Editors Comments:
I thought I would share with you my predictions for Bali for the first half of 2002 which are our 100% accusrate.
Also I want to explain why I believe recent government decisions regarding "Special Economic Zones" in Sanur including medical tourism may create the "Hottest Rental and Sales Market in History" in Sanur
Here are major excerpts from our First Half 2002 Report to the Owners of our PT. Bali Luxury Villas
Attn: Owners of Leases for Bali Emerald Villas
Tuesday, August 9, 2022
We hope all is well with you and your families and that either you have visited us recently or have a visit planned so we may meet again in person.
In this First Half 2002 Update:
1. 100% accurate on 2022 Predictions
2. Prediction of 70 % of Normal Occupancy Came True
3. G20 Conference Godsend in Nov.
4. Sanur designated as special economic zone.
5. Sanur Real Estate is the Hottest in 23 years:
100% accurate on 2022 Predictions
I am happy to say that I have achieved what even I could not believe. 100% accuracy on my ten predictions I made at the beginning of the year regarding the pandemic, stock markets real estate markets in Australia etc. and especially return of international tourism Bali.
Frankly International tourist arrivals and rentals occupancies have been even better than I expected for the first month when the international airport opened.
I was surprised with 73% occupancy of the villas that we have under management.
This is right up there with the best years ever.
It certainly caused major pressure on us to bring everybody back to full working conditions.
Wife, Partner, Notaris Azizah |
Many testimonials about poorly run or poor conditions at hotels and villas are all over social medias.
Not only did we survive but thanks to my spouse and Partner Azizah we obtained the CHSE certificate from the Govt which at the time we received it I was told there was only 1 Villa Complex in Sanur that had it.
I have been saying for the last two years as soon as those international gates opened demand especially from Australia would be better than most expected.
I was surprised when June
dropped back to below normal as news of flights costing 50 % to 150% more than
pre-pandemic and long waits at airports keep travelers from coming here.
The US dollar that is 10%
20% higher than before the Russian invasion also is taking a toll.
Last month there was plenty
of news on the Australian press about hoof and mouth disease and the
possibility that the Australian government would close the borders to anyone
from Indonesia. That did not come to fruition. Thank God.
Prediction of 70 % of Normal Occupancy Came True:
Back in January I predicted that we would have 70% of normal occupancy by July and 110% in December.
In July 2019 before the pandemic, we had 84% occupancy. Seventy percent of 84% would be 59%. We enjoyed 62 % Occupancy in July therefore I am happy to say that my prediction of 70 % of normal July occupancy came true.
Slow Down in August:
I am not sure what is happening in August but there has been a slowdown.
The constant Australian press headlines about hoof and mouth disease in Bali and rising COVID-19 cases is causing some change of travel plans.
G20 Conference Godsend in Nov.
I am not
worried because in a few months we will have leaders of the greatest twenty
nations in the world come to Bali with tens of thousands of entourages, press
etc.
Every hour on CNN the world will catch views of Bali on CNN, BBC, and most major international and local Networks.
This will be the best publicity for Bali so far this Century.
“Best publicity for Bali so far this Century”
Although were not expecting a huge number of rentals from the G 20 I do expect that they will fill up all the hotels in Nusa Dua and Southern Bali. That will push potential renters from those hotels into our areas.
Sanur Real Estate - Hottest in History:
Anybody that has ever attended one of my seminars, listened to my radio program or read my blogs is well aware that I have been saying “Bali real estate is demand is directly proportional to Bali tourist demands”.
“Bali real estate is demand is directly propotional to Bali Tourist Demand"
I have also been predicting that Sanur would be the place that a percentage of 25% of the population of the world that are Baby Boomers would live.
I named our first Villa Complex Golden Villas because of the Golden Age people who would be attracted to them.
Right now, we only have one villa for rent in the whole of the Golden Villa complex.
The rest are owned or occupied full time by Baby boomers from around the world.
Sanur designated as Special Economic Zone.
Just a little over a week ago Pres. Jokowi the President of Indonesia announced here live that over 40 Hectares of land including the Grand Bali Beach Hotel will be designated as a Special Economic Zone
What is really exciting is that this special economic zone is within walking distance of our three Bali Luxury Villas complexes
It will be mostly used for medical tourism, primarily for the elderly from around the world.
Boomers from around the world will come here and be
treated for everything from a facelift to cancer treatment at a fraction of the cost in their country.
The famous Mayo Clinic has decided to be part of this complex.
Everybody wondered if it would really happen.
If you drive by there right now you will see buildings going up like crazy.
I am sure they want to show this economic miracle to G 20 leaders and associates when they come here.
Biggest Real Estate Boom in Sanur History:
I have been predicting for years that there would be a real estate boom in Sanur from Baby Boomer Demand.
It is happening right now.
I have never seen more demand for Sanur Villas, Homes and even million-dollar 100-million-dollar hotels than in my 23 years living here.
For example, yesterday I had a call from one contact who has an owner from Jakarta looking for a hundred million dollar plus hotel in Sanur.
Later that day I had another contact call me and tell me that he would like to share with me a development plan that is taking place on the Southern Beach of Sanur which will include hundreds of beachside expensive villas and a first-class marina. Boomers Moving from Crazy, Gridlocked Southwestern Areas
Then just last few days ago during a private Bali Hai cruise one person after another told me that they want to move away from Canggu, Kerobokan and even Seminyak because it has just gotten crazy over there with grid lock traffic and a dramatic rise in crime.
Some of our Villa owners are reporting extraordinary rental prices right now for long-term rentals.
I am receiving one or two requests every week for long-term rental villas.
Couple with that there has been a large number of improvements in Sanur restaurants, grocery marts etc. and Sanur is the place to retire as I predicted.
I personally along with a bunch of seniors have been playing tennis twice a week at the new first class Liga Club which has a gym, six tennis courts, Pool, and other facilities.
Summary- 2022-2025 Hottest Rental and Sales Market in History
We Hope that you enjoyed this first-half update and join me in being enthusiastic about Bali’s future, especially Sanur.
There is no question in my mind that Bali will continue to be one of the most sought-after destinations in the world.
If you read TripAdvisor’s report in January of this year, we are ranked fourth.
I believe we will move up in
rankings thsi year because if you look at our competition, London which is suffering
through drought and 40 C Temperatures and Cancun which is almost shut down
right now due to Covid-19 we certainly look better.
Noatrais Aziah & Husband Lawrence |
I will go on out on a limb with a Nostradamus Moment and Predict that for the next 2-5 years Sanur will be one of the top three or five hottest real estate markets of Bali, Asia and even the world as it returns to the 2014 prices for real estate.
Very sincerely.
Lawrence B. M. B.
President Director
PT. Bali Affordable Lifestyles International. Since 2004
DBA Best Bali Real Estate & PT. Bali Luxury Villas
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