Welcome back to a new blog from Luma Properties Bali. In this blog, we'll be sharing about our first project in Bali. During one of our journeys through Bali, we've built a strong network of entrepreneurial individuals who have helped us kickstart our own business. We've researched everything involved from A to Z and today, we are developers both domestically and internationally. Thanks to the amazing teams we work with, Bali now feels like our second home
FROM INVESTING IN OURSELVES TO ASSISTING OTHERS
Anyone who has visited Bali knows that there are many different tropical villas available for both large and small groups of people. Even if you're traveling as a couple, you can book a private pool studio to truly unwind after a long day of 'cultural exploration'. Because... Bali has so much to offer.
As you could read in the previous blog, we've personally invested in a vacation home in Bali. It's located in Pererenan, near the hotspot Canggu. Since we're already active in real estate in the Netherlands, we thought, 'Why couldn't we do this ourselves in Bali?
Of course, we weren't the only ones interested in investing in Bali. So, we started thinking about how we could help other people invest in a property on this beautiful island. We've always had the dream of living in a tropical place for an extended period and living life on our own terms. It's even more fulfilling to be able to make this dream come true for others as well.
A NEW PROJECT: BOLD VILLAS
During our journey in Bali, we fell in love with Uluwatu, located in the south of Bali. In this area, you'll find pristine white beaches, stunning blue sea, renowned surf hotspots, and delightful restaurants and cafes. Uluwatu exudes beauty and luxury, making it a perfect destination to conclude your journey through Bali and the surrounding islands and truly unwind. In the well-known area of Bingin, we connected with one of our current partners who guided us through the process of purchasing a suitable piece of land where we planned to build a villa under our own management. Eventually, we set our sights on a plot of 2000m2, nestled in a tranquil spot amidst the lush surroundings of Bingin. It's a spacious, open area with a great energy, immediately resonating with us.
THE PROCES OF BOLD VILLAS
With great enthusiasm and a wealth of knowledge and experience in real estate investing, we decided to lease this plot for a period of 25 years from the landowner. In Bali, land is often the sole possession of a family, and they believe that selling any of their possessions brings bad luck, which is why foreign investors typically can only lease land. This is similar to a leasehold arrangement.
We have expanded our network to include a team of designers, architects, a villa management company, a reputable contractor, project managers, and of course, excellent advisors, perhaps the best on the island.
By assembling this team, the project 'Bold' has taken on a beautiful form. Bold stands for 'daring' or 'bold,' which is very personal to us and symbolizes the step we have taken to venture to the other side of the world and develop a project of six villas with 3 bedrooms, en-suite bathrooms, and private pools.
After finalizing agreements with the landowner regarding the payment terms for the land, we spent approximately 4 months on all the preparations and designs for the villas. We sold all 6 villas to Dutch investors seeking returns on their capital through short-term rentals. Alongside our legal and accounting professionals, we ensure a worry-free investment for our clients, guiding them through the entire purchasing process and facilitating communication with our partners.
The 6 villas of the 'Bold' project each occupy a plot of 300m2 and have a floor area of 180m2. They are equipped with all comforts and luxury and are delivered fully furnished for rental. The tropical modern interior serves as the foundation, but our clients are always free to opt for a personalized interior. We have chosen a residential style that exudes space and luxury, offering families a delightful vacation experience
BOLD VILLAS AT 50% CONSTRUCTION COMPLETION
And exciting news: the villas of the 'Bold' project are already nearing 50% completion of construction! The construction period is expected to run until around October this year (2024)
Adjacent to Bold, we have also commenced development on our second major project in Bali: Nadu. Stay tuned for more details in our next blog!
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Luma Vastgoed B.V.
Telefoon: +31 6 24 34 35 73
Whatsapp: +31 6 24 34 35 73
Mail: info@lumapropertiesbali.com
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