For those looking to invest in a property in Bali with the aim of generating rental income, buying off-plan properties is a wise consideration.
Buying off-plan property allows you to maximise your return on investment by purchasing brand-new property below the average market value. If you’re new to this concept, don’t worry – in this article, Mirah Investment & Development draws from its expertise as Bali’s leading property developer to explain the concept and the benefits of buying off-plan property in Bali.
Buying off-plan: what is it?
Buying off-plan property is when someone buys a property from a builder’s plan instead of a pre-existing property.
Most of Mirah Investment & Development’s projects are available for purchase during and even before a project’s construction phase. In fact, almost all projects are sold-out long before they are completed.
Kiara Ocean Place is a luxury serviced apartment building in Batu Belig – it has almost sold out from off-plan sales after only launching in November 2022. Currently, one unit is available from a total of 62 apartments.
There are plenty of benefits for potential investors and buyers; all of which can lead to a substantially higher return on investment for Bali real estate.
Kiara Ocean Place – Luxury residential apartments steps from Batu Belig Beach.
The benefits of buying off-plan property in Bali
One can explore numerous Bali investments, but few offer as many benefits as off-plan property. These are as follows:
Saving money on Bali investments
The most obvious advantage of buying off-plan property is that investors can purchase a new property below market value. Typically, savings are around 5%-10%. That puts savings in the tens of thousands – making it a great, low-cost way to start an investment portfolio.
High capital appreciation
Aside from purchasing the property at a better price, the potential for high returns is present from the capital appreciation on the asset once construction is complete. Mirah Investment & Development often see a 20% – 25% increase in asset value upon completion.
Some highlighted examples:
- Secana Beachtown: Early investors who bought off-plan reported a return on investment (ROI) of 35% once nearing completion.
- The Ombak Dua Luxury Residence: Early off-plan buyers reported an average of 40% in returns from the purchase price to the property value upon completion.
- Cocana Resorts: Early off-plan buyers of the Lagoon Suite bought an asset that sold more than double its original price.
Cocana Resorts – Two-bedroom villa part of beachfront resort.
Security & flexibility
Off-plan properties allow you to get in on the ground floor of a new development, securing your investment early on while there is still availability. Additionally, off-plan properties often come with an extended payment plan that allows you to spread the property’s cost over time.
Quality, time, and resources.
Buying an off-plan property provides you with the unique advantage of being able to see the construction phase. For example, Mirah Investment & Development provide off-plan buyers with periodic construction update videos and images – letting buyers keep an eye on the process and giving them peace of mind about the build quality.
Mirah Investment & Development takes care of the design and builds process from start to finish. It’s less time-consuming for buyers than overseeing a construction project for themselves and diminishes issues or surprises as to the build quality that you might get from buying a pre-existing property.
Buying off-plan means you can sit back, relax and reap the benefits without the stress.
Nila Residence – Construction progress for our gated residential Berawa development.
In-demand and high-quality properties
Mirah Investment & Development’s mission is to provide investors with the best opportunities possible. This is accomplished by only building high-quality properties in in-demand areas.
The services don’t end with design and construction – on top of the legal, taxation, and immigration services provided during the purchase process – Mirah Investment & Development often offers optional rental management programs for their developments, giving investors a white-glove service, that is with them throughout the entire lifecycle of their investment.
How to buy off-plan property in Bali
Now knowing the definition of off-plan property and all its benefits, how does one go about buying property in Bali?
Mirah Investment & Development has several ongoing and upcoming development projects to choose from in the best locations across Indonesia.
Discover the extensive portfolio of off-plan property available and enquire about purchasing HERE.