General
Buying into a well-developed Resort complex which is operated by a reputable Resort Operator yields many benefits. Most Villa Owners do not stay in Bali permanently, and having built a luxurious Villa, leaving it empty for most of the year is not a sound investment proposition. Furthermore, empty Villas are not normally maintained on a daily basis and are prone to deterioration in Bali's tropical climate. Buying a Villa at Banyan Tree Resort Ungasan addresses those concerns, including the opportunity for significant capital gains in case the owner decides to sell.
a) Land plot
b) Villa construction
c) Private swimming pool, jet-pool, ponds, terraces and landscaping
d) Balinese Pavilion (Bale)
The sales price is not fixed. Naturally, the Developer reserves the right to increase sales price throughout different marketing phases of the project. If, however, a Villa has been purchased and the Purchaser follows the payment schedule stipulated by the Developer, then the sales price is fixed and will not change at all during the construction period.
No, the Villa is sold unfurnished. A separate Furniture, Fixtures and Equipment (FF&E) Purchase Order shall be executed to furnish the Villa and enable the Estate Manager and the Resort Operator to offer the services of the Villa to Resort guests and yield rental income. FF&E costs will be borne by the Purchaser.
Yes, the Developer will guarantee a return of 8% per annum for the first two years, payable in USD, based on the unfurnished Villa Purchase Price.
Yes, a reputable international audit firm will be appointed for annual audits to ensure Villa owners' benefit and peace of mind.
Construction commenced in the second quarter of 2007.
Yes. As the owner of the property, you are free to sell your Villa at any time.
Yes. Owners can leave the property to their family, however it is suggested they seek independent legal advice on wills and estate planning to ensure this is done in a tax effective manner. Owners will be provided with a HGB (Hak Guna Bangunan or Building Utilization Rights) title that will incorporate the underlying land and the building.
Yes. Tax is applicable on the sale and purchase of any property in Indonesia.
Property in Bali has been experiencing phenomenal capital gains over the past 10 years. We believe that this luxurious Resort property and the projected investment yields will translate into excellent improvements in capital asset values.
Even the strongest surge in seawater will not impact Banyan Tree Ungasan Resort, which is perched on a cliff more than 70 meters above sea level.
If terrorist events occur in Indonesia (including Bali), the negative impact on your property investment will be limited and temporary. Terrorist events can happen anywhere in the world, from London to New York; Spain to Thailand. No location is immune. We feel the likelihood of another event in Bali is low and that the Indonesian government and its people realize the importance of a safe Bali with the tangible benefits associated with a vibrant tourism business.
Management
Banyan Tree Resorts Ltd is the leading International operator of boutique resorts and spas. Banyan Tree Ungasan, Bali will provide five-star Resort services and meticulously monitor its overall performance by means of a guest satisfaction index.
Management services include:
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General Manager with complete staffing
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Maintenance
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24-hour Security
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Food & Beverage services
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Finance & Accounting
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Laundry and dry-cleaning services
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Housekeeping
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Local community relations
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Marketing
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Reservation system
Under the leaseback arrangement between Villa Owner and the Estate Manager, there is no maintenance fee payable, except for a monthly sinking fund, which in aggregate will be used for major refurbishments every 6 years.
Owners' income will be calculated at the end of fiscal year of the 1st year of Resort operations. Thereafter, it will be on a quarterly basis, complete with detailed accounting reports. The Estate Manager will maintain a facility account for each Owner.
Rental Income is calculated based on 40% of Villa (Room) Revenue, excluding applicable taxes and service charges. A pre-determined Villa Proportional Value will be used for allocation of Rental Income for all Villa Owners.
Under the terms of the Management Agreement between Villa Owner and the Estate Manager, owners are entitled to stay for twenty-one (21) nights per annum. Beyond this entitlement period, the Manager will market and manage the Villa.
Yes, the right of stay is transferable to family and friends as long as the Estate Rules are observed.
Owners are requested to register in advance their intended itinerary for the upcoming year and these schedules will be registered in the reservation system. If there are changes and/or immediate requests, the Manager will exert its best effort to comply. If the specific Owners' Villa is booked or occupied, an available, similar Villa will be allocated.
All Villa owners will receive generous discounts on room rack rates for all Banyan Tree Resorts worldwide. The same holds true for other services such as food & beverage, spa, gallery and ancillary services.
During the check-in process, all guests sign a waiver for damages and provide credit card authorization to cover all possible damages.
