SHoggard
[b]true[/b]Yup, quite true.... assuming they have assets surplus to requirement.Let's assume you're in the UK or USA, the mortgage is paid off & you are sitting on a mid-size stack of cash & property prices around you are tumbling & have lost 25% since 2008 & companies are retrenching staff.Where do you put that cash?[LIST][*]Do you venture into Bali?[*]Or do you buy up a couple of apartments or a semi-detached close to where you live, and you are permitted to own land outright with no nominees?[/LIST]Similarly, if you're in reasonably stable France and the neighboring countries are being a bit wobbly, and in the good times you bought a bit of dirt in Bali that's just lying fallow, wouldn't you now be considering cashing-in & repatriating some of it - you'd be looking at cheap dirt in Italy or Greece, where again you're allowed to own outright.True Fitch & the other rating agencies raised Indonesia's rating - that's high finance & financial plays in the $$billions good for Indonesia, but doesn't really mean much to the guy who is sitting on just $150 or $300k Note: I'm [B]NOT[/B] talking about the guy sitting on just $150 or $300k & wants to live in Bali (or Thailand or Malaysia, which are also good retirement destinations & your savings or pension income goes further than in the West).I'm talking about the small scale investors buying up land in the South & leaving it vacant for a few years so they can sell to the next Bule who comes along.
Fred2
Surely Bali must run out of dumb bule's paying 10x the price for land?Is Indonesia a safe place to invest??????If you were looking for a better retirement, I think Malaysia gives a 10 year visa & tax benefits.
sakumabali
Surely Bali must run out of dumb bule's paying 10x the price for land?[/QUOTE]Definitely not only Bules who pay 1.5 M / Are in Jalan Petitenget and 2 M / Are recently in Jalan Dhyana Pura etc many of them are Indonesian, people from Singapore (question here: who's a Bule and who's not?), somebody mentioned it before, almost all of the property here in bali has been paid cash it's not like in Spain, US etc. Crisis? Don't think so....People from Jakarta love to invest here in Bali, laundering their money as some can't put it on their bank accounts, so far the prices keep going up :icon_rolleyes:
sherm
Definitely not only Bules who pay 1.5 M / Are in Jalan Petitenget and 2 M / Are recently in Jalan Dhyana Pura etc many of them are Indonesian, people from Singapore (question here: who's a Bule and who's not?), somebody mentioned it before, almost all of the property here in bali has been paid cash it's not like in Spain, US etc. Crisis? Don't think so....People from Jakarta love to invest here in Bali, laundering their money as some can't put it on their bank accounts, so far the prices keep going up :icon_rolleyes:[/QUOTE] When you wrote 1.5M Are is that equal to 1.5Jt Are? I can't imagine land that cheap still available unless when buying by the multi-hectare.
BKT
1.5M = 1.5 Billion IDR
sherm
1.5M = 1.5 Billion IDR[/QUOTE]Well that's logical... M = Billion :highly_amused:So you know why I asked!
matsaleh
Well that's logical... M = Billion :highly_amused:So you know why I asked![/QUOTE]The word for billion in Indonesian is "miliar" (alternative spelling "milyar"), hence "M"
Fred2
Definitely not only Bules who pay 1.5 M / Are in Jalan Petitenget and 2 M / Are recently in Jalan Dhyana Pura etc many of them are Indonesian, people from Singapore (question here: who's a Bule and who's not?), somebody mentioned it before, almost all of the property here in bali has been paid cash it's not like in Spain, US etc. Crisis? Don't think so....People from Jakarta love to invest here in Bali, laundering their money as some can't put it on their bank accounts, so far the prices keep going up :icon_rolleyes:[/QUOTE]The people from Singapore would be ex Indonesia citizens, I rent a roko from a Singapore citizen, there son is the only one that remains a Indonesian citizen. Most Indonesian citizen with money would not put it in to a bank. They would buy land & buildings & rent them, safer then money in the bank. They can hold the titles, surly you are not telling me that a smart investor from Singapore would buy land & not hold the title??The people from Jakarta are investing lots of cash in Bali, Because the western tourist pay 10x more for products, then they can sell to there own Indonesian people. Just think about it you can buy a small block of land build 2 shops 5x5mtrs & rent each each for 300jt a year. people will then fill it with cheap stuff from java & sell it for 500% mark up, if the Aussie tourist stop coming to Bali then the price of land & rent will drop, Bali lives on tourist.If you were a smart investor would you buy land that you cannot hold the title to????
sakumabali
If you were a smart investor would you buy land that you cannot hold the title to????[/QUOTE]Depends on the business concept but yes I would, hak pakai / Hak guna bangunan title - lease land in your name, build on it, rent it.It's just not smart to lease land, build a villa on it and live there YOURSELF (and the property loses value every year)...
hinakos
Theres no such thing as a super bubble that cant burst.Bali is 100% dependant on tourism (and cheap flights) and cheap labour for the very few industries that do operate either.A big part of the cheap labour is the cheap cost of living, supported by the fule subsisy for which the govt presently foots the bill.The fule subsidy is going (very near future), so are the cheap wages(not so very near future, but it is slowly happening).I have land here in Bali too, but dont see the point in having it spiral upwards ever increasingly. Not sustinable and only a very few get out before its too late.
balibule
I had land that I bought as investment. The value was increasing very slow so I sold it and am now doing property (land + house) on a local level. This moves much faster than property (Villas) for expats and there is definitely no shortage of locals over here.
RhysG
we baought land in batu belig for 90 mill an are 5 years ago now it 1.2 M an are . 3 years ago buwit was 20 mil an are and now is 6 mill an are.
balibule
I have a friend who bought land near Gianyar Lebih before there was any mentioning of the new bypass to Kusambe. He knew about the Bypass from an insider. The value of his land has gone up tenfold in a matter of years.It is possible to make good money of course if you buy cheap and sell expensive (duh). The trick is to know which area will be the new Petitenget for example.
RhysG
I It is possible to make good money of course if you buy cheap and sell expensive (duh). The trick is to know which area will be the new Petitenget for example.[/QUOTE] i put my money on batu belig
sakumabali
i put my money on batu belig[/QUOTE]Lucky you :icon_biggrin:!!!
TomYum
All seems relative ? The US $ low now people say... but all the same really.. earning Rupiah, that makes it cheaper to save in $.
ratnadewi
yes, home rent price is getting higher every year. its just because bali get more and more famous.when demand get higher, than the price will follow.and inflation rate is keep increasing, money value getting lower.i think its not only happen in Bali, every place in this world will have this condition too.
emilylipp
Bali - very much a two-speed economy!
sherm
My Bintang delivery went up from 260k to 280k... harrumph.
Smoke
My Bintang delivery went up from 260k to 280k... harrumph.[/QUOTE]That maybe due to the recent fuel increase also.I still pay 249,000 for a case in local market(with returning empties) right here in lovely sanur
