Moving Property Industry, Waskita Karya Realty Explores Bali

By : Herry Barus And Aldi Firhand. A | Sunday, September 16 2018 - 22:19 IWST

Residence Illustration
Residence Illustration

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.

News Comment

Today's Industry

 Huawei ICT Competition 2022–2023 Global Final Closing and Awarding Ceremony (Photo: Huawei)

Jumat, 02 Juni 2023 - 17:40 WIB

Huawei ICT Competition 2022-2023 Global Final Held in Shenzhen — 146 Teams from 36 Countries and Regions Win Awards

The Huawei ICT Competition 2022-2023 Global Final concluded in Shenzhen, drawing to a close the seventh installment of this competition.

CleverTap logo

Jumat, 02 Juni 2023 - 15:50 WIB

CleverTap launches local deployment of its SaaS platform in Indonesia

CleverTap, the leading global B2B SaaS platform for customer engagement and retention, has made its platform available within Indonesia through data centers hosted on Amazon Web Services (AWS),…

President Jokowi inaugurated the 2nd Kretek Bridge, in Bantul, DI Yogyakarta, Friday (02/06/2023). (Photo: BPMI Setpres)

Jumat, 02 Juni 2023 - 15:10 WIB

Inaugurated by the President, the Kretek 2 Bridge Strengthens the Java Southern Route

RI President Joko Widodo (Jokowi) inaugurated the Kretek 2 Bridge, Friday (02/06/2023) morning, in Bantul Regency, DI Yogyakarta. This bridge will support the Southern Cross Road (JJLS) which…

President Jokowi led the Pancasila Harlah Commemoration ceremony, which was held in the National Monument Area, Jakarta, Thursday (01/06/2023). (Photo: Public Relations of Setkab/Oji)

Jumat, 02 Juni 2023 - 14:00 WIB

President Jokowi: Pancasila is the Foundation of Indonesia's Success in Facing Global Challenges

In the midst of the global crisis, Indonesia is one of the few countries that has succeeded in maintaining economic, social and political stability as well as controlling inflation, growing…

Minister of Investment/Head of BKPM Bahlil Lahadalia (Photo: Public Relations of Setkab/Rahmat)

Jumat, 02 Juni 2023 - 13:30 WIB

President Encourages Acceleration of Electric Battery Ecosystem Development

Indonesian President Joko Widodo (Jokowi) encourages the acceleration of investment realization for the development of the electric car battery ecosystem which will be carried out in the Bantaeng…