New seniors gated community in Bali
IN a first for Bali, a high-powered group of developers is building a gated estate aimed at the over 55s.
Former Virgin Entertainment executive Ian Duffell has joined forces with Bali-based Australian property developer Saxon Looker's Sentosa Worldwide Resorts group and Indonesian property company PT Mandiri Aditama Perkasa to develop a 6.5ha site at Umulas near Bali's famous Canggu Club, just past trendy Seminyak.
All up, 140 luxury houses will be developed at the Sentosa Residence Umulas complex with fully furnished one-bedroom villas priced from $US199,000 ($288,000), while opulent three-bedroom riverfront villas, replete with private swimming pools, are priced from $US699,000. Two-bedroom premium villas on 282sq m sites are on sale for $US395,000.
The villas are being sold with 30-year lease backs, plus 10-year plus 10-year lease options. Basic maintenance services, including a handyman, pool cleaning and garden services, will cost $US100 a week, but for $US200 a week villa owners score a twice-daily villa clean as well as an on-call maid for services such as shopping. For an extra $US75 a week a full-time housemaid or butler service is on offer.
"We saw there was an opportunity," Duffell told Weekend A Plus in an exclusive interview.
"More and more people are moving to Bali because they can't afford to live in Australia, they don't see their funds stretching in Australia."
This is an old thread from Bali News forum.
Anyone have any idea how this development is going? It seemed a great idea and something that appealed to me as a retirement option.
The web site for Sentosa Residences has been taken down and replaced with Dharma Residences, is Sentosa no longer involved? and does anyone have any idea if construction is proceeding? I live in Australia so its a bit tricky to wander down to Umalas to see whats going on.
I would be grateful for any info.
IN a first for Bali, a high-powered group of developers is building a gated estate aimed at the over 55s.
Former Virgin Entertainment executive Ian Duffell has joined forces with Bali-based Australian property developer Saxon Looker's Sentosa Worldwide Resorts group and Indonesian property company PT Mandiri Aditama Perkasa to develop a 6.5ha site at Umulas near Bali's famous Canggu Club, just past trendy Seminyak.
All up, 140 luxury houses will be developed at the Sentosa Residence Umulas complex with fully furnished one-bedroom villas priced from $US199,000 ($288,000), while opulent three-bedroom riverfront villas, replete with private swimming pools, are priced from $US699,000. Two-bedroom premium villas on 282sq m sites are on sale for $US395,000.
The villas are being sold with 30-year lease backs, plus 10-year plus 10-year lease options. Basic maintenance services, including a handyman, pool cleaning and garden services, will cost $US100 a week, but for $US200 a week villa owners score a twice-daily villa clean as well as an on-call maid for services such as shopping. For an extra $US75 a week a full-time housemaid or butler service is on offer.
"We saw there was an opportunity," Duffell told Weekend A Plus in an exclusive interview.
"More and more people are moving to Bali because they can't afford to live in Australia, they don't see their funds stretching in Australia."
This is an old thread from Bali News forum.
Anyone have any idea how this development is going? It seemed a great idea and something that appealed to me as a retirement option.
The web site for Sentosa Residences has been taken down and replaced with Dharma Residences, is Sentosa no longer involved? and does anyone have any idea if construction is proceeding? I live in Australia so its a bit tricky to wander down to Umalas to see whats going on.
I would be grateful for any info.