Bakrieland Development US$13 million in Tabanan Bali
This is a great information for Tabanan Regency in BaliProperty in Bali. Read more ... », it will growthEconomic Growth in Indonesia ?. Read more ... » the tourism investmentProperty investment in Bali. Read more ... » as well. Bakrieland Development US$13 million in Tabanan BaliProperty in Bali. Read more ... ». Bakrieland Hotels and Resorts, part of Bakrieland Development expects around Rp110 billion (US$13 million) in revenue this year from pre-sales of units at its latest planned resort in BaliProperty in Bali. Read more ... ».
The development is located in Tabanan regency ( one of the best placed for rice field view in BaliProperty in Bali. Read more ... » ) about an hour’s drive from Ngurah Rai Airport and the constructionIndonesian companies keen to join venture with Malaysian counterparts. Read more ... » of the golf suites is scheduled to start in January 2012 and be completed by January 2014.
The area around Tabanan is less developed than other areas in Bali, like Kuta and Legian and the only other developments nearby are Bakrieland’s hotel and another resort.
According to the Jakarta Globe Media, the resort’s development will cost around Rp220 billion (US$25.9 million) and the average price of units will range from between Rp1.2 billion (US$141,000) and Rp2.5 billion (US$294,000).
According to Bakrieland’s financial statement, Nirwana Bali Resort is valued at up to Rp 884.33 billion (US$104 million). The resort consists of an 18-hole golf course, 146 suites and supporting facilities such as function halls and retail stores. Bakrieland expects all units to be sold by March 2013. It will employed all the local people in Tabanan as many as Bakrieland accepted.