Tag: Bali

Buying Property in Bali: The Ultimate Guide

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Suggestion: Watch the 5 minutes video tutorial before reading this article

Bali is one of the most popular resort destinations in the world and is famous for its unique culture and beaches. People from all over the world decide to invest in real estate, or even settle here full-time.

Saying that the Bali property market has performed well in the past decade is an understatement, something we will review later in this article.

However, Indonesia is also notorious for having some of the most unfavorable foreign property ownership regulations in Asia. Before you invest in Bali real estate, you must get your feet wet, learn about local regulations, and work with credible partners.

In this article, we cover the basics when property in Bali.

Topics covered:

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Top Conveyancing Lawyers in Indonesia: A Complete Guide

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Indonesia is the most populous country in Southeast Asia and predicted to become an economic powerhouse, once the government manages to change the current foreign ownership regulations.

Indonesia is not as transparent and easy to navigate in comparison with countries like Malaysia and Singapore, one of the first things you should do is to find a reputable conveyancing lawyer, who can minimize the risk for problems later.

In this article, I list some of the biggest and most popular real estate conveyancers in Indonesia.

1. HHP Law firm

HHP Law Firm was founded in 1989 and is recognized as one of the leading full-service law firms in Indonesia. Also known as Hadiputranto, Hadinoto & Partners, HHP now works with some of the biggest Indonesian and international businesses and is a member of Baker McKenzie International.

The current managing founder is Timur Sukirno, who leads the team of more than 100 lawyers who work in their Jakarta office. He has a long experience in real estate, has earned degrees in both Boston and Indonesia, and previously worked in Hong Kong. HHP also has several lawyers from North America and Europe, working as foreign legal consultants.

Awards won by the company in the last few years that include:

a. Indonesia Domestic Law Firm of the Year by the Chambers Asia Pacific Awards 2017

b. They were named as the Indonesian Law Firm of the Year for the year 2014 and 2016 by the ALB Indonesia Law Awards

c. In addition, they’re ranked as the tier 1 real estate law firm by the Legal 500, Chambers Asia Pacific, and IFLR 1000

Services offered

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Foreign Buyer’s Guide for Bali Villas: By David Chambat

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david-chambat

Bali is one of the most sought after locations when Asians and expats look for a place to reload their batteries. Some (or should I say many) people take it a bit further and actually buy a property here.

Vacant land prices have grown with rates that hasn’t been seen elsewhere and luxury property prices increased by 15% from year-to-year. A common option is also to rent a villa as foreign ownership regulations aren’t the most favorable in the region.

Today, I have David Chambat with me who founded Villa-Bali in 2012. Currently living in Singapore, he realized that booking a Bali villa was still a challenging thing to do. The company has dozens of employees and offers neat services to foreigners who wish to rent some of the best villas on the island.

In this interview, he’s sharing some of his best advice when buying and/or renting a villa here.

Hello David, thanks for having you. Let’s start with an introduction so that our readers can know a little bit more about yourself and your company. Where are you currently operating and what services does your company offer?

We started Villa-Finder.com from Singapore in 2012 to offer the best experience when booking and staying in a villa in Asia. Our motto at that time was “It has never been easier to book a villa in Asia”.

In a very fragmented Asian villa market, diverse in terms of style and quality, we are able to not only offer a guaranteed, secured booking service, but also a great Concierge service in our Asian destinations.

Since 2016, we have also started a distribution platform to help villa owners distribute and market their villas worldwide.

Currently, we market over 1,500 villas in Bali, Phuket, Samui, Sri Lanka and Mauritius.

Can you explain about the general regulations that apply when foreigners lease or buy a villa in Bali?

There are 2 types of systems in Bali: Freehold and Leasehold.

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Top Real Estate Agencies in Bali: The Ultimate Guide

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Bali is one of the most visited resort islands in the world, even if Indonesian property regulations aren’t the most favorable to foreigners, many investors decide to buy properties here.

Despite its size, you can find a number of real estate agents in Bali, owned by locals and foreigners, but you rarely find summarized information about the agents.

Therefore, I decided to write this article where I list some of the biggest and most popular real estate agencies in Bali.

Let’s have a look.

1. Ray White

Ray White is a leader in the Indonesian housing market. Founded in 1902 in Queensland, Australia, Ray White has expanded worldwide over the years.

However, the group still remains family-owned and has passed on its leadership to the third-generation leaders: Brian White and Paul White.

Brian White joined the company in 1962 after completing an economics degree at Queensland University and took over as the managing director in 1976.

Prior to joining the family business, his brother, Paul White worked in rural Queensland running cattle and grain property. He is now responsible for Ray White Rural for rural properties. The fourth-generation leaders also serve on the board of directors.

In 2004, the Bali office opened in Kuta and now has 20 staff. They cooperate with several developers to market their properties, such as The Rich Prada, TAUM Aston Seminyak, Legian Nirwana, New Kuta Condotel, and others.

In 2015, Ray White Kuta won the Favorite Bali Property Agency award from Rumah123.com.

Property types

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