INVEST IN PRIME INDONESIAN REAL ESTATE

Considering a property purchase in Bali?

Mirah Investment & Development delivers luxury real estate across Indonesia.

Long a popular choice for property investment, Bali real estate is enjoying something of a renaissance postpandemic as investors and potential homeowners look for alternative ways to live their lives and alternative places in which to do it.

“The Bali property market is experiencing very high demand with buyers from around the globe,” says President Director Adrian Savage. “Strong returns are a key factor, and property in Bali is still extremely good value compared to other parts of Southeast Asia where prices could be more than 10 times higher.”

He adds that there is also a trend towards people wanting to stay longer in Bali. “The pandemic has shown people they can work anywhere in the world and enjoy a better lifestyle with a lower cost of living.”

Mirah delivers exceptional real estate and commercial developments across Bali and Indonesia, offering beachfront, cliff-front, residential and investment turn-key properties in prime locations. The company has enjoyed a very successful past couple of years, with three resorts and eight restaurants set to launch by the end of 2023. In addition, the company offers end-to-end legal, taxation, and visa services for all clients, including structuring foreign asset ownership, making the process seamless and painless.

Mirah is very different from other developers, says Savage. “We manage the property and offer owners the choice to earn passive income or live there. While most developers just sell the property, we are there with buyers throughout the time they own the property. In addition to post-sales support, this means protecting the development’s brand, which maximises resale value of their asset.”

With people unable to travel freely, the pandemic presented a difficult time for the property market. Mirah adapted to the challenges of travel bans and border closures by leveraging on digital marketing to bring Bali’s unique charm and investment prospects to a global client base. By investing heavily in digital marketing and media production, Mirah delivered engaging, well-produced content directly into people’s living rooms and onto their smartphones so they could assess their investment prospects.

During the pandemic, Mirah sold more than 150 luxury villas and apartments off-plan to investors from 29 countries, despite a complete cessation of international travel at this time. With the help of embedded 3D renders based on the existing working plans, buyers could visualise not only what the final development project would look and feel like, but also envision Bali’s laidback island lifestyle, a major drawcard to the island. The real estate firm also conducted detailed presentations online and made live video calls from construction sites so prospective buyers could gauge the particulars of a project.

A keystone of building a trusting relationship with clients is Mirah’s 100% refundable booking fees, giving prospective buyers the chance to reserve a unit for 14 days, and review all necessary legal paperwork, certifications, and financial forecasts in that time. If would-be buyers decide they don’t want to continue with the purchase, then Mirah refunds the nominal booking fee.

Out of the five developments launched during the pandemic, many have sold out, or nearly sold out, from off-plan sales. Luxury residential complex Ombak Dua, located in Bali’s exclusive district of Cemagi, sold out in six short months, for example. Scheduled to open early 2023, lifestyle residence Secana Beachtown, which features 32 apartments and 58 private pool villas, almost sold out after 18 months. Another up-and-coming property that’s enjoyed great success is boutique resort Kuara on neighbouring Lombok, which is currently 80 percent sold. More recently, luxury residential complex

Nila Residence, which offers 19 private pool villas in Bali’s trendy Berawa, was 75 per cent sold after only a few months, despite little marketing. A recently launched luxury apartment complex, Kiara Ocean place, located just off Batu Belig beach, shared as an early access project to existing clients, has only 12 units left out of 62 apartments in just two months.

Time and again, Bali has proven to be a resilient destination, with quick bounce-back from any global or local events and international and domestic tourism numbers consistently increasing. As restrictions on international travel have relaxed in recent months, the island has experienced a robust recovery, with areas of Bali such as Berawa and Canggu returning and even exceeding pre-pandemic occupancy levels.

If you want to invest in a slice of paradise, Mirah Investment & Development offers high-yielding investment properties, residential properties, and turnkey commercial properties, including resorts, beach clubs and restaurants. Bali’s low cost of entry in comparison to European and many Asian luxury destinations is a strong pull factor for investors, as is its high earning potential through asset value appreciation and the passive revenue from rentals.

The future, much like its sandy shores, looks bright in Bali.