Happy Xmas to everybody,
I just found a property for sale called the Impian Estate located near the center of the Bukit pensinsula in South Bali.
The website claims that:
"Ownership of the Bali Impian Estate Villas is based on a "Hak Milik" title (freehold, equivalent to ownership in perpetuity) instead of a lease contract which expires after 20 or 30 years. "
and
"This means the capital value of your investment is likely to increase year by year – instead of decreasing gradually down to zero as with a leasehold property. Land prices here on the Bukit have increased over 30% per annum over the past years."
Can you comment on the first statement regarding the Hak Milik? Is it really freehold? What are the risks of "depossession" for a non Balinese purchaser?
Regarding the second statement, I just posted it because I found it misleading but please comment.
Leaving tomorrow for Bali with the family, will be there on the 28th for 3 weeks, Im' happy as a hippo!!!
Merry Xmas again
I just found a property for sale called the Impian Estate located near the center of the Bukit pensinsula in South Bali.
The website claims that:
"Ownership of the Bali Impian Estate Villas is based on a "Hak Milik" title (freehold, equivalent to ownership in perpetuity) instead of a lease contract which expires after 20 or 30 years. "
and
"This means the capital value of your investment is likely to increase year by year – instead of decreasing gradually down to zero as with a leasehold property. Land prices here on the Bukit have increased over 30% per annum over the past years."
Can you comment on the first statement regarding the Hak Milik? Is it really freehold? What are the risks of "depossession" for a non Balinese purchaser?
Regarding the second statement, I just posted it because I found it misleading but please comment.
Leaving tomorrow for Bali with the family, will be there on the 28th for 3 weeks, Im' happy as a hippo!!!
Merry Xmas again