Bali’s beckoning
October 9th, 2007
WA investors are turning their attention to Bali, now that Perth’s luxury apartment market has hit record highs.
Just three weeks after listing luxury beachfront apartments in prestigious Nusa Dua, Josh McDonald, of Ray White Fremantle, has sold one and is negotiating sales of others to Perth buyers.
He said there had been a lot of interest by WA investors in six apartment developments being built on Nusa Dua, in Bali’s south.
Only three luxury apartments are left in the first development.
“The developments are in the Tanjung Benoa area, on the Benoa peninsula. It’s a very prestigious area with a lot of five-star resorts,'’ Mr McDonald said.
“All luxury apartments are double storey and built to Western standards.'’
The apartments will line Nusa Dua beach, with large balconies and 180-degree ocean views out to Nusa Penida and Nusa Lembongan islands.
They are priced at $US360,000 (about $A405,313).
“Similar apartments next door are going for up to $US650,000,'’ Mr McDonald said.
While Indonesian law bars overseas buyers owning property in Bali, the apartments have 84-year leases.
Source: http://www.news.com.au
Entry Filed under: Bali Tourism News
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