INTERNational Listings
BALI
umalas signature project
FEATURES INCLUDE:
Panoramic Views
MODERN DESIGN
maximum amenities
SMART technologies
Investing in the Umalas Signature project!
For Sale by Expression of Interest
Expected Project Completion Date: May 2023
- An exceptional investment opportunity with proven high return and low risk in a highly sought-after tourist attraction!
- Lease Hold a property of your choice for up to 99 years
- (Approximately 6.2 million tourists visited BALI in 2019 prior to COVID)
Note: Please also refer to the information outlined in the brochure titled: “Property ownership in BALI”
One Bedroom Apartment
This Investment opportunity includes the below mentioned points of consideration:
1. About the Developers
SAMAHITA UMALAS PRASADA The above mentioned company (Samathita group) are the developers of the Umalas Signature project.
About the Project
The land which occupies the project belongs to an Indonesian owner and the project belongs to the above-mentioned developer.The developer leases the land from a private landlord for the purpose of developing the project. The developer then has the right to develop the project commercially and sublease each of the apartment comprising the project to investors.Each apartment which is offered for lease hold sale under this project has a different owner/landlord.
2. Project’s Location:
This stunning project is located in the center of Bali’s gold triangle – Brawa, Seminyak, Kerobokan. The area of Canggu was rated by Forbes magazine as number 4 in the world for investment and living. Centrally positioned only 5 minutes’ drive from the Indian Ocean and the famous beach clubs. Surrounded by dozens of trendy cafes, shops only a short stroll away.
3. Complex Infrastructure:
The project offers 5 x star hotel amenities for its investors. Inclusive of:
- Rooftop pool,
- Fully equipped gym,
- Pool bar,
- SPA co-working areas
- Meeting rooms,
- Playground,
- Yoga studio,
- Commercial units,
- Golf simulator,
- Cinema, Restaurants
4. About the Apartments Forming Part of the Project
- Currently, there are 1& 2 bedrooms available
- All the units on offer come fully furnished with modern and tasteful holiday style furnishing which is certain to appeal to tourists, (no need to pay extra for furnishings)
5. Who are the parties to the Leasehold agreement?
Investing in the project offers a likely/expected high return on investment (ROI) and great capital appreciation On average the expected generated annual yield is 11-15% The expected capital appreciation after completion is 25-35% per annum (Refer to the attached expected ROI calculation for 1 & 2 bedrooms)
6. ROI & Capital Appreciation
The contract of the Leasehold Agreement is executed between the Lessor (an Indonesian citizen) and the investor- Lessee (the investor acquiring the desired property under the terms of a Leasehold agreement).
7. Expected Occupancy Rate
A popular tourist attraction with an estimated 80% to 90% full occupancy per annum.
8. Investment Payment of the Acquired Property
- USDT (United States Department of the Treasury) CRYPTO is ACCEPTED
- Payment currency are to be paid in US dollars only
- Properties prices are fixed and are not negotiable
- Affordable payment options with flexible payment terms. Payment terms plan
- Typically, within 12 months from the exchange of contracts date, unless the completion date of the project falls prior to the 12-month’s term. In this instance, the settlement date and the expectation for all outstanding monies to be paid will fall on completion of the project (settlement)
- a. Booking fee
- $1,000 US dollars (this fee reserves the property for 14 days under the investor’s name in preparation to transition to an exchange of contracts
During the 14 days period the Investor will receive a draft contract. Upon being satisfied that the terms and conditions of the contract are agreeable, the investor will sign an MOU (Memorandum of Understanding) and pay a 30% of the purchase price as a down payment in order to cement the phase of securing the deal with a formal Exchange of contracts.
Note: the holding deposit will form part of the 30% down payment
c. Balance of 70% of the purchase price
The balance of money owing till settlement forming the remaining 70% of the purchase price is to be paid over a period of 12 months, with payment terms mapped to the agreeable terms and conditions of the agreement (set and agreed upon during the 14 days period)
However, typically the balance is paid in the following manner:
1 x periodic payment of 30% midway of the project (For example, after 6 months from the contract date has expired(On specifications, and in line with terms and conditions of the contract this payment can be mapped to the project’s milestone progress reports to ensure the construction is indeed on target)
2nd and final periodic payment (Balance) on settlement
The balance of money owing till settlement forming the remaining 70% of the purchase price is to be paid over a period of 12 months, with payment terms mapped to the agreeable terms and conditions of the agreement (set and agreed upon during the 14 days period)
However, typically the balance is paid in the following manner:
1 x periodic payment of 30% midway of the project (For example, after 6 months from the contract date has expired(On specifications, and in line with terms and conditions of the contract this payment can be mapped to the project’s milestone progress reports to ensure the construction is indeed on target)
2nd and final periodic payment (Balance) on settlement
9. Other Hidden Costs
- Stamp duty tax equates to 11% of the purchase price, Plus a 1% Notary fee.
- A notary fee is a contract registration fee in the Government Office.
- Total an additional 12% of the purchase price. To be paid on settlement.
10. Management of the investment property in BALI
Management fees (optional)
Should an investor chose to have the property managed by The Umalas Signature project team the management fee is approximately $ 150 USD per month inclusive of all services If the investor will choose to have the property managed, then upon nomination it can be resumed directly on settlement. In this instance, the management company whom is the developer, (Samahita Group) will take over any aspect of the maintenance and management of the investment property. Relevant information attributed to management terms and conditions by the Samahita group will be handed over on settlement for review and approval of the investor
Should an investor chose to have the property managed by The Umalas Signature project team the management fee is approximately $ 150 USD per month inclusive of all services If the investor will choose to have the property managed, then upon nomination it can be resumed directly on settlement. In this instance, the management company whom is the developer, (Samahita Group) will take over any aspect of the maintenance and management of the investment property. Relevant information attributed to management terms and conditions by the Samahita group will be handed over on settlement for review and approval of the investor
11. Environmentally sustainability & high technology features Built by reputable and experienced local builders
All of the apartments are equipped with a smart home system that provides full access for remote control of home devices and the tracking of rental processes. It may be utilized by investors by a simple download of a mobile application which can be accessed 24/7 and from anywhere in the world
12. Management/landlord‘s Insurance
In instances where the management of the asset is handed over to the Umalas Signature project team/developer to be managed (find a tenant and oversee the management), there is an insurance in place to protect the asset from any unforeseen risks. Should the investor opt to manage the acquired asset, then it is highly recommended for the investor to obtain landlord insurance.
13. There is a “Buyback” option from the developer after 5 x years (terms & conditions apply)
This option (this is not a guarantee) may be exercises by opting to sell back the investment property lease hold to the developer after 5 x years have expired.
In this instance, the buyback guaranteed option is calculated based of the yearly lease amount (of the initial 43-year term) net of any capital appreciation which may have occurred over the 5-year period.For example, let’s refer to the following scenario:
Purchased price is 155,000 USD with an initial lease period of 43 x years in the UMALAS Signature project. Breaking down the 43 years into a yearly payment equates to: $3,604 USD
The calculation of the 5 years payback will work on the basis of 3,604 x 5 years = $18,023 USD This amount will be deducted from the original purchase price (155,000 USD) Equating to the balance of $136,977 USD.
Therefore, if the buyer wishes to exercise the pay pack option the amount of $136,977 will be refunded to the buyer.
In this instance, the buyback guaranteed option is calculated based of the yearly lease amount (of the initial 43-year term) net of any capital appreciation which may have occurred over the 5-year period.For example, let’s refer to the following scenario:
Purchased price is 155,000 USD with an initial lease period of 43 x years in the UMALAS Signature project. Breaking down the 43 years into a yearly payment equates to: $3,604 USD
The calculation of the 5 years payback will work on the basis of 3,604 x 5 years = $18,023 USD This amount will be deducted from the original purchase price (155,000 USD) Equating to the balance of $136,977 USD.
Therefore, if the buyer wishes to exercise the pay pack option the amount of $136,977 will be refunded to the buyer.
14. “On selling” the leasehold privately to another buyer
Investors can at any time after settlement “on sell” their investment to another interested party at an agreeable price of choice and acceptable terms and conditions.
Expression of interest - Bali
Click on the button below to download and fill out the Expression of Interest form.
Frequently Asked questions (faqs)
1. Can I own real estate in Bali?
- According to Indonesian law, a foreign resident cannot purchase real estate property.
- However, it is permitted for a foreigner to acquire real estate under a Leasehold agreement This type of land acquisition is commonly used in Britain & Southeast Asia. The lease agreement is classified as a notarial contract, which is legally enforceable and signed at the notary.
- A notarized document is one that has been certified by a justice of the peace (JP) or a Notary Public. In this instance, the public official will verify the investor’s identity, and then stamp the document with a seal for approval of authenticity.
- For the duration of the lease the investor maintains full leasehold title.
- However at any point during the ease, the investor may onsell the asset in the same manner to another interested party with a likely capital gain net profit.
- Owning a property under this contract is absolutely safe. Even locals enter into leasehold agreements to aquire property in this manner.
- Productive land in BALI is in great demand and is very scarce. Due to land scarceness, according to recent statistics, 90% of all transactions are completed under a long-term lease agreement (Leasehold). Tourist areas already built occupy the vicinity of 90% of the land, and it is very rare to come across a willing seller of their land.
- Leasehold is therefore a popular, legal, and accepted method for investors to enjoy the benefits of the land (both, in terms of personal use and capital gain) in a prime tourist attraction location with an affordable dollar entry.
2. How long is the Leasehold contract for?
The investor will enter into a Leasehold agreement with the respective landlord of the property offered under the Umalas Signature project for a total of 43 x year’s lease.
However, at the end of that period of 43 years, investors may opt to extend the lease contract for another 30 years, and then furthermore, up to a maximum period of 99 years in total (subject to terms) if required
However, at the end of that period of 43 years, investors may opt to extend the lease contract for another 30 years, and then furthermore, up to a maximum period of 99 years in total (subject to terms) if required
3. Can lease holders use the property for their own personal use each year?
Yes, in instances of management, this option is available and can be discussed with the property managers. Once explored and identified, the duration of the time required to holiday (annually or otherwise) may be tailored to the investor’s requirements and specifications If the investor is managing the property themselves, they will set their own rules.
4. What happens at the expiration of the lease?
At the expiration of the lease, the apartments will go into the possession of the landlord. The investor will have first/priority right to extend their lease hold ownership for another 30 years.
5. How does the purchase process work?
There are two ways to buy a property: locally or remotely.
For overseas buyers such as in Australia In order to buy a property, you do not need to come to Bali. Currently, 95% of all deals are done remotely.
Once the investor decides to go ahead, he/she is required to register their interest with respect to the desired property on offer and its availability and cement that decision with a holding deposit of $1,000 US dollars. From there onwards, the entire process will take approximately 2 days. The investor will receive all the original documents necessary to complete the leasehold transaction in hand. During the reservation period (up to 14 days) the investor will enter into an exchange of contracts with a down payment of 30% of the purchase price.
For overseas buyers such as in Australia In order to buy a property, you do not need to come to Bali. Currently, 95% of all deals are done remotely.
Once the investor decides to go ahead, he/she is required to register their interest with respect to the desired property on offer and its availability and cement that decision with a holding deposit of $1,000 US dollars. From there onwards, the entire process will take approximately 2 days. The investor will receive all the original documents necessary to complete the leasehold transaction in hand. During the reservation period (up to 14 days) the investor will enter into an exchange of contracts with a down payment of 30% of the purchase price.
6. How can an apartment of choice be reserved?
- a. The investor will identify and confirm the apartment of choice
- b. An SI realty representative will send you the expression of interest document to be completed and returned in order to reserve the property and take it off the market.
- c. Booking/reservation fee
- $1,000 (USD) is required as an initial expression of interest form to reserve the property for a fixed price and for a period of up to 14 days.
- Paid to:
- Bank account details;
- Account name: SI Realty
- BSB: 062 238
- Account number: 1015 8334
- Ref: BALI and your name
- Expression of interest form
- As part of the reservation process investors are expected to complete the form and then email it back for processing to:
- si_realty@yahoo.com.au
- The reservation/booking fee is to be paid to SI Realty bank account until such time as an exchange of contracts takes place (at that stage the money will be released to the developers in Bali who will issue you with a receipt, and it will form part of the 30% deposit)
- The booking fee payment will be registered instantly upon receipt. (It takes only 10 minutes).
- The company will then send the investor a confirmation of the booking fee payment.
- Booking fee refund policy
- If for any reason during the 14 days period, the investor changes his/her mind about entering into a Leasehold agreement with respect to the property, then the booking fee amount will be refunded in full without any deductions within the allocated 14 days period.
7. How to enter into a Leasehold agreement – “Memorandum of understanding” (MOU) with respect to the property without coming to Bali, and how safe is the process?
Safety The process is fully regulated and hence it is absolutely safe and legal.
The process of entering into the leasehold agreement and securing the deal is as follows: During the 14 days period ( booking/reservation fee) The Company will send investors a draft contract for review by a nominated solicitor (you may appoint a local solicitor in Bali and or if you have your own solicitor locally you may choose to have it reviewed by them also)Once there is an agreement with respect to all the terms and conditions, then a company’s representative will sign the original document together with a copy of the original will sent to the investor’s nominated address (solicitor) by DHL to expedite the exchange process and maintain the required tracking of the contract.
Payment of 30% of the purchase price down payment The company (Umali’s Signature) will invoice the investor for the first payment, being 30% of the purchase price. After receipt of the above-mentioned payment, the company will send a document confirming that the money has been credited.
Additional payments of the balance outstanding (remaining 70% of the purchase price) The balance of the money owing is to be paid within 12 x months with the breakdown itemized in the contract. Future periodic payments will be in accordance with the contract’s terms.
USDT (United States Department of the Treasury) CRYPTO is ACCEPTED
Note: All payments (excluding the booking fee) will be paid to:
Account name: PT SAMAHITA UMALAS PRASADA Swift code: CENAIDJA Bank: BCA Account number: 284-777-377
The process of entering into the leasehold agreement and securing the deal is as follows: During the 14 days period ( booking/reservation fee) The Company will send investors a draft contract for review by a nominated solicitor (you may appoint a local solicitor in Bali and or if you have your own solicitor locally you may choose to have it reviewed by them also)Once there is an agreement with respect to all the terms and conditions, then a company’s representative will sign the original document together with a copy of the original will sent to the investor’s nominated address (solicitor) by DHL to expedite the exchange process and maintain the required tracking of the contract.
Payment of 30% of the purchase price down payment The company (Umali’s Signature) will invoice the investor for the first payment, being 30% of the purchase price. After receipt of the above-mentioned payment, the company will send a document confirming that the money has been credited.
Additional payments of the balance outstanding (remaining 70% of the purchase price) The balance of the money owing is to be paid within 12 x months with the breakdown itemized in the contract. Future periodic payments will be in accordance with the contract’s terms.
USDT (United States Department of the Treasury) CRYPTO is ACCEPTED
Note: All payments (excluding the booking fee) will be paid to:
Account name: PT SAMAHITA UMALAS PRASADA Swift code: CENAIDJA Bank: BCA Account number: 284-777-377
8. What privileges does the investor receive with a Lease hold agreement in Bali?
There are no specific privileges either than the enjoyment of your newly acquired assets. However, it is worth noting that Bali has a relatively easy visa regime and one can reside in it for up to 6 x months without leaving the country. In instances where one wishes to extend the time beyond the 6 x month’s period one may opt to fly out of the country and then return back in the same day
9. Can I, the investor bequeath (leave the property to a person or other beneficiary in a will) my leasehold real estate acquisition?
Yes. When the investor will enter into a contract, he/she can immediately appoint the respective heirs/ beneficiaries.
10. When will the registration and transfer of the property to the investor take place?
- It will take place within 30 x days of settlement subject to;
- Receipt of the full outstanding settlement fee amount (as specified in the contract) and
- Completion of the project’s construction process.
- Once both the above have been satisfied, the developer will be ready to proceed with the registration of the property with the notary under the Leasehold contract.
11. What else is included in the Leasehold price?
Apartments are sold on a turnkey basis. The price of the apartments includes finishing and furniture.
Note; the terminology “turnkey” basis means that when a builder advertises a turnkey home, the price they are advertising will include absolutely everything that the investor and family will need to turn the key and move in once the property is complete)
Note; the terminology “turnkey” basis means that when a builder advertises a turnkey home, the price they are advertising will include absolutely everything that the investor and family will need to turn the key and move in once the property is complete)
12. How is SI Realty Pty Ltd (SIR) involved in this process
SI Realty stands for Sydney International Realty SIR is an Australian registered real estate agency/company dealing with the selling and buying of real estate. Our client base comprises of both: local and international buyers In this offering, SIR is acting as a middle negotiator (for fee for service) with respect to any successful introduction of its client to the Umalas signature project. SIR, believes the opportunity is credible and secure and hence, has entered into a legally binding agreement with the legal representatives of Umalas Signature project to facilitate the introduction of the project’s opportunity and the multiple benefits to its clients.
SI Realty Pty Ltd DISCLAIMER
SI Realty Pty Ltd (SIR) is not a law firm and does not provide legal advice. Only a solicitor/conveyancer/barrister can provide legal advice. No solicitor/conveyancer/barrister-client relationship is created by the recommendation of the Umalas Signature project to SIR clients
All information and advice contained in the information provided (which was obtained by Si realty Pty Ltd from the Umalas Signature legal representatives) to SIR’s clients may omit factors that could be pertinent in some cases.
Therefore, such information and advice are provided without responsibility, warranty, guarantee, or holding out, either expressed or implied. Persons or companies acting or refraining from acting, because of such information or advice, do so at their own risk.
SI Realty Pty Ltd disclaims responsibility or liability for any direct or indirect, incidental, special, exemplary, or consequential damages whatsoever, whether in contract, strict liability, or tort (including negligence or otherwise) arising in any way out of the introduction of the project and the information provided to clients.
SI Realty Pty Ltd (SIR) is not a law firm and does not provide legal advice. Only a solicitor/conveyancer/barrister can provide legal advice. No solicitor/conveyancer/barrister-client relationship is created by the recommendation of the Umalas Signature project to SIR clients
All information and advice contained in the information provided (which was obtained by Si realty Pty Ltd from the Umalas Signature legal representatives) to SIR’s clients may omit factors that could be pertinent in some cases.
Therefore, such information and advice are provided without responsibility, warranty, guarantee, or holding out, either expressed or implied. Persons or companies acting or refraining from acting, because of such information or advice, do so at their own risk.
SI Realty Pty Ltd disclaims responsibility or liability for any direct or indirect, incidental, special, exemplary, or consequential damages whatsoever, whether in contract, strict liability, or tort (including negligence or otherwise) arising in any way out of the introduction of the project and the information provided to clients.
BALI
Magnum Residence Sanur
Features include:
luxury Ocean views
beautiful promenade
beach front access
Luxury Interior design
BROCHURES
investing in MAGNUM RESIDENCE SANUR
- The complex is located on the Sunrise side of the East Coast of Bali.
- THIS IS THE ONLY PROJECT WHICH GIVES YOU THE POSSIBILITY TO BUY FIRST LINE PROPERTY IN BALI, in an area that's perfect for living!
- Real luxury apartments with no analogues on the whole island of Bali.
