HOT PROPERTY ISSUE 1 by Marie Dakin

BALI

PROPERTY

Volume 1 | Summer 2005

Market Commentary Current Market - Predictions

Virtual Realty

Architect Johnny Lincoln is Online with his Design

Most Wanted

40 plus! Pages of Bali’s Prime Property

IDR 75,000 • US$ 7.50 • HK$ 60.00 • Malaysian RM 28.00 • AUS$ 10.00 • Singapore $12.00

Maximise $$$ Inside Scoop on Maximum Returns

Seminyak: HOT? If There’s a Spot Left I’ll Take It

THE VILLAS AT JIMBARAN Location – Jimbaran Hills Freehold ocean views 18 luxury private villas Prices starting from US$225,000 Vendor finance available PARK VIEW HEIGHTS Location – Nusa Dua Freehold ownership 15 luxury homes Spectacular ocean views Prices starting from US$250,000 Vendor finance available GENDING KEDIS ESTATE Location – Jimbaran Bay Freehold ownership 19 luxury villas Spacious and luxurious living Prices starting from US$195,000 KARANG KEMBAR Location – Bukit Freehold cliff top views The most prestigious address in Bali 6 luxuriously appointed residences Stunning location and views Internationally acclaimed architects K+K (HK) International Limited

| Summer HOT! Property Bali

CANTI ASRI Location – Pererenan, Canggu Freehold ownership Phase 1 – 9 luxury villas Prices starting from US$245,000 Vendor finance available THE SUNGAI Location – Pererenan, Canggu Leasehold in perpetuity 8 luxury private villas Ultra modern design aesthetic High-tech facilities Prices starting from US$235,000 SANTOSA RESORT Location – Oberoi, Seminyak Freehold ownership 18 acres of beachfront land 200 meters from Ku De Ta Villas, apartments and suites Fully managed private estate Five star plus hotel services and facilities Prices from US$200,000 – US$3,000,000 SEKAR TAMAN2 Location – Oberoi, Seminyak Freehold ownership Close to restaurants and the beach 2 and 3 bedroom villas Prices from US$195,000 – 240,000

Guaranteed up to 10% return on investment. Vendor financing available on certain developments. Superior quality property investments in Bali’s most exclusive and sought after destinations. The architecture, interiors and finishing of all developments, in all locations, are of the highest international standard. For more information contact: 62 361 73 73 57, info@ppbali.com or visit us at www.paradisepropertybali.com, Jl. Lasmana #54, Kerobokan, Seminyak, Bali 80361 Indonesia. HOT! Property Bali Summer |

| Summer HOT! Property Bali

Publisher: PT. Dua Dewata Bali PO. Box 3033 Denpasar Bali Indonesia 80030 Fax: +62 361 736 920

Volume 1| Summer 2005

International Advertising: + 852 3188 3169 david@gkmal.com

We talked to people actively looking for property in Bali and they told us, it was both difficult and time consuming to find the depth and selection of information they needed in one place. We then reviewed what was currently available about real estate in Bali from a buyer’s perspective and found nothing that gave unbiased advice whilst showing a large enough selection of available properties.

Market Commentary

HOT! News

Website: www.hotpropertybali.com

HOT! Picks

Virtual Realty

Most Wanted!

Printed by: PT. Indonesia Printer, Jakarta, Indonesia

Sales

International Distribution: Gold Key Media Ltd.

Rentals

Indonesian Distribution: Java Books

In Development

Maximum $$$

Subscriptions: Hot! Magazine, c/o Gold Key Media Asia, 1002 Park Commercial Centre, 180 Tung Lo Wan Road, Hong Kong

Seminyak Hot?

For enquiries, please call +852 2127 7003 or email: subscription@gkmal.com

Hot Seat: The Self Build Money Pit?

Cover Photograph: Villa Nyambu, Canggu.

Before you sign

Services

International players cast their eyes on Bali Nurturing nature certainly looks good from both a moral and architectural perspective Is building a property abroad a recipe for disaster? Internet technology could have the answer 40 plus! Pages of Bali’s prime property, for sale and rental Existing, new and off-plan properties the choice is yours Luxury villa rentals to suit all budgets Bali’s newest developments by location and price Inside scoop on how to maximise your villa rental returns Seminyak’s popularity continues to grow in leaps and bounds, we find out why Building your own villa shouldn’t go over budget- An experienced project manager explains why Can foreigners own property in Bali? Advice from legal experts Services you can’t do without when buying property in Bali

| Summer HOT! Property Bali

More and more people are discovering the charm and pleasure of Bali as a holiday destination and are increasingly interested in purchasing a piece of paradise.

Is the current boom set to continue or will oversupply cool this hot market?

HOT! Is a new magazine for Asia Pacific about property in Bali.

Advertising: sales@hotpropertybali.com +62 818 350 515

Bali Snapshot

Maps and facts

Dear Readers,

Information and Editorial: enquiries@hotpropertybali.com +62 817 067 0069

This issue has over 40 pages of properties to buy or rent, we also feature a comprehensive listing of new developments, by location and price. In Market Commentary, agents and developers on the frontline of the industry gave us their views on past performance and predictions for the next quarter. Pages 80-82 are the first in a series of features covering the different methods of property ownership available to foreigners. Bali is fast becoming the bench mark for tropical living and architects are taking the environmental impact and the use of sustainable natural resources into consideration, as part of their design philosophy, find out how on pages 16 and 18. Be sure to complete our online reader survey and have the chance to win a luxury weekend break for two in Bali, staying in a HOT! villa (flights included). Sponsored by Paradise Property and Amazing Luxury Villas. Visit www.hotpropertybali.com for more details. Our core aim has been to produce a magazine that has your interests at heart, therefore we gladly welcome comments and feedback. The result, we hope, provides you with inspiration and information about buying property in Bali. From the Editor

#41

Subscribe and never miss out on a HOT! property in Bali Tel: +852 2127 7003 or email: subscription@gkmal.com HOT! Property Bali is published quarterly by PT. Dua Dewata, Bali, Indonesia, No. 220817003302, ISSN 1858-0939. We cannot accept responsibility for any unsolicited contributions. No part of this magazine may be reproduced, in whole or part in any manner, stored in a retrieval system or transmitted in any form without permission. The opinions expressed in the magazine may not be that of the publisher and publisher cannot be held responsible.

HOT! Property Bali Summer |

Publisher: PT. Dua Dewata Bali PO. Box 3033 Denpasar Bali Indonesia 80030 Fax: +62 361 736 920

Volume 1| Summer 2005

International Advertising: + 852 3188 3169 david@gkmal.com

Market Commentary

HOT! News

Website: www.hotpropertybali.com

HOT! Picks

Virtual Realty

Most Wanted!

Printed by: PT. Indonesia Printer, Jakarta, Indonesia

Sales

International Distribution: Gold Key Media Ltd.

Rentals

Indonesian Distribution: Java Books

In Development

Maximum $$$

Subscriptions: Hot! Magazine, c/o Gold Key Media Asia, 1002 Park Commercial Centre, 180 Tung Lo Wan Road, Hong Kong

Seminyak Hot?

For enquiries, please call +852 2127 7003 or email: subscription@gkmal.com

Hot Seat: The Self Build Money Pit?

Cover Photograph: Villa Nyambu, Canggu.

Before you sign

Services

| Summer HOT! Property Bali

More and more people are discovering the charm and pleasure of Bali as a holiday destination and are increasingly interested in purchasing a piece of paradise.

Is the current boom set to continue or will oversupply cool this hot market?

HOT! Is a new magazine for Asia Pacific about property in Bali.

Advertising: sales@hotpropertybali.com +62 818 350 515

Bali Snapshot

Maps and facts

Dear Readers,

Information and Editorial: enquiries@hotpropertybali.com +62 817 067 0069

#41

HOT! Property Bali Summer |

Balifacts CURRENCY Indonesian Rupiah (IDR) exchange rates tend to fluctuate and most property prices are quoted in US$. Current exchange rate is approximately IDR 9,500 to 1 US$ POPULAR AREAS South Bali including, Seminyak, Nusa Dua, Kuta, Sanur, Canggu, and Jimbaran. Due to improved infrastructure, areas to the east such as Candi Dasa are also gaining popularity. Cliff and beach front land are in high demand but there is limited availability. PRICE RANGES Many variables in terms of age, style, location and condition so there is usually something to suit all budgets. VISA REQUIREMENTS Visas are required for all overseas visitors and are available for purchase either upon arrival at the airport or through the Indonesian Consulate in your home country. MORTGAGES Generally unavailable to nonIndonesians. However, some developers are offering finance terms to buyers. CLIMATE Between 20 to 33˚C year-round. Rainy season October to March. From June to September there is lower humidity and cooler evenings. POLITICAL CLIMATE Indonesia is experiencing a move towards democracy with a more liberal outlook. ECONOMIC CLIMATE Tourism, either directly or indirectly accounts for 80% of the island’s economy. TAX Assets and income in Indonesia are subject to taxation, it is advisable to consult a professional for details. POPULATION Over 3 million, the majority of whom are Hindu. The island’s largest town and administrative centre is Denpasar with a population over 350,000. | Summer HOT! Property Bali

HOT! Property Bali Summer |

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HOT! Property Bali Summer |

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HOT! Property Bali Summer |

Market Commentary A quarterly review on the current market and where we are headed

On the property front line! The last quarter has seen many new development projects hitting the market almost on a weekly basis. It would seem that sellers are preparing for a very busy summer. We asked three agents and a developer to give us their views on the current market and their predictions for the months ahead. #41 THE COMPANY: Terra Fidelium- Real Estate Agent based in Seminyak. Email: arnout@terrafidelium.com

Market performance and predictions for the next quarter? “If you look at the last decade property prices have increased year on

year. From 3 years ago to-date land prices have increased by 100% or more, depending on the area.” Predictions: “More people will invest in property and that will, in particular, push up the purchase prices for land in popular areas.”

With the predicted number of projects due to come onto the market over the next year there would seem a likelihood of oversupply. What is your view on this aspect? “For projects that have contracts with reliable, skilled, and well known Management Companies (who also have overseas contacts in the travel world) oversupply will have no effect. They will

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be properly marketed and therefore have occupancy. The opposite is true for projects that don’t work with the right management companies. They will become the oversupply.”

Which areas in your view are the current prime locations to buy for maximum a) capital appreciation, b) lifestyle? and c) rental returns? a) Legian, Seminyak, Batubelig and in the near future Brawa (near Canggu) b) Difficult to say: depends on what kind of lifestyle you prefer. Bali has prime locations for many different lifestyles. c) Legian, Seminyak, and Batubelig

In the past buyers designed and built their own properties, mainly due to lack of choice, now with so much choice and turnkey solutions concerning management

& finance do you see this trend diminishing? “No, because for a large group of people building their own property gives them all the freedom they want. They can decide which periods they want to rent out or which periods they want to stay in their own house. In addition, by doing it the way they want they can still make a very profitable rental income. Don’t forget that many people, interested in an investment in Bali, have children, so holidays are taken in school holiday periods. A lot of the management contracts that go with the projects have a fixed period of stay per year for the owner and will not allow the owner to stay during high seasons, which are, as we all know, always school holidays.”

Where have you noticed marked land and property price increases

in the last year? “Between Seminyak and Batubelig prices increased around 20%. Between Batubelig and Tanah Lot, prices increased around 10%-15%.”

Views on the resale market and your advice to potential buyers: “It’s an interesting market for both buyer and seller. There are many properties on the market and this makes it interesting for potential buyers because they can really shop around. For the seller it’s interesting because he/she can make a nice profit by selling the property.” #41 THE COMPANY: C151- Developers based in Seminyak. Email: hanno@club151.net

On market performance: “Historically property values in Bali have

increased year after year. The simple explanation is that Bali is the Jewel of Indonesia and an international brand name whose popularity continues to grow. Predictions for the next quarter: Simply put, as the demand to own a piece of Bali continues to grow, unfortunately the supply of land remains fixed.”

On supply and demand? “Bali has never been more popular than it is today. We expect demand for lifestyle properties to grow as will the number of tourist arrivals. With regard to oversupply, there will be a natural correction in the market. When choosing a property to invest in, it is important to consider the location, construction, management and how the property will compete in the market.”

Are there any Hot Spots

for maximum a) capital appreciation, b) lifestyle and c) rental returns? a) Oceanfront particularly on the sunset coast in the Badung Regency (South Bali) b) Seminyak c) Oberoi area of Seminyak

Are people still self building? “Many people fantasise about building a home in Bali, but few have the time. So many more people are choosing turnkey developments.”

On land and property price increases in the last year? “We have seen a steady increase in property prices over the last year in areas where development and tourism are already active. In the Oberoi area of Seminyak increases are as high as 33%.”

Your views on the state of resale market: “The resale market for stand alone villas/houses is not nearly as strong as turnkey developments which offer many of the amenities of a 5 star hotel, including management, 24 hour room service, maid service, transportation and security. Developing

and maintaining these services for a single villa can be cost prohibitive (i.e. purchasing cars, maintaining a large staff and household facilities) – turnkey development provides economies of scale.” #41 THE COMPANY: Exotiq Real Estate, independent property consultants in Bali with offices in Nusa Dua, Sanur, Seminyak and Phuket in Thailand. Email: a-maclachlan@exoticproperties.com

On how the market has developed and its current position? “I became involved in the Bali real estate market eight years ago. Since then it has become unrecognizable from the pre-crisis years of the mid nineties. New players have entered the market and there has been an explosion of website based rental agents (most of whom are also dabbling in real estate sales), and many brokerages have started developing their own property. This influx of supply is fuelled by the Balinese’s remarkable ability to deal with every adverse condition thrown at them; bad publicity, bombs, viruses, economic and currency collapse; you name it and they have had it. Yet

land prices have been increasing by 15-20% per year since the millennium (except for a 12 month period after the Bali bombings in 2002, when prices stuck, they didn’t go down)”.

Next quarter predictions:

beds to fill, and that’s not including the 8 new resorts that are on the way… how are all these people going to get here?”

Prime locations for maximum a) capital appreciation and b)

village of Kaba Kaba) will provide great returns; it is relatively cheap (about Rp25 million per Are*, compared to Rp150 million on the adjacent beach) and with a new road cutting the journey

fantastic and it’s getting a marina; we are just waiting for more trendy restaurants. New luxury villa/resort developments are on the way and the ‘sunrise road’, (east coast’s answer to the ‘sunset

to the airport by half this beautiful rural area of Bali will be a convenient place to live”.

road’) already exists. Property up this coast also has spectacular views of Mt. Agung (Bali’s sacred volcano) and Nusa Penida (offshore island before Lombok) in most vistas.”

“We expect this growth to continue for the next 5 years. Bali is often compared to Phuket when it comes to property, so given that prices in Phuket are about 40% higher than Bali (it is a much smaller Island of course) its reasonable to expect that Bali will at least equal the prices on its Thai rival”.

Views on supply and demand: “I’m increasingly asked whether there will be an oversupply of holiday rental villa accommodation in Bali, which are sprouting up everywhere, particularly in Seminyak. We are concerned that the rental market for all these villas will reach saturation point in a couple of years’ time and one of the prime reasons for this will be to do with the airport… there simply won’t be enough airline capacity to fill all these beds. By 2007 there will be an extra 10,000 villa

lifestyle? c) rental returns. “Certain specific areas of Bali are about to grow even faster. The impact of the much heralded ‘sunset road’ inching its way up the west coast, should give property in the Canggu area an extra 20% boost over the average for the Island. For this reason we think that land located to the north and east of the existing Canggu road (around the

“The sleeping giant of property investment, and ROI, is the east coast. Sanur, long lambasted as ‘Snore’, that quiet boring resort no one wants to visit, is getting a make over. The infrastructure of the town is already vastly superior to the west side, the beach is safe, the roads are

What in your experience has been the change in land values? “In Rupiah terms the value of land since the banks collapsed in the late nineties has increased by over 400%. The

HOT! Property Bali Summer |

Market Commentary A quarterly review on the current market and where we are headed

Market performance and predictions for the next quarter? “If you look at the last decade property prices have increased year on

| Summer HOT! Property Bali

be properly marketed and therefore have occupancy. The opposite is true for projects that don’t work with the right management companies. They will become the oversupply.”

In the past buyers designed and built their own properties, mainly due to lack of choice, now with so much choice and turnkey solutions concerning management

Where have you noticed marked land and property price increases

in the last year? “Between Seminyak and Batubelig prices increased around 20%. Between Batubelig and Tanah Lot, prices increased around 10%-15%.”

On market performance: “Historically property values in Bali have

Are there any Hot Spots

for maximum a) capital appreciation, b) lifestyle and c) rental returns? a) Oceanfront particularly on the sunset coast in the Badung Regency (South Bali) b) Seminyak c) Oberoi area of Seminyak

Are people still self building? “Many people fantasise about building a home in Bali, but few have the time. So many more people are choosing turnkey developments.”

land prices have been increasing by 15-20% per year since the millennium (except for a 12 month period after the Bali bombings in 2002, when prices stuck, they didn’t go down)”.

Next quarter predictions:

beds to fill, and that’s not including the 8 new resorts that are on the way… how are all these people going to get here?”

Prime locations for maximum a) capital appreciation and b)

village of Kaba Kaba) will provide great returns; it is relatively cheap (about Rp25 million per Are*, compared to Rp150 million on the adjacent beach) and with a new road cutting the journey

to the airport by half this beautiful rural area of Bali will be a convenient place to live”.

road’) already exists. Property up this coast also has spectacular views of Mt. Agung (Bali’s sacred volcano) and Nusa Penida (offshore island before Lombok) in most vistas.”

What in your experience has been the change in land values? “In Rupiah terms the value of land since the banks collapsed in the late nineties has increased by over 400%. The

HOT! Property Bali Summer |

Rupiah nose-diving from 4,000 to 17,000 against the greenback has a lot to do with it but when I first came here in 1997 land in Kerobokan was Rp18 million per Are, the same real estate is now over Rp90 million per Are”.

On building that dream villa? “Three quarters of Bali’s private property market (excluding developments), as far as foreigners are concerned, is currently orientated to ‘new builds’. It is about 30% cheaper if you buy land and develop it yourself... but beware, do-it-yourself is only cheaper if you know what you are doing and you are on the Island to supervise the construction, if you’re not, things can easily go wrong and costs can quickly escalate”. “Everyone must be careful not to over do it. There is already evidence of over development in some areas and the prospect of the Government banning building permits on green rice field land is a welcomed one; we hear this will happen in the next three years… and it needs to happen as far as we are concerned”.

And the resale market?

“Most self build villa designs are highly personalised, and do not always follow the most popular layout formulas, (therefore it is often difficult for buyers to find the right property for them within the existing database). In addition, most buyers have used private equity to fund their homes, money that they can easily afford, so the need to sell precipitated by financial over-stretching does not arise, therefore, there are not very many finished villas on the market. This all adds up to a sluggish resale market; typical of emerging property destinations, such as Bali. However, as more developments are sold, often to people who have borrowed, existing villas will creep back into the market. Restrictions on the development of rice field land in Bali may become a necessity before too long. The Islands’ ability to produce enough rice is under threat, (in some areas). The Government will need to freeze future building permits on such land. The impact of such a policy will increase the importance of the resale market as the option to do-it-yourself development will become

10 | Summer HOT! Property Bali

less available. It will also mean that some areas of Bali will continue to develop whilst others will slow down, for example non-productive areas of the Island, (with no rice cultivation), such as the Nusa Dua (Bukit) peninsula, will become highly developed whilst others, such as Canggu will remain semi rural. The impact of this change in terms of property prices will be obvious. There is also a growing anti-development lobby in Bali; more and more people are concerned about the erosion of the environment and the negative effect this will have on the Balinese culture.” *Bali land: 1 are =100m2 100 are = 1 hectare #41 THE COMPANY: Elite Havens: One of the bestknown brands on the island. The Group specializes in luxury villa sales and rentals, and through their subsidiary Bali Homes Management, luxury property management and marketing. Email: sales@elitehavens. com

On the current market. “Over the last 5 years we have seen an increase of 20% or higher a year in all the major locations considered by foreigners.

This year we have already seen a 20% rise on the south side of the island. The next quarter sees all the Europeans doing their annual trip and considering the prices here are essentially in US$, I think they’ll start dropping Euros in and give the growth rate an additional spur.”

rental yields from groups who are great salespeople, but have little experience in operating or marketing villas to the wholesale and retail marketplace. Running a villa here, whilst balancing obligations to the community, and taking care of VIP clients

appreciation b) lifestyle and c) rental returns? “If you are talking about capital appreciation, obviously you are talking about freehold ownership. At the moment Seminyak and Oberoi dominate the market in occupancy but

And supply? “Without question, there’s a boom on. There are a number of projects happening and supply will definitely increase. There are two schools of thought on this. The first is that supply has been unable to keep up with demand during the last few years, either in new projects or secondary sales and that there will be a comfortable uptake in both sales and rentals (with more people discovering renting a villa as a more flexible alternative to hotels). The second is that things will settle down somewhat on the sales and rental side. As would always be the rule in market imbalances, quality will rule. One way or the other, what’s really going to change is people’s view on property management. You see wild predictions about occupancy and

obviously the niche markets like Ubud or Sanur that appeal to some people more than others but the bulk of clients purchasing and renting want to be within a reasonable driving distance of the restaurants, nightlife, and high end shopping that the Oberoi and Seminyak areas offer. We think that Umalas is going to be the best mix of these values over the next year or two. Its location just next to Oberoi and the fact that the undulating terrain offers views, wins considerable amounts of hearts and minds. Villas there can still afford to give good sized gardens (unlike a lot of the shoeboxes we are seeing in Oberoi these days)”.

On buyers with grand designs:

who are paying top dollar to stay in a luxury villa, takes a whole set of skills and expertise that very few groups have.”

Which in your view are the current hot spots for maximum: a) capital

the price to buy is high and when estimating how much higher prices will go, it would seem that capital growth could top out soon. From a lifestyle perspective, there are

“The appeal is always going to be there. Walking onto a beautiful block of land and stating that one’s going to build a custom made dream house and being able to do it, is one of the things that have made this island so rich in architecture and innovation. However, especially if one is examining it from a rental return perspective and ease of purchase, buying

into a turnkey solution where the economies of scale reduces operating expenses and leads to higher occupancies, we think, has greater appeal.”

- Land values have continued to increase and this trend is set to continue due to improved infrastructure and a dwindling supply.

Which areas do you think have enjoyed the highest land and property price increases within the last year:

- Management of property will be a key factor to maximising rental returns of so many new second home villas.

“Everywhere is consistently going up. Districts with notable spikes have been cliff top in south Bukit, beach front Oberoi, and beach front Canggu.”

- A slight move away from self build with buyers increasingly opting for turnkey solutions,

How are resales doing? “Very strong but very annoying from a salesperson’s point of view. Many clients come to Bali ready to spend on a wellappointed existing villa on freehold land. The issue is that, the bulk of houses on the secondary market are on leasehold land.” #41

Summary: - Property price increases of 20% a year or higher over the last 5 years. Marked price increases in the last year in areas where development and tourism are already active. Improved infrastructure has been a key factor in elevating up and coming locations.

- Future: Bali’s popularity continues to grow, with demand pushing prices up. - Currency: Europeans arriving in Bali have more spending power due to the strength of the Euro against the US $. - Conservation: growing concern over the future of Bali’s ability to sustain natural food resources as more agricultural land is lost through development. Graphs courtesy of Elite Havens. #41

Airline

Destination

Frequency

Singapore Airlines

Singapore to Bali

3 flights daily: 0935-1205, 1640-1910, 1900-2130

Bali to Singapore

3 flights daily: 0915-1145, 1305-1535, 2005-2235

Bangkok to Bali

Once daily: 0840-1400

Bali to Bangkok

Once daily: 1650-2000

Hong Kong to Bali

KL to Bali

Daily: 1005-1445 Tues-Sat-Sun-Thurs: 1550-2030 Daily: 1555-2045 Mon-Wed-Fri-Sun: 0910-1400 Daily: 0950-1250, 1450-1750

Bali to KL

Daily: 1350-1650, 1850-2150

Bali to Sydney

Tues-Fri-Sat: 2315-0700

Sydney to Bali

Mon & Fri: 1105-1525

Bali to Melbourne

Thurs & Sun: 2315-0700

Melbourne to Bali

Wed-Sat-Sun: 1105-1525

Bali to Perth

Daily Except Wed: 1800-2130

Perth to Bali

Daily except Thurs & Sun: 1000-1330

Singapore to Bali

Wed-Fri-Sun: 1915-2145

Bali to Singapore

Wed-Fri-Sun: 1530-1805

Bali to Sydney

Thurs-Sat-Sun: 2245-0625

Sydney to Bali

Wed-Fri-Sun: 1015-1430

Bali to Melbourne

Wed & Fri: 2245-0610

Melbourne to Bali

Thurs & Sat: 0840-1220

Bali to Perth

Thurs & Sat: 1330-1655

Perth to Bali

Thurs & Sat: 1815-2145

Thai Airways

Cathay Pacific

Bali to Hong Kong Malaysia Airlines

Air Paradise

Australian Airlines

Details supplied by Vayatour, Sanur. For more information please contact: Lina Suartha email: lina.suartha@ vayatour.com. Tel: +62 361 285 555 ext. 507 Ticketing Direct: +62 361 28 1144

HOT! Property Bali Summer | 11