Business

The post-COVID-19 surge in international tourism to Bali has brought some unintended consequences. Bali, often known as the Island of the Gods, has evolved beyond a tourist destination to become a significant investment hub for foreign entrepreneurs. High occupancy rates in accommodations like hotels and villas have driven up demand in Bali’s property and real estate markets. While Bali’s...

Recent headlines have sparked debate about the possibility of a development moratorium in Bali, either partial or full. Key figures like Coordinating Minister Luhut Pandjaitan, Minister of Tourism Sandiaga Uno, and Bali’s interim governor have all weighed in, as have hoteliers, estate agents, developers, and observers of Bali’s tourism industry. But is a moratorium the right way forward? Is...

The change of administration in a country always brings new hopes for something better. No exception for the winners of the 2024 Indonesia presidential election, Prabowo Subianto and Gibran Rakabuming. Prabowo, who will be inaugurated as the new President of Indonesia on October 20, plans to establish a Ministry of Housing. What are his plans?   Tackling Housing Backlog  During...

When dealing with property transactions in Indonesia, it's crucial to understand the tax implications based on the type of property ownership—leasehold or freehold.  Each ownership status carries distinct tax rates and obligations for both the seller and the buyer, and being informed can help you navigate the financial aspects of your real estate transactions more effectively. Leasehold...

Property taxes are levied on the ownership, use, or transfer of real estate. Understanding the various types of property taxes is essential for anyone involved in the real estate business. This guide outlines the key property taxes that property entrepreneurs, businesses, and buyers should be aware of. 1. Final Income Tax (PPh property tax)  Final Income Tax on the Transfer of Land and Building...

From Vacation Spot to Investment Hotspot  Since the pandemic ended, Bali has seen a significant rise in interest from foreigners eager to invest in real estate. Once known primarily as a vacation spot, the "Island of the Gods" has now emerged as a highly sought-after investment destination. A key indicator of this trend is the growth in Bali's Property Demand Index, as reported by Bank...

Bali is well and truly back on the radar. The latest visitor arrival numbers from Bali’s Central Statistics Agency (BPS,) show that the cumulative number of international tourist visits in the first half of 2024 overtook 2019’s pre-pandemic levels. New routes and direct flights from the likes of Indonesia AirAsia, Emirates, and in the coming months, possibly Aeroflot, look set to boost these...

In the Indonesian property and real estate market, the Taxable Object Sales Value, known locally as Nilai Jual Objek Pajak (NJOP), plays a critical role. This value is essentially the average price derived from sale/purchase transactions and represents the government's assessed value of a property. Taxable Object Sales Value is not only vital for property transactions, but also serves as a...

In real estate business, Return on Investment (ROI) serves as a compass guiding investors towards the best opportunities. Knowing how to accurately calculate ROI is like having a treasure map that unlocks the gates to maximum profit. This article will be your comprehensive guide to understanding and calculating ROI in property investment, along with safety tips to proceed with...

What could possibly go wrong? We all know that for sometime it's been a bit like gold rush out there around real estate in Bali. Market seem to overflow with off-plan villas and town houses as well as apartments and more. An awful lot actually and one wonder how this will turn out in terms of possible temporarily oversupply for that particular part of the market. Smaller units sold. How will...