Project area
The staff will fulfill any resident or guest request 24/7 and make the stay pleasant and comfortable.
Covered parking for 5 cars and 30 bikes
Townhouse 150m²
Townhouse 100m²
Apartments 55м²
Video presentation
Turnkey management
This concept combines two main requests of guests at once:
- The desire to live privately in their own townhouse or apartments and the opportunity to simultaneously receive hotel-level service.
In addition, all members of Terracotta complex get the high level hotel management services and the same attention as all apartments are rented by one operator.
What does buying a townhouse or apartment in Terracotta include?
Stages of the transaction
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Reservation
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Receiving of documents for review and verification
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Sign the contract and pay the first installment on the installment system
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Making payments according to schedule
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The object is ready. We make the last payment and registration at the notary.
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Start generating rental income through the management company
Tax expense
Tax support
Taxes are included in the cost of housing
Income tax
+1% for notarization of the contract
At resale, the owner
Pay income tax - 10%
Guarantees
01
All land rights have been fully paid by developer's own funds.
02
The project is implementing by own funds.
03
The company has been verified by major law firms.
04
We provide any verification of all documents by your side, if it is needed.
05
All contracts are legally binding in accordance with Indonesian law.
06
The investor is protected by an installment program and sees each stage of construction by making payments on an agreed schedule.
07
Construction warranty - 5 years.
08
Guaranteed income of 10% per annum during the first year from rental.
09
All properties are insured with the Swiss insurance company ZURICH against material damage and cataclysms.
How is ownership of land and real estate formalized?
Land lease agreement for 25 years between the ADVA Development and the land owner (Indonesian national) notarized in Bali.
According to the land sublease agreement, you are the owner of any property built on the land you sublease.
What happens after the lease expires in 25 years?
The contract states that after 25 years you can renew the land lease at the average market price.
The average market price is calculated according to the formula:
the sum of rental prices for one neighboring land plot divided by the number of land plots.
Construction and engineering
We have studied and adapted technological innovations to every aspect of our projects to build smarter, more economical and environmentally friendly structures.
Building with steel beams results in an 80% reduction in concrete consumption, and as a result, we require an average of 100 fewer construction truck trips than traditional projects of similar size.
| Bali | |
| Egypt | |
| Bahamas | |
| Montenegro | |
| Turkey | |
| Thailand | |
| UAE | |
| Great Britain |
ROI of foreign investments
Due to a number of climatic advantages, economic privileges, developing infrastructure, real estate in Bali is also highly profitable.
Although the investment market is not overcrowded, it is worth making the right choice to invest in Bali.
Construction progress
FAQ
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01. What % does the management company charge?
The percentage that a management company in Bali takes can depend on various factors: the type of property, the services provided by the management company, etc. Typically, the management company will take a commission ranging from 15% to 30% of the rental revenue, but exact figures may vary depending on the specific contract terms and market conditions.
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02. What taxes do I have to pay in Bali?
A foreign buyer of real estate in Bali will have two standard expenses: payment of VAT at the rate of 11% of the total value, as well as payment of 1% to the notary for the registration and conduct of the transaction. If the owner will rent the property, he will need to pay tax on rental income at a rate of 10%.
If you purchase the property from ADVA, we will take care of the 11% tax.
According to Indonesian tax laws, foreign owners, as non-residents, are required to pay a tax of 20% on the rental income from the property. To rent out a property in Bali, a private foreign person must hand over the management to a company that acts as a tax agent. There may be ways of tax optimization through offshore models, but this is considered on a case-by-case basis. -
03. What is % of profitability? What will I profit from?
You will profit from timely entry into the growing real estate market in Bali when prices are not so high and various offers are available.
If your goal is to buy and resell, you can take advantage of the many promising projects under construction. An investment with low initial costs can yield returns of 20% to 40% between 6 months to 1 year.
If your goal is to rent out to generate income, the options are favorable both at the construction stage and when you enter ready-made projects. Rental yields on average range from 12% to 16% per annum. -
04. Do you renew the land lease after the original agreement expires?
When drafting a contract, the question of renewal often arises, i.e. what happens at the end of the contract. Usually this clause is at the discretion of the parties, but it is quite common for contracts to contain the phrase “priority renewal of the contract at market price”.
If the agreement is drafted correctly and you have a priority right to extend at the end of the lease, the landowner will simply have no other options to extend the land to you. -
05. How long is a land lease agreement valid for?
Long-term leases are the most popular type of transfer of ownership for foreigners in Indonesia. The market offers an average term of 25-30 years with an option to renew.
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