Frequently Ask Question
Can I schedule a time to visit the site and meet the development team?
Absolutely, we encourage potential buyers to visit the site and meet our team in person. Please contact us to schedule a time that works best for you. During your visit, you’ll be able to explore the site, learn more about the project, and have in-depth discussions with the development team as well as the architects, banks, and notaries. We will ensure your visit is personalized and informative, addressing any questions or requests you may have.
We can assist with booking your accommodation and recommend partner hotels for your convenience.
In our meetings, we will discuss the current market, return on investment, and synchronize our visions. Once you’ve made your selection, we’ll assist you in setting up a local bank account, allowing us to continue working together remotely from that point onward.
What documents do I need to reserve a villa or condo?
If you’re purchasing one of our freehold properties, our legal partners will assist in setting up your foreign-owned company, where you will allocate yourself 100% of the shares and ownership. Foreign ownership of an Indonesian company can be held by any entity, whether that’s an individual or a foreign corporation. A valid passport is required for signing documents with the notary.
For leasehold properties, setting up a foreign company is not necessary. If you’re not on-site and wish to reserve a specific villa, condo, or land, we can assist in making the arrangements remotely.
Do I need a specific visa to own property in Bali?
Yes, and we can assist in helping you obtain a long term visa, also known in Indonesia as a KITAS.
A KITAS for property ownership in Indonesia costs $1,500 and is valid for one year. Renewal of a KITAS is a straightforward process, often extended for two years at a time at a cost of around $1,000. Our team will assist you with both the initial application and any future renewals, ensuring the process remains smooth and stress-free.
Is there a warranty on the villas or condos?
Yes, we offer a 3-year warranty on our condos and villas against major structural defects.
For home insurance, we can direct you to partners like Zurich Insurance, which provides coverage for theft, fire, earthquakes, floods, volcano-related incidents, and other natural events.
Can I obtain financing to buy a villa in Bali?
It’s possible for foreigners to secure financing from Indonesian banks, but your PTMA company must have been operational for a minimum of three years.
For borrowing in your home country, the process depends on your credit history and local regulations, which are beyond our control.
Are there taxes on the resale of the property?
Yes, a 10% tax is levied on the declared amount when you sell real estate in Indonesia.
What is the purchase procedure?
When a buyer wishes to secure a condo or villa, a $20,000 deposit is required to take the property off the market. From that point, the buyer has 30 days to complete due diligence. If the condo or villa is complete and ready for handover, the remaining balance is due in full.
For off-plan purchases, payments are made in stages aligned with key construction milestones—typically 20% at each stage. Most buyers choose to sign contracts in person in Bali; however, we can also accommodate remote arrangements. You may grant power of attorney to a trusted representative or to us to complete the purchase on your behalf, ensuring a smooth and secure process.
Is there a withdrawal period?
Yes, your deposit will be held in escrow until legal due diligence is completed. If any issues arise and you’re not fully satisfied, your funds will be returned.
Do I need to open a bank account in Indonesia?
It is highly recommended to open a local bank account in Indonesia, which needs to be done in person. Having a local account allows you to manage property-related expenses more efficiently, avoid unnecessary international fees, and ensure smooth transactions for ongoing costs such as utilities and taxes.
Our legal team can assist you in setting up an account with the bank of your choice, guiding you through the process to ensure everything is in place before or after your property purchase. This step will also help streamline any future financial dealings related to your investment.
Can you help with reselling the property if needed?
Yes, we work with top real estate agencies and networks to assist in reselling your property when needed. Our team will handle marketing, buyer negotiations, and ensure a smooth transaction process.
What are the notary fees?
Notary fees for rental or purchase agreements are approximately 1.5% of the transaction value.
What costs should I expect after the purchase?
Our professional management team handles most aspects for you, included in our in-house management fee. Additional costs include:
Annual property tax on income generated (10%)
Optional property insurance
Utility expenses (water, electricity, internet)
Rental Management Faqs
How will my condo or villa be marketed for rental?
What services are included in the property management fee?
Our property management service typically covers the following:
Guest screening and booking management
Cleaning and maintenance coordination
Handling guest check-ins and check-outs
Monthly financial reporting
- 24/7 guest support
How is pricing determined for my rental property?
How do you handle guest screening and reservations?
How are damages or repairs handled?
How often will I receive rental income payments?
Are there any additional fees apart from the management fee?
Yes, there are certain additional fees that may apply, such as:
Maintenance and repair costs
Marketing fees for premium listing options
Certain utilities such as energy and water. These fees will be clearly outlined and itemized in the monthly financial statements.
What is the occupancy rate for properties in Bali?
Occupancy rates can vary depending on the location and season. In popular areas like Uluwatu, Bingin Beach, and Dreamland, occupancy rates typically range between 80-84% during peak seasons. We adjust rental rates dynamically to maintain competitive occupancy throughout the year
Can I use my condo or villa when I want?
Absolutely! As the owner, you have full control over when you’d like to use your property. Simply block off the dates in our booking system, and we’ll ensure it’s not rented during your preferred time.
Do I need a special permit or zoning to rent out my property?
Yes, it is important to have the proper zoning for your property. Our development is located in a tourist (pink) zone, which legally allows for short-term rentals, Airbnb listings, and commercial use. We’ll ensure all necessary permits are in place to operate your property as a rental.
