Special Feature

Luxury holiday homes and villas in Bali by Mirah Investment & Development

By Brought to you by Mirah Investment & Development

/ EdgeProp Singapore |

July 14, 2023 4:00 PM SGT

Kiara Beachfront in Nusa Dua in Bali is a new beachfront serviced apartments project by Mirah Investment & Development.

Indonesia’s sun-drenched island of Bali has long been a favourite destination for holiday-goers, and property investors have been keen to capitalise on the popularity of holiday homes among tourists and expatriates.

Eager to attract foreign investment, the Indonesian government has implemented investor-friendly policies that streamline investing in Bali’s property market. The island is now witnessing the blossoming of new residential projects that entice an ever-expanding community of international buyers.

New and seasoned investors rely on experienced specialist developers like Mirah Investment & Development for prime luxury projects and end-to-end services that facilitate the buying process for foreign buyers.

Booming investment market

Bali’s irresistible blend of stunning natural beauty and an unmatched island lifestyle with a consistently increasing tourism industry has positioned the Indonesian island as the go-to choice for international buyers in pursuit of high-earning luxury real estate investments in Southeast Asia.

The regulatory environment has been made more favourable for foreign investors with the rollout of the newly launched Second Home Visa by the Indonesian government in December 2022. This is a new initiative to provide long-term visas allowing individuals to reside in the country for up to 10 years to increase foreign direct investment.

This visa is tailored for foreigners engaging in non-work-related activities such as investment, tourism and retirement. Additionally, it opens the door for these visa holders to sponsor their immediate family members.

In the last few years, select developers have introduced a new wave of real estate onto the shores of paradise — luxury villas and apartments with bold designs and European-standard construction not previously seen on the island, sparking interest from savvy investors eager to capitalise.

In the long-term, this bodes well for investors willing to enter the market now, as Bali’s real estate market has historically trended towards high return on investment properties, averaging 8% to 12% from rental revenue alone, with additional gains seen from the high appreciation of the asset’s value.

Industry expectations are positive with a fast-recovering tourism industry, generating high demand for short-term and long-term rentals. The island has historically seen consistently high occupancy levels coupled with a steady year-on-year increase in average daily rates (ADR).

Specialist experienced developer

Eager investors may choose to go it alone to navigate Bali’s property market and Indonesia’s ownership laws, but seasoned investors stick with specialist property developers like Mirah Investment & Development.

As Bali’s leading property developer, the company provides end-to-end services, including legal and taxation advice for its clients, facilitating a hassle-free buying and investment process. The company has decades of experience in the local market and specialises in upmarket residential and commercial real estate.

Its portfolio includes 13 property brands, and it currently has 10 projects under development, and its track record comprises the successful delivery of more than 500 properties in Indonesia. The company’s portfolio includes 11 F&B outlets and five hotels and resorts.

Two of its newest luxury projects are a beachfront serviced apartment development called Kiara Beachfront in Nusa Dua and a luxury serviced clifftop apartment project called Amali Luxury Residence in the upcoming Uluwatu region.

Amali Luxury Residences — fully-managed cliftop luxury apartments and penthouses.

Luxury serviced residences

Kiara Beachfront is a 94-apartment project comprising one- to three-bedroom units of 893 sq ft to 2,507 sq ft. These serviced apartments are built on the Nusa Dua beachfront with ocean views and direct beachfront living.

The area is renowned for its white sand beaches, clear waters, and various sports activities. The area is home to Bali’s top five-star resorts and hotels, including the Ritz-Carlton and The Apurva Kempinski.

Residents will have a choice of unit types, including typical apartments, suites, and deluxe unit varieties. For example, some of the largest units are three-bedroom apartments with stunning ocean views, with only three in the project. Two-bedroom Beach Deluxe units offer direct beach frontage, and 14 Garden Suites comprise one-bedroom units with private gardens.

The development sits on an 80,730 sq ft beachfront plot, with several fully serviced amenities such as a fully equipped gym, a business centre, a café, a beachside restaurant, a watersports centre, and two pools, including a beachfront infinity pool.

Mirah Investment & Development offers a profitable rental management programme for investors. This will feature a fully managed passive investment scheme with accumulated three-year returns from rental revenue of 36.6%. Previously, the company completed a similar project, Kiara Ocean Place in Batu Belig, and sold all 99 units within six months of off-plan sales.

A two-bedroom beachfront apartment at Kiara Beachfront.

Another new development by Mirah Investment & Development is the 106-unit Amali Luxury Residence in Uluwatu. This development overlooks Bingin Beach and Impossibles Beach, known for its shoreline with colossal waves perfect for surfing, and is perched on a cliff top. Buyers will pick from a wide range of luxury serviced one- to three-bedroom apartments and penthouses ranging from 796 sq ft to 3,670 sq ft. It will also be the first luxury serviced residence in the Uluwatu area.

Several apartments have been designed to maximise the view of the sweeping coastline, including seven three-bedroom penthouses. The rest of the units maximise the stunning unobstructed ocean and beach views. Several one-bedroom loft-style units and three-bedroom penthouses with private balcony jacuzzis are built directly into the cliff.

The development offers a full suite of serviced amenities such as a five-star concierge service, two restaurants from internationally recognised brands, a gym, spa and health facilities, and two pools, including a 68m infinity pool. The development is a few minutes away from Uluwatu’s beach clubs like Single Fin, Savaya, Ulu Cliff House, and El Kabron.

Similarly, the developer offers a rental management programme featuring a conservatively estimated average return on investment of 11.84% per year.

A trusted partner

Buyers and investors can feel assured leaning on Mirah Investment & Development’s successful track record in delivering luxury residential, commercial, and hospitality-led projects in Bali.

As the most established property development company in Bali, it utilises a stable corporate structure with a full in-house team of experts from design to legal and taxation to guide buyers through the local buying process and throughout their entire investment lifecycle.

Given the recent rollout of the Second Home Visa scheme and the strong rebound in tourism and holiday rentals throughout Bali, it is an opportune time to capitalise on the rising capital values and steady rental income that high-end luxury properties are expected to generate.

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