Despite the ongoing pandemic, Indonesia’s property sector shows an exceptionally positive market for both housing and investing, especially in Bali.
Canggu, Bali, Indonesia — Finns Bali, Indonesia’s leading lifestyle and real estate developer, announced today the presale launch of luxury smart technology apartments, to be located at Bali’s most desirable address, Berawa, Canggu. The area has become the epicentre of healthy living, with a plethora of facilities including, upmarket cafes, retail, international schools and of course Finn’s world-famous beach clubs. Finns Bali is offering a ‘Lifestyle’ unmatched by any other property development in Asia Pacific.
Bali is now officially the world’s most popular destination as voted on TripAdvisor in 2021 and having also been inducted into the Travel + Leisure World’s Best Hall of Fame.
Despite the ongoing pandemic, Indonesia’s property sector shows an exceptionally positive market for both housing and investing, especially in Bali. With the construction of 206 fully-furnished luxury apartments at Finns Lifestyle Village (FLV), Finns Bali’s continues to support the growth of Bali.
Frieder Jacobsen, Managing Director of Bali Treasure Properties is optimistic, "The property market in Canggu, particularly Berawa, has been incredibly resilient with land prices remaining steady throughout the COVID-19 pandemic. Land, villa and apartment sales, particularly off-the plan developments, have continued to boom with both new and return investors.”
Without tourists Canggu has diversified, becoming one of South East Asia’s most popular expat destinations. Freider explains, “We are experiencing an on-going demand for high quality monthly and yearly modern home rentals. With borders starting to open and tourists returning, we anticipate seeing more families, investors, retirees, digital nomads and remote entrepreneurs choosing to move part or full-time to Bali.”
School enrollment figures provide further optimism that Canggu and Berawa will continue to be a desired location for Expats to call home. "Canggu Community School felt the implications of COVID immediately with an initial drop in student enrollment by 40% from the 2019-2020 to the 2020-2021 school year" said Ben Vorborsky, Deputy Head of School at Canggu Community (International) School. "Over the course of the 2020-2021 school year, student enrollment continued to climb and starting the 2021-2022 school year we are 15% off our pre-COVID enrollment. By 2022-2023 we expect to exceed pre-pandemic student numbers and our new campus will continue to thrive".
Founded in 2009 by Australian Tony Smith and Bali-Local Ketut Subina, Finns Bali is the owner and operator of 16 renowned lifestyle brands— including Finns Beach Club, a top tourist destination for more than one million guests annually—employing more than 1,000 local staff in Canggu. The epicentre of healthy living, upmarket cafes, surfing, world-famous beach clubs and high-end retail, Canggu seamlessly blends the latest trends with rich Southeast Asian culture.
“Finns is completely invested in the future of Bali and we are excited to create a fully integrated lifestyle experience, a first for the island,” said Beau Whittington, Chief Strategy Officer of Finns Bali. “The construction of Finns Lifestyle Village is designed to keep Bali at the forefront of innovation while encouraging investment on the island. Bali is still the place you go to find freedom and tranquillity.”
Finns Bali has become an industry leader in Indonesia. “For more than 10 years, Finns Bali has worked within our community, supporting Bali’s growth into one of the world’s top hubs for tourists, expats, and digital nomads,” said I.B. Agung Partha Adnyana, Chairman, Bali Tourism Board. “We look forward to continuing our partnership with the Finns brand, particularly as the launch of Finns Lifestyle Village coincides with the Minister of Tourism’s recent announcement of plans to grant five-year visas to digital nomads hoping to relocate to Bali.”
The turn-key development of eco-friendly apartments are part of Finns’ ongoing efforts to work within the community and attract foreign investment. Each apartment will feature smart technology and stylish designer fittings throughout. With FLV, Finns Bali will create a luxury lifestyle community including state-of-the-art amenities and Finns VIP membership benefits to all Finns properties in Bali, including options for dining, recreation, beach clubs, nightlife, co-working, wellness, kids club, and entertainment venues.
“Finns Lifestyle Village is an ambitious commercial development that combines high-end apartments and all the latest lifestyle facilities for which the Finns brand is renowned,” said Richard Manseur, owner of PBM Architects, the award-winning firm designing the project. “We believe this project will be a great asset for Bali’s changing future, and PBM is very proud to be associated with it.”
The Finns Lifestyle Village (FLV) offers an exceptional lifestyle opportunity with unprecedented on-site facilities including preferential access to the World’s Best Beach Club, 170 meters of absolute oceanfront, endless sunsets, fitness, dining, co-working, wellness and retail all on your doorstep. This is island living at its best, your chance to own a piece of paradise. The ultimate work-life balance for those looking to design their life around a health and wellness community.
Prospective buyers reserve the option to use their new home as a full or part-time residence or request the assistance of Finns property management team in subletting their unit as a vacation rental at attractive rates in a market known for very high rental occupancy. A flexible structure offering owners the chance to be part of Finns Bali, providing attractive rental returns or simply enjoy a stress-free, healthy place to live.
Available under Indonesia’s leasehold system, which allows foreign investors to own property for a fixed period of time while leasing the land on which it stands, FLV’s apartments will be available to global investors under a 108-year transferable lease fully paid until 2055.