Lovina Beach Resort - News from Bali

Absolutely beach front villas and apartments for sale and rent!

FIVE STAR TROPICAL BEACHFRONT
(10/11/2010) Bisnis Bali reports that plans to build an international airport in the Gerokgak district of north Bali remain very much in flux.

This state of confusion follows intensive lobbying of a candidate, Turkish investors, by the Regent of Buleleng, Putu Bagiada, and other north Bali officials. Statements from regency officials following contact with the Turkish investor confirmed the willingness to go ahead with the international airport project. Locals living in Gerokgak are said to be growing increasingly impatient with the stalled project and are seeking a firm commitment from Buleleng officials that the airport constriction will go ahead.

Adding to the confusion, are earlier announced plans for the Turkish investor to visit the proposed site for the airport which have not come to fruition. The chief of the region's planning body (Bappeda), Gede Dharmaja, has confirmed that the international airport plan for north Bali has received bilateral endorsement from the governments of Indonesia and Turkey. Moreover, Indonesian President Susilo Bambang Yudhoyono has designated the location for the facility at Gerokgak in the Buleleng regency.

Said Dharmaja: "This is the agreement between two countries and as a result the central government has designated that the location will be in Gerokgak and not in another region. Previously many regencies requested this project but the selection has been made by the President."

He said the investor will visit Buleleng following a visit by the Regent, Putu Bagiada, to Turkey. That visit, however, was postponed because of the busy schedule of the investor and a conflict with the Islamic fasting month. Dharmaja explained: "We have not received a firm date, but the investor will certainly visit Buleleng. We just need to wait."

Separately Dharmaja said the proposed international airport would be located at the villages of Pemuteran and Sumberkima. Adjoining villages will be involved in building access roads. "The present runway at Sumerkima will be incorporated into the new airport, possibly forming a part of the new airport," Dharmaja said.

The land required for the project is said to be in hand. The regency has set aside 700 hectares of the needed 1,000 hectares. The lands for the project has come from government-owned land formerly held by PT Margarana. The remaining 300 hectares will be acquired from private landowners.
(From: http://www.balidiscovery.com)
MEDIA STATEMENT - 21 March 2010
The developers have announced that the pre-release investment opportunity, to purchase fully furnished, fully serviced single-bedroom apartments at Lovina Beach Resort, North Bali, from US$99,000, will likely end soon because construction is proceeding ahead of schedule. Prices may increase by up to 30 per cent as demand rises for investment apartments and villas, with continuing news of a planned second airport for Bali in the north of the island.

SINGAPORE, March 21, 2010 -- Construction, of what will be the only five-star standard absolute beach front resort in North Bali, is proceeding ahead of schedule, meaning pre-release prices may soon increase by up to 30 per cent.

One of the biggest developments in the North Bali area, Lovina Beach Resort – http://www.lovinabeachresort.com - consists of 32 luxury apartments, 16 villas and two penthouses. It is on two hectares of land with 200 metres of beachfront and lush tropical gardens.

There is a video of Lovina Beach Resort features HERE:

Every apartment will have ocean, mountain or garden views, in a prime location just 20 minutes west of the former Bali capital of Singaraja and on the famous Lovina Beach, five minutes from the village of Kalibukbuk.

The developers have announced that the pre-release investment opportunity, to purchase fully furnished, fully serviced single-bedroom apartments from just US$99,000 - and the current prices for terrace villas, beach front super villas and the two penthouses - will likely end in just weeks.

Prices to Rise Soon

Graham Stott Stott, Project Director of Lovina Beach Resort - http://www.lovinabeachresort.com - said that strong interest and recent sales of apartments meant pre-release prices would likely have to soon rise.

“This unique construction project is moving ahead rapidly, demand for these once-in-a-lifetime investment opportunity apartments is growing and we can only offer the minimum US$99,000 price point for a very limited time now,” Stott said.

“There are few places in the world where you can invest in five-star standard absolute beachfront property, with full flexibility to live in or rent, and Lovina Beach Resort is one of them.”

Popular tourist attractions

North Bali is home to a number of popular tourist destinations, such as Lovina beach, Singaraja, and the twin lakes in Bedugul in Gianyar. At close-by Lovina, pastimes such as eco-tourism, dolphin watching, snorkelling, scuba diving, visiting hot springs, picturesque waterfalls, temples and historic heritage sites are already attracting increasing numbers of tourists.

A number of investors from around the world have already realised Lovina Beach Resort opportunity which includes solid rental returns, potential capital appreciation and a fully serviced luxury lifestyle environment.

Investors, and/or owner-occupiers, will have freehold ownership of apartments and villas at a world class holiday beach front destination, in a growing tourist area. Lovina Beach Resort will have included a comprehensive range of amenities and services into our properties, including restaurant and spa. The Resort will be professionally managed and will generate a solid return for investors.
(FOR IMMEDIATE RELEASE)

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