Indonesian Real Estate Expert Predicts Huge Increase in
Demand and Prices for Select Properties in Jakarta, Bali, and Lombok
This Year Improvements
in the World Economy and Proposed New Foreign Ownership Laws are
Setting the Stage for the Largest Run up in Demand and Prices in
History. Jakarta/Bali, Indonesia (
PRWEB)
March 30, 2010 -- According to 13 yr Bali resident and real estate
expert Lawrence Bellefontaine director of the 140 strong PT. B.A.L.I. “
the stage is set for the largest increase in prices for properties that
are attractive to foreigners in Jakarta, Bali and Lombok”.
Bellefontaine has had an uncanny track record of predictions for
real estate trends in Indonesia and worldwide over the past 10 years.
He was one of the first pioneers of the investment villa market in Bali
in 2002 when he copyrighted © Bali Luxury Villas. Thereafter a three
bedroom villa with pool rose from $147,000 over 100 % to $295,000 in
just seven years or 14.2 % per yr. Owners who rented their villas to
tourists also received an additional 5% to 15% per yr.
He say's’ “Considering over the last decade we had a very unstable
Government and then two major bombings which were public relations
nightmares it amazing that prices never dropped and continued to show
handsome returns”.
His company stopped developing in 2008 when he predicted a worldwide
recession and real estate collapse. Now he predicts “with the recession
over and Asia becoming the powerhouse of the world the time is ripe for
another major bull market”.
The primary demand for Bali and Lombok real estate in the past has
been from tourists. As he often states “Bali real estate demand is
directly proportional to tourist demand”. Although the rest of the
world suffered severe downturns in tourism the last few years Bali has
enjoyed record tourism with a 14 % increase last year alone. He
estimates “tourism this year will grow by 15 % to 25 %”.
Bellefontaine has just turned bullish on southern Lombok real estate
for the very first time. He cites the fact that “a brand new
international airport is opening this year in an area that is two hours
form Sengigi”. He believes that “Southern Lombok’s pristine beaches
only one hour from the airport will be the “Next Bali” and investors
who buy prime beachfront properties for as little as $79,000 will
double and triple their money in the near future.
He cites several new demands coming into the market right now. First
and foremost is the 24% of the population born between 1946 & 1954
called the Baby Boomers. Demand from Boomers in Australia, Singapore,
Jakarta, Japan and Korea has increased substantially recently as they
approach retirement and are looking for a second home or full time
retirement in a low cost, sunny safe oasis such as Bali and Lombok.
The baby boomers and tourists will see © Bali Luxury Villas selling
for as little as $99,000 and beachfront estates staring at $159,000 as
a real bargain at 50 % to 70% discounts from other popular tourist
islands.
Finally he believes that pending real estate law changes allowing up
to 90 year foreign ownership will cause a several hundred percent
increase in demand and prices for specific Condominiums and Apartments
in Jakarta and other Indonesian cities.
In conclusion he states, “In the 13 years I have lived here I have
seen the country go from a dictatorship to an unstable government and
finally to a strong democracy. Indonesia with its abundant natural
resources and huge inexpensive labor source has the potential of being
one of the most powerful economies in the world this decade. This
prosperity will generate new demands for luxury accommodations which
will make those that invest early unbelievable profits.
Mr. Bellefontaine will be speaking at series of free seminars in
Jakarta and Bali over the next two weeks. Free Bali Seminars will be
held in Sanur Sat. April. 3rd. 2.00 pm –3.00 pm. or Tues. April. 6th.
6.30 –7.30 pm. Free Jakarta Seminars will be held at Jakarta Le
Meridien Hotel: Thurs. April. 8th. 6.30 - 7.30 pm or Saturday. April.
10th. 2.00 pm – 3.00 pm. Attendance is by reservation only. Call
62-361-284069, or SMS +628123814014. Or Email seminars(at)ptbali.com.
All information above is deemed reliable but not guaranteed.
http://www.prweb.com/releases/2010/03/prweb3801414.htm 
Wed Mar 31, 2010 10:46 am