Buyer Beware: Navigating Bali's Real Estate Market
Bali's real estate market can be tempting, but it's vital to proceed with caution.Sadly, Bali's market can attract less-than-reputable individuals. They might disappear after making promises, leaving you in a bind. That's why due diligence is key.
Finding Trustworthy Partners
This is where P.T. Bali Affordable Lifestyles International can help. Established in 2004, we've built a strong reputation within the community and thousands of foreign clients.
Free Consultation: Protecting Your Investment
If you have doubts about the legality of a potential real estate purchase, my spouse offers a free one-hour consultation. With excellent English and unwavering honesty, she'll help you make informed decisions.
To arrange your consultation, please send me a WhatsApp message at 628123 814014. Let me know the nature of your concerns, and I'll schedule your meeting.
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Chris S. was promised a great return for a modest investment in property with someone he thought was a friend.
For years, he had wanted to buy in Indonesia and was saving for a house.
So when he met P.T., an Indonesian local, in Bali and she offered the chance to invest in a "villa" leasing in Badung, he jumped at the idea.
Her pitch — invest $66,000 to go halves in a villa, and he would soon be earning $1,300 a month.
"[I] decided that a villa like this would be a good start," Chris. S. told the ABC.
"She promised it would be paid off in 12 months maximum, and then in two years there would be a profit."
Chris. S. said he asked for a couple of days to think about the offer.
The next day, P.T. messaged him saying she had paid the deposit to secure the property.
He wasn't the only person lured in by the accused con woman.
'I completely trusted her'
A. C, was also convinced to invest in two "villas" in Perenan, Bali, by P.T..
"I knew it would take approximately a year to make our money back then the last two years would be purely profit," she said.
Ms C. said she only had photos of the villa and didn't have the contract when she agreed to invest.
"I asked to go and see the villas before sending money but she said if a Westerner goes to the villa to look at renting, they will put the price up — and we believed her," she said.
"I completely trusted her," she told ABC.
It was only after Ms Cayless transferred the money in September that P.T. "went distant".
"You start doubting yourself going, 'Is this legit?'"
A.C. (left) confronted P.T. after allegedly being scammed by her.(Supplied)
Contract was never signed
Mr S. said he had signed what was supposed to be the agreement between him and P.T. in May last year.
But, he said, P.T. never signed it, despite him "messaging constantly" to ask about it.
By July last year, after he had transferred about $33,000, it became difficult to contact P.T.
Chris S. said he never received a signed contract from Ms P. despite 'messaging constantly' to ask about it.
"She was sending me excuses daily, she had told me she was sick and in hospital, which was for two weeks with vertigo," he said.
Mr S. said P.T. said she would take care of the "villa" through an agent.
Ms C. kept asking for a financial statement related to the villa, which showed its address.
"Once we had the address, my friend went to them and there was nothing there," she told ABC.
"By this time I knew the villas weren't really there."
Ms C. sent P.T. a message asking to be paid back.
"She agreed, apologised, and started sending money," Ms C. said.
So far, she has been reimbursed about $9,000 out of more than $30,000 that P.T. owed her.
Mr S. has received $2,800 from P.T..
In addition to Mr S. and Ms C., the ABC has spoken to others who have claimed they have been scammed by the same person.
E. A., a US citizen, said she had lost about $31,700 to P.T.'s villa investment scheme.
She's not not received any money back yet.
The NSW police promised to arrest P.T. as a response to a luxury bag fraud report.(Supplied)
Meanwhile, Canadian R. L-R. said she had transferred about $26,000 to invest in a "furniture company" business offered by P.T..
"She told me that I would get my money and the profit back in maximum two months and even earlier if she could do it earlier," she said.
"I was able to ask her to send some money and just to keep me quiet she sent over twice about $US632 ($953) using the account under the name of D. M. — which is her nanny," she told the ABC.
Altogether, those who spoke to the ABC have sent more than $126,000 to P.T..
In 2021, NSW police responded to complaints P.T. was engaged in the suspected fraudulent trading of luxury handbags.
They said "the person of interest fled the country in August 2020".
"The matter will be closed, and the person of interest will be arrested if she ever returns to Australia."
The ABC understands P.T. travelled to Newcastle last week, and has been staying in an Airbnb about 30 metres from a police station there.
Ms C. has contacted police to inform them, according to emails seen by the ABC.
Putry denies villa scam
In an interview with the ABC, P.T., who is known as P.T. and P.T., denied all allegations of scamming.
"If I cheated, I would have disappeared, but I still communicate with those people," she told the ABC.
"If it's called scamming, it means that I took away the money, I didn't return a penny, but here I have agreements with them to return it back."
The ABC has asked her to provide proof of the repayment agreements.
According to P.T., one of the people down to invest in the villa backed out.
"But I have allocated the money to buy the villa … so since I couldn't refund it entirely, we agreed the refund would be made in multiple payments," she said.
"This one person then heated up the others, so they also cancelled the agreement."
She said she never offered the investment option, but that people had chased her wanting to get in on the villas after she had told them what she was doing.
"They initially asked 'what are you doing for business' and after I explained it, they were interested in half-half investment with me because of the affordability factor," she said.
'Don't be afraid to make a report'
Mr S. and Ms C. contacted the Australian Federal Police (AFP), NSW and WA police — where the complainants live — Border Force and Interpol.
They said the AFP and WA police wouldn't take their statements.
Calls to other police forces rang out, they said.
When the police forces were contacted via email, Mr S. and Ms C. said they were asked to report to the matter to the AFP, who wouldn't take their statement in the first place.
They have also filed a report to the ACCC's Scamwatch and Border Watch, which is run by the Department of Home Affairs and allows people to "to report suspicious or illegal immigration, visa, customs and trade activity".
They said they had not received any responses.
"We had a lot of information to share but nobody wanted to look at it which was really frustrating," Mr S. said.
Ms C. said she felt like she had been "sent in roundabouts".
She said it had been "extremely frustrating and disheartening" that P.T. could still freely enter Australia "because she knows the police won't do anything".
P.T.'s alleged villa investment victims contacted the ABC after seeing a 2020 ABC Indonesia report naming her as being the suspected scammer behind a fake luxury handbag swindle.
The ABC asked NSW police how the investigations into both alleged scams, involving the luxury handbags and the villa, were proceeding.
"The matter remains under investigation by Newcastle City Police District and there are no updates at this time," a NSW police spokesman told the ABC.
Ms C. and Mr S. said they had not reported the alleged villa scam to the Indonesia police, but said they had their reasons for not doing so.
Bali's Current Hottest Real Estate Markets
"Bali is Hawaii 30 years ago"
Three months ago Lawrence predicted 2024 would be the most explosive year yet for the Bali's real estate market, especially on its popular East Coast in or near the first Resort Area in Bali, Sanur .
"2024 the most explosive year yet"
"Sanur not Snore Anymore"
According to Wikipedia. Sanur pronounced sah-noor) is a coastal stretch of beach east of Denpasar in southeast Bali (about a 30-minute drive from Ngurah Rai International Airport)For the 26 years he lived in Sanur it was called "Snore" because it attracted Seniors and Baby Boomers to quiet lifestyle, famous beach and inexpensive cost of living.
Recently Bali has been showered with accolades in 2023 ,& 2024 snagging titles like "Second Best Destination in the World,"
This translates to one thing, a tourism boom, and with it, a surge in rental income.
Remember his saying, "Bali real estate demand is directly proportional to tourist demand".
"Bali real estate demand is directly proportional to tourist demand"
The fuel for Sanur's coming Real Estate firestorm: 2,000 to 3,000 New Employees:
The massive Bali International Hospital is set to open its doors, bringing with it a wave of medical professionals and support staff seeking comfortable digs.Where will Doctors, Medical Technicians, and Support Staff Live?
5 - Star Hotel 1,000 Staff ?
The swanky new Meru hotel will need a place for its team to call home, injecting further demand into the market.New Icon Mall - 300 to 500 Employees:
Talk about a lucrative demographic!
So, where will all these new residents live? Sanur and its suburbs, of course.
Here are Lawrence's predictions on the three most sought-after areas of the East Coast, perhaps all of Bali in the next 12 -24 months.
#1 Area With Most Demand
This is due to the growing popularity of the area as a tourist destination and the increasing number of businesses and medical facilities moving in.
No Room at the Inn:
Just as Mary and Joesph found in Bethlehem just before Jesus was born recently there is no rooms in any of our inns.Unfortunately, there is not much available housing in these areas, as they are mostly commercial and hotels.
However, there are a few options for those who are looking to buy or lease a home in this sought-after location.
Bali Emerald Apartments:
They are perfect for those who are looking for a modern and stylish home in a great location.
PT. Bali Luxury Villas Start at $228,888.
For those who need more space, we also have a few award-winning Bali Luxury Villas available for sale.
They are perfect for those who are looking for a luxurious and spacious home in a quiet and peaceful location.
Bali Luxury Villas and Apartments are located within a short eight minute walking distance to Sanur's famous white sand beach.
They are also close to a variety of restaurants, shops, and bars.
If you are interested in buying a home in one of the most sought-after areas in Bali, we encourage you to contact them today.
They will be happy to help you find the perfect home for your needs.
#2 Area - Demand
While many eyes are on Sanur for the upcoming Bali International Hospital, savvy investors might find hidden gems close by.
This area, conveniently located within 1-10 kilometers of the hospital, offers several advantages:
Affordability: Escape the higher property prices of Sanur and capitalize on this area's lower costs.
High-Caliber Community:
Bali Paradise Beach Estates already boasts residents such as major Developers and Hotel owners plus, an A-listed couple, two doctors, and other successful individuals. This creates a desirable and dynamic community for future residents.
Beyond Borders, Beyond Expectations:
Remember: This area provides a unique opportunity to live well, invest wisely, and be part of a thriving community just steps away from the Bally International Hospital. Don't miss out on discovering this hidden gem beyond the borders of Sanur!
Brand New Luxury Retirement Villas:
# 3 Area Most Demand
Beyond the Bypass: Uncovering Renon & East Denpasar's Potential
While past development left some concerns – smaller plots, lower construction standards, and bumpy roads – change is afoot.
Infrastructure upgrades are on the horizon, promising a brighter future for the area.
But here's the real draw: prices here are significantly lower than the popular East Side, making it a prime location for savvy investors.
Envision it – owning a sprawling property, hundreds of square meters of opportunity! Build two or three stunning villas, keep one for yourself, and sell the others to recoup your investment, essentially securing your dream home for free.
Intrigued? We'd love to be your guides! Let us unveil hidden gems waiting to be unearthed in Renon & E Denpasar.
This area isn't just about a bargain; it's about embracing potential, about shaping your own Bali paradise.
Ready to ride the Bali East Coast wave?
So, pack your bags, your sense of adventure, and your investment savvy, because Sanur and its suburbs are about to become the real estate El Dorado of Bali.
Remember, this is just the beginning. We will keep you updated on all the sizzling developments in the East Coast real estate scene, so stay tuned for more insider tips and insights.
In the meantime, start browsing Best Bali Real Estate Listings – the future of Bali's real estate is bright, and Sanur is its shining star.
P.S. Don't forget to share this post with your fellow real estate enthusiasts! Let's spread the word about Sanur's golden future.
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Contact us today to schedule a personalized viewing.
For information or inspection in English contact the Baby Boomer, President, Lawrence by Telephone or WhatsApp at +628123814014.
For information or inspection in Bahasa Indonesia contact the President's Spouse, a Licensed Indonesian Notaris, Azizah at +62 811-3864-993
ABOUT US:
Together with her partner and spouse Lawrence who has 50 years of Real Estate Experience, 20 Years of which is in Bali they own and operate award-winning 20-year-old Pt. Bali Affordable Lifestyles International ( PT. B.A.L.I. ).
Indulge in the pinnacle of luxury and efficiency with this esteemed team of over 70 professional staff, proudly offering an array of services for Buying, Selling, Leasing, and Renting Asian Real Estate.
For an unprecedented ten years running, they have been awarded the Certificate of Excellence and the Hall of Fame Award from the esteemed TripAdvisor, cementing their place among the top 2% of hotels and villas listed worldwide.
With clients all over the globe singing their praises, they are indisputably one of Asia's most renowned travel and real estate investment experts.
TESTIMONIAL:
"Honesty and professionalism are everything when you're dealing with real estate but when you can also find the most knowledgeable people to advise you and help you with what you need, why go anywhere else...Hands down the best in Bali!"Bo B, UNITED STATES- 2022
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