ITS TIME TO STEP UP

Over the last few months (actually years) I have thought a lot about the Bali real estate market and possibilities as well as also the many challenges ranging from ownership to zoning, to build permit and so on. I have also thought of the state that our industry is on when it comes to professionalism of agents and agencies, or perhaps lack of such even though there are a few really good agents out there. I have also thought of the lack of enforcement and regulations from government and interest organizations. We are years behind other neighboring countries with no signs of waking up.

On the other hand the Bali market is as hot as ever with property transactions happening all over the place. Most of them with no in-debt understanding of risks and legalities from buyer or seller. And believe there are many pitfalls that people will wake up to with regulations step by step being pushed forward.

In this I believe there is an opportunity for us at SSI, we came from real estate and today have a great reputation for transparency and understanding of the legal challenges and risks.

We also have more than a few high end investors using us for set up and legal advice. And we operate a real estate team.

I have therefore decided that I will select a few high end ?properties that I will co-list with our team leader of real estate and move forward to market and sell. We think the benchmark of these properties, land, villas and boutique resorts is 20 billion rupiah and up. Or about 1,3 million USD.

We will make sure that the property do qualify to go to market, and support to iron out any possible issues ranging from ownership, to build permits and zoning so that this can be explained to a buyer in a transparent way prior to due diligence.

We will provide a buyer with a PT PMA set up to purchase the property all in compliance of Indonesian law. Some also may want to use the second home option recently released by the Indonesian government.

Our aim is to sell high end villas, land and boutique resorts free of any issues to a large potential market abroad.

With that we have identified some mayor partners that will support us in this process bringing various properties to the market.

One of them is Concierge Auctions owned by Sotheby’s.

Concierge Auctions is the largest luxury real estate auction marketplace in the world with 90%+ market share and the most comprehensive database of high-net-worth property connoisseurs on the planet.

?They understand the traditional real estate model has limitations and want to support us and you in selling. Their strength is to ?match sellers of one-of-a-kind properties with the world’s most capable buyers via a state-of-the-art digital marketing, property preview, and bidding platform.

For buyers this means:

-?????? Direct access to incredible deals.

-?????? State of the art digital marketing property preview & bidding platform

For sellers this means:

-?????? Exponential reach, speed & Certainty

-?????? Most comprehensive database of high-net-worth property connoisseurs.

Any agent can actually bring properties to them, but our advantage is the understanding of the legal complexity to take a property to auction. Pre-due diligence, inspection reports and a legal instrument to make sure once the auction has a successful winner of the bidding rounds its tied up and good to go.

Their ?award-winning team is recognized as a cutting-edge global force, and has garnered global recognition from: Who’s Who in Luxury Real Estate, USA Today, National Auctioneers Association, The Telly Awards, Inc. 5000, Inman News, Entrepreneur 360 List, the Financial Times, and more.

?How ever some properties may not be fit for an auction or a seller for what ever reason do not want to go to an auction, and that’s ok, we can still help to market and sell. And for that we have chosen a partner to help with a good regional and international reach.

?Williams Media

?Williams Media are a publisher and developer of digital products that aims to reshape the property industry.

By building a network of niche community portals and linking these with innovative listing and media hubs, they redefine property transactions for vendors, agents, occupiers and buyers worldwide.

Their network of portals allows global traffic to connect with local markets and keep up to date with international real estate news and transactions.

With 20 publications covering 28 countries and? millions of ?newsletters monthly, their audience and voice is growing daily.

Some of our partners wanting to list and sell may have a need to review and underwrite their financial performances so that a sophisticated buyer can trust the business expectations from their investments.

?Some buyers may want to do an F/S on a boutique resort or larger villa to make sure their investment makes sense.

?For that we have partnered up with Ross Woods.

?Ross Woods is an experienced hotel investment advisor with over 30 years of global experience in hotel asset management, portfolio management, and hotel advisory services. Known for his collaborative-based consulting style that integrates a high level of strategic and analytical expertise, his “smarts” are sought by clients to solve complex issues, make better decisions and realize the highest risk-adjusted investment returns.

?His clients include banks, private investors, REITs and hotel management companies in the United States, South East Asia, Australasia, Europe, and Dubai.

?He has pioneered the use of quantitative decision and productivity techniques. He has extensive experience in applying quantitative risk analysis and management techniques to existing and proposed hotels as well as hotel portfolios.

?Ross is Founder and CEO of Hotel Investment Strategies. The firm’s services include the design and execution of investment strategies, asset allocation, diversification, asset selection and execution, asset management and performance attribution. The firm also provides transactional and due diligence advisory services and assesses the portfolio implications of acquisitions and dispositions.

?Previously Ross was Director, consulting, at PricewaterhouseCoopers, New York, and Vice President – asset management of 20 hotels, Prudential Real Estate Investors, New Jersey. Ross is an Adjunct Professor at New York University and has taught courses in statistics and quantitative analysis.

?Ross is today based in Jakarta Indonesia.

?Last but not least Seven Stones Indonesia, your partner in growth has its own extensive and growing databases, large team of legal advisors, tax consultants and much more.

?A total understanding of Indonesia and Bali’s legal challenges and how to deal with them. From both buyers and sellers perspective.

?With this I am actively searching for high end property owners, villas, boutique resorts and ?only land is also fine, that would like to learn more about this process and opportunities.

?If you know anyone interested please share this article or give them my details.