The Real Estate Agent | Bali Property - 0 views

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  #1 Ties Knowles on 28 Jul 12

   

  The ever rising number of foreign visitors-and domestic tourists-who came to Bali had prompted developers to continue building hotels, villas and condominium ho­tels (condotel) on the island. One of them was Metropoli­tan Land Tbk (Metland) which held an IPO last month. Then Metland immediately planned made plans to build several new property projects including the Horison Seminyak condotel, build in the middle of the Double Six beach tourist crowd that claimed so eagerly awaited cunsumer.
  
  The 3-star hotel is the first strata-title condotel ever built by Metland. It said that 3-star hotels in Bali still have very good prospects because the number of tourists visiting the island has continued to rise from year to year.
  
  The plan is that the four-story condotel will occupy about 2,400 sqm of land with a total of 156 rooms. The building itself will be 7,100 sqm. Metland will invest a total of Rp88 billion in the hotel project and its construction work is scheduled for completion by end 2012. Project funding will partly come from Metland's IPO proceed.
  
  Metland's business expansion to the condotel sector in Bali will surely increase condotel market competition on the island which has become quite tough at the mo­ment as some developers have started to develop similar projects in the area. They include Gapuraprima Group which has teamed up with Sun Motor Group to build The Sun Heritage Condotel@Sunset on Kuta Sunset Road with an investment no less than Rp 150 billion. Others are Bina Propertindo Group which is developing Watu Jimbar condotel in Sanur, Bali, PT Total Camakila Development which is building Ramada Hotel Suite Sakala condotel in Tanjung Benoa, Bali with US$40-50 million investment. Still, many other developers have expanded their property busi­ness to Bali.
  
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  <div class="cArrow"> </div><div class="cContentInner">The ever rising number of foreign visitors-and domestic tourists-who came to Bali had prompted developers to continue building hotels, villas and condominium ho­tels (condotel) on the island. One of them was Metropoli­tan Land Tbk (Metland) which held an IPO last month. Then Metland immediately planned made plans to build several new property projects including the Horison Seminyak condotel, build in the middle of the Double Six beach tourist crowd that claimed so eagerly awaited cunsumer.<br /><br />The 3-star hotel is the first strata-title condotel ever built by Metland. It said that 3-star hotels in Bali still have very good prospects because the number of tourists visiting the island has continued to rise from year to year.<br /><br />The plan is that the four-story condotel will occupy about 2,400 sqm of land with a total of 156 rooms. The building itself will be 7,100 sqm. Metland will invest a total of Rp88 billion in the hotel project and its construction work is scheduled for completion by end 2012. Project funding will partly come from Metland's IPO proceed.<br /><br />Metland's business expansion to the condotel sector in Bali will surely increase condotel market competition on the island which has become quite tough at the mo­ment as some developers have started to develop similar projects in the area. They include Gapuraprima Group which has teamed up with Sun Motor Group to build The Sun Heritage Condotel@Sunset on Kuta Sunset Road with an investment no less than Rp 150 billion. Others are Bina Propertindo Group which is developing Watu Jimbar condotel in Sanur, Bali, PT Total Camakila Development which is building Ramada Hotel Suite Sakala condotel in Tanjung Benoa, Bali with US$40-50 million investment. Still, many other developers have expanded their property busi­ness to Bali.<br /><br /><a href="http://casablancarealty.co.id" rel="nofollow">real estate agent</a></div>

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