Moving Property Industry, Waskita Karya Realty Explores Bali

INDUSTRY.co.id - Denpasar - PT Waskita Karya Realty (WKR) is expanding its property business in Denpasar, Bali, by developing a 12-hectare residential area that integrates lifestyle needs and commercial centers.

"We believe this residence will become a new reference standard for the property market in Bali, because we know what the market needs," said President Director of WKR Tukijo in Denpasar, Bali, Sunday (09/16/2018)

The subsidiary of PT Waskita Karya (Persero) Tbk is now developing an integrated area "Vasaka Residence" which targets the needs of the upper middle class consumer market segment.

Tukijo, in a press release reported by Antara, added that the first property project on the Island of the Gods also answered the need for property investment that was safer and more profitable for both domestic investors and foreign investors.

He said that the housing area is like a "walk to shop" because it integrates lifestyle and commercial needs built on 1.2 hectares of land. The facilities designed include shopping centers, cafes, restaurants, banks, ATMs, "food courts", medical services, pharmacies, salons, fashion stores, cinemas, bookstores, center of devices and technology, business centers and other facilities.

The residential area located on Jalan WR Supratman Denpasar or directly adjacent to Batubulan, Gianyar regency will be built in four areas or clusters with a total of 300 units to be built.

Each cluster, he said, will be equipped with a number of facilities including children's playground, swimming pool, "club house", and other facilities.

The first cluster to be marketed, he added, namely the Evara area with prices starting from Rp1.9 billion with a land area of ​​105 m2, building area of ​​110 m2.

Tukijo also added that Vasaka also offered the latest housing development concept, "Multi-Family Housing" (MFH) which was claimed to be the first in Indonesia. Each MFH unit, he said, was built on land for building rights (HGB) covering an area of ​​around 300 m2 and direct investors could safely return names to their names, both Indonesian citizens and foreigners.

 If you are a foreigner, he continued, then they can turn the HGB into a Right of Use and that is a safe solution compared to the "nominee" system in Bali.

"We offer starting from IDR 9 billion, assuming occupancy rates and rental prices are very conservative at this time, MFH owners can enjoy a minimum rent of six percent per year at the beginning of operations," he said.