year, and for a week each time. On average, he spends US$250 to US$750 for a 5-star accommodation per night in Bali. He decided to invest in a unit in Citadines Berawa Beach Bali, and here is what he has to share.
1. Why Canggu?
We love just about everything in Canggu, ever since we visited here 7 years ago. From the country where we are from, it’s a luxury to be able to enjoy the beautiful tropical weather. My wife and I always joke that we should migrate here since we love it so much.
I also noticed over the past few years that Canggu is gaining a strong traction from international travellers – the beaches are getting more crowded when we surf, it is getting increasingly harder to find good accommodation during peak seasons. One top tip I always share with my friends is to book your accommodations a few months in advance to guarantee you get the best prices at the best locations.
Basically, one can travel very comfortably and move about quite freely on this island. The accommodation and food are also relatively affordable. The hospitality is immaculate every single time we travel here, and we made so many long-time friends from our multiple trips here. In a nutshell, it feels like a second home to us.
2. As compared to the other investment options in Canggu, why did you choose Citadines Berawa Beach Bali?
I was able to check out the showroom with my wife from one of our trips and we loved everything Citadines Berawa Beach Bali had to offer. We thought; since we travel to Canggu so often, we might as well invest our money in an apart’hotel where we can enjoy up to 30-nights** free stay whenever we visit. Furthermore, it is managed by a reputable hospitality brand operating on a global scale, and at the same time I can earn passive income. I thought I could kill three birds with one stone, so why not!
Initially, my wife and I had the intention to invest in a Villa, but after considering the hassle of sourcing for a reliable property management company and risk of be subjected to tourism performance during non-peak seasons, I find it more worthwhile to settle on Citadines. Its returns would be based on the performance of the whole apart’hotel, including its F&B, which I thought was a great concept. Additionally, the units are fully furnished. I just absolutely loved how hassle-free this option was compared to others.
3. You must be excited about the completion of Citadines Berawa Beach Bali, when are you planning your next trip?
Well, the grand opening of Citadines is targeted to commence Q1 in 2021, and I am definitely stoked to bring my family to experience our favorite neighborhood in a new light. Every time we visit, we are always finding something new, be it a new café, or a new boutique or a new beach club, so I’m quite excited to see what new experiences await us. I’m especially glad that Finn’s is so near to our location as well, so that’s that.
Citadines Berawa Beach Bali combines the best of Bali from its tourism and commercial aspects. Not only is it internationally managed and well-positioned to capture the rise in foreign tourist numbers, it is also located in Canggu, which has been earmarked as the up-and-coming “It-Place” for both tourists and digital nomads. One of the notable benefits of investing in this property is the strength of the lodging owner-operator. Confidence can be placed in the professional management of the property, with strong marketing fundamentals, operational efficiency, long term asset quality maintenance, and a target to maximize profits. To top it off, this hassle-free investment strategy, which includes fully furnished apart’hotels and completely managed by one of the most reputable international lodging-owner operators, the developer offers 50%** inhouse financing for interested investors.
This property is available for investment with assured rental returns guaranteed by the developer, Genesis Indojaya – 5%** net return per year for the first 7 years. The developer is also offering investors up to 30 free nights** at the property every year. Considering the affordable quantum and ability to obtain in-house financing, it is no surprise why this investment property is attracting strong interest from regional investors.
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Disclaimer: Knight Frank Pte Ltd 10 Collyer Quay #08-01 Ocean Financial Centre Singapore 049315. Estate Agents Licence No. L3005536J. All forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone. This is an overseas investment. As overseas investments carry additional financial, regulatory and legal risks, investors are advised to do the necessary checks and research on the investment beforehand. Info is accurate as at 21 June 2019 & prices are indicative/”while stock last basis”. Images are computer generated as per artist’s impression. *Rental guarantee is provided by the developer (PT. GIJ Property Indo) and it will be stated and formed as part of the sales and purchase agreement. PT. Ascott International Management Indonesia as the management of the Serviced Residence will not be responsible for any rental guarantee. *Investor’s name has been changed to protect his privacy and interests. **Terms & conditions apply. Construction License Number: 258/IMB/DPMTSP/2019