Realestate

[Balifrog]

Canggu.
And yes. Bali is expensive these days.

The prices have trebled since covid and yes the standard room is now 10jt a month. We are fully booked. And waiting list

What "much better for that price" ? It's brand new well now 2 years old with a pool and views of rice daddy etc 5 mins from the beach.

Seems you don't believe me or think I'm lying.

You live in Bali right? Rents are sky high these days.

Relax, I don't put your word at doubt. Specially when you mention Cangu, the place has gone mad....

I live in Sanur and here you can still find good deals. Inside the resort where I live a 1 br bungalow with a real kitchen goes for 8 Jt a month on a monthly base.

Still houses to be found at that or less.

But hey guys, Sanur is shiite.... stay away !

 

[Balifrog]

Biasanya, Indonesians rent kos-kosan, who work in hotels and restaurants. But their wages are around 5 juta - 15 juta.

Who are renting your rooms?
Must be tourists or WNA with kitas?

Digital nomads ? Living the life !

 

[snpark]

Remember Bali is ground zero for bloggers etc and that includes Indonesians

Lots of Indonesian girls working in Bali
Some as content creators
Some ayam
I think we have maybe 5 or 6 long term "tourists"
But all the guests are there long term
Remember they don't really have "apartments" in Bali
Villa prices now sky high

So all the Loewy ayam who stayed in Rasuna and Puri Casablanca all moved to Bali to follow the money trail and now stay in a nice kos with a pool etc

Maybe some have a gadun
But after covid so many moved
Cleaner warmer etc and more interactions with bule brondong etc in the bars or better life living in bali

If they can get a couple of guys to send them $200 a month etc that's their kos almost paid

Eat and drink for free with the bf
And shopping money for the rest

You be surprised even how many are on OnlyFans too

 

[Shadrach]

Biasanya, Indonesians rent kos-kosan, who work in hotels and restaurants. But their wages are around 5 juta - 15 juta.

Who are renting your rooms?
Must be tourists or WNA with kitas?

Obviously! Whoever thinks this is normal out of their minds!

 

[Shadrach]

Remember Bali is ground zero for bloggers etc and that includes Indonesians

Lots of Indonesian girls working in Bali
Some as content creators
Some ayam
I think we have maybe 5 or 6 long term "tourists"
But all the guests are there long term
Remember they don't really have "apartments" in Bali
Villa prices now sky high

So all the Loewy ayam who stayed in Rasuna and Puri Casablanca all moved to Bali to follow the money trail and now stay in a nice kos with a pool etc

Maybe some have a gadun
But after covid so many moved
Cleaner warmer etc and more interactions with bule brondong etc in the bars or better life living in bali

If they can get a couple of guys to send them $200 a month etc that's their kos almost paid

Eat and drink for free with the bf
And shopping money for the rest

You be surprised even how many are on OnlyFans too

Chickens! I thought they were called Kupu Kupu Malam! Bak! Bak!

 

[snpark]

2 ukraine
1 german
1 Spanish
1 UK
3 Russian
1 south African

The rest (15) all Indonesians. And I think all female too

 

[Samoerai]

Remember Bali is ground zero for bloggers etc and that includes Indonesians

Lots of Indonesian girls working in Bali
Some as content creators
Some ayam
I think we have maybe 5 or 6 long term "tourists"
But all the guests are there long term
Remember they don't really have "apartments" in Bali
Villa prices now sky high

So all the Loewy ayam who stayed in Rasuna and Puri Casablanca all moved to Bali to follow the money trail and now stay in a nice kos with a pool etc

Maybe some have a gadun
But after covid so many moved
Cleaner warmer etc and more interactions with bule brondong etc in the bars or better life living in bali

If they can get a couple of guys to send them $200 a month etc that's their kos almost paid

Eat and drink for free with the bf
And shopping money for the rest

You be surprised even how many are on OnlyFans too

You hit the jackpot, man!
Invested at the right moment and right place.

 

[Helpful Herbert]

You hit the jackpot, man!
Invested at the right moment and right place.

Anyone investing in Bali is making a one way investment. The income can be good (although there are lots of expenses too) but if you ever want to sell that's when the problems occur.

 

[snpark]

Anyone investing in Bali is making a one way investment. The income can be good (although there are lots of expenses too) but if you ever want to sell that's when the problems occur.

It broke even 2nd year, and its an operating profitable business, now using the profits to fund the construction of the next one and so on

In fact have had a few of the guys behind C*ve and R*d D**rs look at the place make an offer but my partner said no

Expenses not much really, PLN and general maintenance but its a new build, salaries come from the rent, even the owner of the land next door get a small salary as "security" to keep him happy
Land was 3b for 40 year lease
Construction was 3b
5 rooms GF left and right
6 rooms upstairs L and R

2 1bed apartments 50sqm with private kitchen

pool, communal shared kitchen, big working space, everyone gets a locked cupboard in the kitchen and there is every single appliance known to man from sandwich toaster to bread maker to sodastream machine

Since I'm an old fart unlikely to live 40 years and my partner is my friend, my deal was different in that I didnt invest to get income, I lent her the money to help her finish it during covid, so she could repay me in 3-4 years with some extra and then also my share % would return to her rather than me keep 30% and get $1,000 a month for 40 years

Better for her in the long run, I helped her and got all my money back already and extra now from the 1st one

Anyway thats Bali / Canggu

Not Jakarta where half my apartment tower is empty in mega kuningan and a decent 3 bed in Belagio can now be found for 12jt a month

2-3 years ago they were $2200 a month!

 

[Samoerai]

It broke even 2nd year, and its an operating profitable business, now using the profits to fund the construction of the next one and so on

In fact have had a few of the guys behind C*ve and R*d D**rs look at the place make an offer but my partner said no

Expenses not much really, PLN and general maintenance but its a new build, salaries come from the rent, even the owner of the land next door get a small salary as "security" to keep him happy
Land was 3b for 40 year lease
Construction was 3b
5 rooms GF left and right
6 rooms upstairs L and R

2 1bed apartments 50sqm with private kitchen

pool, communal shared kitchen, big working space, everyone gets a locked cupboard in the kitchen and there is every single appliance known to man from sandwich toaster to bread maker to sodastream machine

Since I'm an old fart unlikely to live 40 years and my partner is my friend, my deal was different in that I didnt invest to get income, I lent her the money to help her finish it during covid, so she could repay me in 3-4 years with some extra and then also my share % would return to her rather than me keep 30% and get $1,000 a month for 40 years

Better for her in the long run, I helped her and got all my money back already and extra now from the 1st one

Anyway thats Bali / Canggu

Not Jakarta where half my apartment tower is empty in mega kuningan and a decent 3 bed in Belagio can now be found for 12jt a month

2-3 years ago they were $2200 a month!

Wow, a lot of details.

 

[snpark]

Wow, a lot of details.

But not advertising before anyone claims Im breaking forum rules lol

Well its about investing, of course this is slightly different scenario for me but the concept is the same - a guesthouse or kos kostan is great business and income producing since easy and simple and cheap to build run maintain and always can be full because its your primary market
Even in Jakarta a kos is 3-4jt a month but some here can be 3 floors so you can easily get 60 rooms+

The land costs more (or maybe not) but the floor plan is the same just an extra floor or 2 in residential area
you could build one big villa or house and get $5k a week but then more maintenance and costs

usually a kos resident is long term, when they leave after a year you empty the room, paint it, put the bed and the table and the tv back in and next day its sold again

 

[jstar]

It all sounds very nice but there’s always a lot of maintenance and management involved. Nothing worse than some difficult tenants who throw pantyliners in the toilet or who -in a wanita only- secretly invite boys in their rooms.

And obviously you don’t have all the scrutiny for licenses as in the west from the fire brigade etc. but wait till a part of your building burns down…see who is responsible then.

 

[Helpful Herbert]

I'm assuming your partner/friend is an Indonesian, who owns the actual asset(s)? I've heard of so many cases where the foreigners lose in that scenario, that it is something I wouldn't go within a million miles of.

True about rents in Jakarta. And in dollar terms it's even more pronounced. I need to renegotiate my rent downwards, even though it has been at the same Rupiah level for the last 6 years.

 

[snpark]

Of course. I did mention she is indonesian
We lease the land 40years. All done officially through a PT and notary etc
We have fire alarms detectors and insurance.
Management and maintenance is easy. All western style bathrooms and toilets and drainage anyway as designed and built from scratch.
With 75% indonesian they pretty good already at using the bin not the toilet and house keeping every day too

 

[MamangDudul]

And obviously you don’t have all the scrutiny for licenses as in the west from the fire brigade etc. but wait till a part of your building burns down…see who is responsible then.

Yeah, that's definitely an "advantage" here. Don't get me wrong, Iam definitely for certain rules also concerning security but some western countries really overdo it with their rules, licenses and beaurocratic stuff. Over over regulating so to say. Everyone has to be so safe and 100% correct that not many people even dare to open any kind of business anymore.

Overall if you know how to do it and got the right spot then it's a great business. Everything has its pros and cons.

 

[scouser59]

Canggu.
And yes. Bali is expensive these days.

The prices have trebled since covid and yes the standard room is now 10jt a month. We are fully booked. And waiting list

What "much better for that price" ? It's brand new well now 2 years old with a pool and views of rice daddy etc 5 mins from the beach.

Seems you don't believe me or think I'm lying.

You live in Bali right? Rents are sky high these days.

,kos prices south bali start around 500k ,posh with ac hot water etc etc 2 to 3 juta ,

The only people who might pay more than that is some drug crazed or alcoholic Rusky mafia type

 

[pantaiema]

Digital nomads ? Living the life !

Exactly. A considerable number of digital nomads in Bali, are opting to reside in Canggu.
For digital nomads, it's a sensible choice since paying Rp10 million per month isn't as costly as other options in Bali, such as staying in a high-end hotel or paying rent in their hometown.

For LOCAL Indonesians, they might just rent temporarily while seeking a more favourable deal in property purchase or they might be working as high class Indonesian escorts to get close to the target. Other than that, in my opinion, it is naive Indonesian individuals, would consider paying Rp10 million per month for a long-term stay. With that amount, they could instead invest in a mortgage, eventually owning the property and land, which would appreciate over time.

 

[scouser59]

Exactly. Many digital Nomad are choosing to live in Cangu.
For digital Nomad paying Rp10jt per month is not that much compared to other alternatives of living in Bali. e.g living in Bali in a good Hotel or the rent they would have paid at their home town.

you dont live in bali ,so what do you or others know about costs ,here come on !

 

[snpark]

,kos prices south bali start around 500k ,posh with ac hot water etc etc 2 to 3 juta ,

The only people who might pay more than that is some drug crazed or alcoholic Rusky mafia type

That's like comparing Jakarta with Serpong

Who wants to live in South Bali? Ulu. Usa dua? Unless you work in a hotel there.

We are talking Canggu. That's where rents are trebled. And again your facts are wrong when 75% of our long stay guests are indonesia single girls. They probably making $1500-$2000 a month online from OF or creating whatever so 10jt for a new clean safe modern kos 5 mins from the beach and with a pool and security makes sense. All inclusive too.

If the rent was too high we wouldn't have a waiting list.

Covid times they shared a 2or 3 bed villa but those prices also rocketed.

Remember now the traffuck is crazy. Canggu is central. Better to spend 10jt than 1 hour in traffic from sanur or Seminyak.

 

[MamangDudul]

you dont live in bali ,so what do you or others know about costs ,here come on !

First, everyone can see prices online. Then there are a lot of places that charge a lot more for a kos in canggu than up to 3jt. Obviously you won't find the hotel workers in a kos for 10jt, doesn't mean they don't excist. All depends on the place and facility.
My niece stays at a workers (low wage) kos in canggu and already pays around 2jt. The place is not too bad but also not super nice, didn't see any swimming pool or anything else snpark describes here around. Different strokes for different folks...