Bali villa in Sanur for sale

A comfortable Bali villa in Sanur Bali. Located in the comfortable, quiet and strategic location. Sanur is a great place for living by most foreign traveler. This tourism object also near Denpasar city, the center of Bali.
The 2 storey villa is a well maintenace building. It's a 3 years aged building but still looks wonderfull. Has a good access from the main street Jalan Danau Tondano. Also it's near to all place of activities in Sanur like the Sindhu beach, McDonalds and new Bali Mandara toll road. If you prefer a new development building located in Nusa dua, you can visit this page.

Details :

• Reference Number : VS-2032
• Location : Danau Tondano Street
• Land area : 250 m2
• Building area : 185 m2
• 3 Ensuite Bedroom
• Bathroom :  3 Ensuite Bathroom
• 1 Maidroom
• Guest Toilet
• Carport
• Laundry room
• Water : PDAM
• Power : 5,500 Watts
• Swimming Pool
• Fully furnished
• Status : Sertifikat Hak Milik (SHM) / FREEHOLD
• IMB
• 5m front street access
• Number A/C :4
• Bale bengong : yes
• Price IDR 3.650.000.000 Negotiable

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Bali villa in Nusa Dua for sale - The Maison

A new development villa located in Nusa Dua Bali. A strategic location at the south of Bali. The villa located in Taman Mumbul Nusa Dua. A development was called "The Maison". The Maison is located  about 12 km from Bali International Airport, 2 km from Bali Mandara toll road. The Maison created to give you a comfortable living in Bali, their tagline is "Homes and cozy". Far from Denpasar and Kuta will give you a peace of living. This Bali real estate villa also great for your investment as the land value in the south of Bali always grown every year.

Details :

• Reference Number : VS-2031
• Location : Taman Mumbul Nusa dua
• Land area : 175 m2
• Building area : 187 m2
• 1 Ensuite Bedroom + 2 bedrooms
• Bathroom :  1 Ensuite Bathroom + 1 Bathroom
• 1 Maidroom +bathroom
• Guest Toilet
• Carport
• Water : PDAM
• Power : 5,500 Watts
• Swimming Pool, sun decking area, outdoor shower, pantry
• unfurnished
• Status : Sertifikat Hak Milik (SHM) / FREEHOLD
• IMB
• Number A/C : 3
• Bale bengong : yes
• Price IDR 2.900.000.000 Negotiable

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Bali Villa for sale in Nusa Dua - The Elysia

This is a beautiful three-bedroom residence is situated on a hill just a few kilometers from the famous sandy beaches of Nusa Dua, the world-famous golf courses and one of the biggest shopping centers of the island Bali Collection.

The second floor offers wonderful views of the hills of Bukit peninsula. The entire villa is blown by the ocean breeze and filled with light. The lower level has spacious living room with kitchen and dining area. Sliding glass doors lead straight into the garden with a balcony with comfortable sofa for the afternoon rest. Living room is equipped with a sofa and TV. There are tropical plants and a small waterfall in the garden.

The unique dining table made of artificially aged wood has a capacity up for 6 people. The light kitchen, separated from the living area by bar, is fully equipped with all necessary appliances and utensils. The first bedroom is located on the low level and has an exit directly to the pool. It is equipped with a double bed and spacious wardrobe. Two other rooms are located on the second floor. Each has a balcony with magnificent views. There are two single beds in one and a large double bed in the other. Each room has air conditioning, private bathroom with shower, large mirrors. All furniture is made of wood. Also there is also a great new development villa in Nusa Dua click here.

Details :

• Reference Number : VS-2036
• Location : Taman Giri Nusa Dua
• Land area : 350 m2
• Building area : 280 m2
• 3 Ensuite Bedroom
• Bathroom :  3 Ensuite Bathroom
• 1 Maidroom
• 3 Guest Toilet
• Carport
• Laundry room
• Water : PDAM
• 25 m2 Swimming Pool, Wi-fi
• Fully furnished
• Status : Sertifikat Hak Milik (SHM) / FREEHOLD
• IMB
• Year : 2011
• Bale bengong :No
• Price IDR 4.800.000.000 Negotiable

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Buying property in Bali -2

Under Indonesian law foreigners are not permitted to have property title in Indonesia. There are 3 alternatives for foreign to buy property in Bali  here are the summary :

1. Enter into a legal arrangement with an Indonesian nominee, either an individual or PT company, whereby he/she/corporation holds title to the property. Simultaneously, complete a power of attorney, handing over full rights from the Indonesian entity to the foreign investor.
2. Make a leasehold investment in the property, up to 25 years. Partnerships with Indonesian citizens are not required in leasehold transactions. This method does offer complete protection to the foreigner during the term of the lease, however, once the lease term has expired the agreement can be extended or the property reverts to the Owner.
3. Form a foreign investment company (PMA). Here the foreigner can own the company 100% and the title of the property will be in the company name. However, title in this case could only last for 20 or 30 years as PMA companies have to re-apply to the Indonesian Government to extend their license.

BUYING THE PROPERTY
Simplified, buying land in Bali can be illustrated with the following steps:

1. Appoint your Real Estate Agent
2. Negotiate price on your chosen property
3. Make a deposit (usually 10 - 30% of total price)
4. Sign a letter of intent with the seller agreeing to price, final completion date and payment schedule.
5. Completion and final payment at the Notary
6. If using a Nominee, simultaneously sign the 'power of attorney' at the Notary
7. Collect the revised certificate

A brief about Bali Real estate part -1

When we talk about a Bali villa for sale, there is basically a choice of "leasehold" and "freehold" properties. Although, according to the Basic Agrarian Law of 1960, it clearly states that foreigners may not own real property in Indonesia. There are many who do - and most have done so by using an Indonesian national as their "nominee", whereupon the Indonesian is the registered owner of the property. And legal agreements, Powers of Attorney etc need to be put in place to protect the interests of the foreign investor. This said, the majority of foreigners have opted for the leasehold option, which is 100% legally allowed by law in the Republic of Indonesia. 

There are a number of different types of title in Indonesia:

1. Hak Milik (Freehold) is the type of title that can only be held by an Indonesian citizen.
2. Hak Pakai (essentially leasehold title) and other forms of title can be held by a P.T. or PMA Company (Foreign Investment Company).

A non-Indonesian citizen cannot own land in Indonesia. However a foreigner can acquire a leasehold title to a building - almost the same as a strata title except that the title lasts only for 25 years with an extension of 30 years for a maximum of 55 years and then reverts to the original owner (lessor).

There are 2 ways for foreigners to own the land in Indonesia:

1. Using the Nomine
The Nominee will sign four documents with the foreigner as follow:

1. A Loan agreement: acknowledges that the foreigner has lent to the Nominee the purchase price of the land.
2. A Right of Use agreement: allows the foreigner to use the land.
3. A Statement Letter: where the Nominee acknowledges the foreigners loan and intention to own the land.
4. Power of Attorney: The nominee signs an irrevocable Power of Attorney giving the foreigner the complete authority sell, mortgage, lease or otherwise deal in the land.
    

The following documents should signed with your nominee, prior to the purchase:

1. Mortgage Agreement - Cost: 1% mortgage value for Notary; 1% of total mortgage value for BPN land affairs office.
2. Power of Attorney - granting exclusive rights to Mortgager to release the Mortgage.
3. Financial Loan Agreement.
4. Power of Attorney for all rights to the land.
5. Statement Letter - outlining proof of payment for the property.
6. Statement of Indemnity (for nominee).
7. Power of Attorney for IMB - authority for Building Permit.
8. Statement Letter - No second mortgage.
9. Lease Agreement - granting the purchaser 25 years lease plus an automatic extension of 25 years (added security) - Cost: 1% of lease value.

 2. Using the PMA
The most significant change in Indonesian investment law came in 1997 when the government introduced the PMA (Penanaman Modal Asing or Foreign Investment Company). This allows foreign investors to set up a company in Indonesia, without having to have Indonesian partners. The PMA can be 100% owned by the foreign investor. PMA companies are allowed to own the title of the property for a period 25 years and have to be renewed by the government.

To set up a PMA, you will be required to:

1. Submit the detailed business plan.
2. Operate in a business environment that adds value to Indonesia in terms of foreign skills, employment and environmental benefit.
3. Make an appropriate cash deposit in an Indonesian based Bank. The amount varies and is calculated from the capital employed in the business.
4. Show the property investment as an asset of the company.

The process takes approximately 3 to 4 months and once its completed; the company can apply for work permits for the foreign directors, 3 permits in the first year of operation. The cost of setting up the PMA is between IDR 30 to 40 Million or equivalent with USD 4,500.

Based information from baliproperty.com