Luxury Balinese resort Ayana attracts attention of WA mining off-the-plan investors

Luxury Balinese resort Ayana attracts attention of WA mining off-the-plan investors
Nicola TrotmanDecember 8, 2020

The first integrated residential estate in Bali is proving to be popular with Australian investors, who join purchasers from the USA, Singapore and Japan.

Ayana Residences, a new residential complex on the grounds of the luxury Ayana Resort and Spa in Jimbaran Bay in Bali, has had particularly strong interest from Western Australian based mining industry people given their proximity to the resort location.

The 30 weekly flights a week from Perth to Bali take about the same time as the 3½ hour drive to Margaret River, 300 kilometres south of Perth. The Bali-based Elite Havens real estate agent Matthew Georgeson recently told the Australian Financial Review that 70% of inquiries from Australia came from Perth, with half involved in mining.

Apartments in the Ayana Residences range from about $US500,000 for one-bedroom through to $US1?million for two bedrooms, with rooftop and garden penthouses at around $US2.7?million.

It will consist on completion of 155 luxury apartments within a 6.5-hectare secure gated community.

Already three out of the four rooftop penthouses have sold.

One couple Adelaide who have purchased a two-bedroom unit say they consider themselves "snowbirds."

"We will escape the South Australian winter for a few months every year and migrate north to Bali for the warm weather, and when we’re not using the unit, we’ll rent it out,” the couple told News Ltd papers.

 


Located on the largest oceanfront land bank remaining in South Bali near Jimbaran Bay 10 kilometres from the airport, Ayana Residences is being marketed as offering the largest living spaces of all luxury residences in Bali, with one-bedroom units ranging from 105 to 131 square metres and the penthouses ranging from 595 to 698 square metres.

Developer PT Nusa Jaya Prima has the stated intention of seeking the quality, warmth and Balinese philosophy through its design by WATG Architects.

It will come with interior designs by P49 Design.

Bill Reed from WATG, landscape architect Dennis Selinger from St Legere Design International and interior designer Carl Almeida from P49 Deesign were all separately involved over the past 16 years in Ayana Resort and Spa, which was previously known as The Ritz-Carlton.

Owners will have their own club, Ashoka, named after the green Indian Emperor who promoted peace, love, truth and tolerance.

The resort will have two swimming pools, a 10-seat cinema, a gymnasium and library, with five hectares of botanical gardens installed by the Hong Kong-based landscape architecture and planning firm St Legere Design International Ltd, which will seek to combine modern style with the traditional concept of Tri Hita Karana, the Balinese belief of balance between man, God and nature.

Since presenting the offering to the recent 2012 Home Buyer and Property Investor shows across several Australian cities, Ayana Residences has been receiving regular enquiries from prospective investors.

Only the first stage has been released for sale so far, and almost 50% of units have sold, including the three penthouses.

"We’ve already sold many pre-launch and, outside of Indonesia, Australians are our most interested,” says Ayana director of sales and marketing Mariusz Mierzejewski.

“And the mining industry people are a particularly strong group.”

Australians can’t buy freehold property in Bali, so investments are typically structured under lease arrangements or bought on behalf of a local with the buyer retaining control in a mortgage.

The residences have fully compliant strata titles for Indonesian citizens and 70-year leaseholds for foreigners or ownership through a foreign investment company.

Craig Williams, from Elders Real Estate, Mosman has been engaged to assist Australian buyers.

Ayana has advised unlike other developers who build rental yields into their selling price, it does not guarantee yield, nor will it take on the role of rental agency.

It will provide three rental agencies for buyers to consider, after which investors are free to choose and appoint their own agency.

The yields will depend on the agency’s performance.

Nicola Trotman

With a penchant for the written word, Nicola has built a career doing just this – now Creative Director at thriving Melbourne-based PR agency, Greenpoint Media.

Editor's Picks