The 1st Villa will be completed on 1st of September 2019.

6 more villas will be completed end of October.

The remaining 14 villas of Phase 1 with Rice Field view Villas will be delivered by 31st January 2020

Phase 2 of 9 Jungle view Villas will be delivered by 30th June 2020.

The facilities such as the restaurant, jungle pool club, spa and luxury Glamping Retreat will be completed by 30 June 2020 and will start operation on 31st December 2020.

Under the management scheme, the management company pays the taxes and gives you a net return so there is no rental income tax you are liable for in Indonesia.

Under the guaranteed ROI management scheme, the villa will be given back in the same condition it was delivered with some acceptable aging.

Under the guaranteed ROI scheme, despite the ramp up period where we will absorb any reduction in revenue, we still give you the 8% p.a. return in the first year of the villa rental - another good reason to choose the guaranteed scheme.

The K Club is a managed resort style living facility. Let’s use an example of a 3 Bedroom Villa and assume that the owner would like a flexible rental return.

We already mentioned the maintenance fee of US$200/room per month so for a 3 Bedroom Villa this will be US$600/month. In addition there will be an electricity cost of around US$250/month and Home Insurance of US$25/month.

The marketing fee for marketing the villa to the rental return is 20% of the gross revenue.

Annually this looks like:

Rental Revenue : US$76650 (Based on a daily room rate of US$350 @ 60% occupancy)

Marketing fee : US$15330 (20% of Gross revenue)

Management fee: US$7665 (10% of Gross revenue)

Maintenance Fee: US$7200

Electricity : US$3000

Insurance : US$300

Tax : US$300

Profit: US$42855

Getting bank financing as a foreigner is not possible in Indonesia. But we have a solution with30% down payement and payment over 5 years. Contact us for more details

The property sale/purchase and rental of the property are charged in USD so there is no exposure to FX fluctuation.

Over the lifetime of the project, the management company does its best to maintain the interior through care and with thorough cleaning, but normal wear and tear over time is to be expected.

There are 2 guaranteed schemes. The 3 year and the 9 year.

a. The 3 Year guaranteed scheme will pay 8% p.a. net of taxes to the owner for 3 years. The owner will have usage of the villa for 30 days of the year.

b. The 9 year scheme will pay 8% p.a. to the owner in years 1-3, 10% p.a. in years 4-6 and 12% p.a. in years 7 to 9. The owner will have usage of the villa 15 days a year.

a. Villa on the Guaranteed ROI scheme: If you choose one of the guaranteed ROI schemes, this maintenance charge is waived.

b. Villa that is not on the Guaranteed ROI scheme: Yes. If you are not on the guaranteed ROI scheme, the cost is US$200/room per month and it covers the labour cost for cleaning the villa and the pool, a gardener as well as providing a house maid for 1 hour per day. It also includes the cleaning and maintenance of the common areas such as walkway, golf buggies and lighting etc. extra cost electricity

a. Villa on the Guaranteed ROI scheme: Every villa under the ROI scheme is a standardized product and the management company has SOP’s in place to ensure that there is consistency on what is offered for rental.

b. Villa that is not on the Guaranteed ROI scheme: The villas belong to the owners and they can furnish them any way they choose. But those using the management company to rent out their villas will need to follow the standard product furnishings.

Room rate pricing is tied to the ROI calculation to give the best rate and the best return. It is US$250/night for a 2 Bedroom (BR), US$350/night for a 3 BR and US$450/night for a 4 BR villa. What makes this rate attractive is that it is 30% below market price for a similar product in Ubud and it still gives a great ROI to owners.

The notary fee is 1% of the purchase price. It includes all due diligence on the property as well as drafting of the final notarised agreement.

Yes – the property is yours to sell whenever you choose to after the project is complete in 2021. 5% is the standard commission charged for a sale, regardless of the property. Owners are allowed to use their own broker for the sale but in that case a 1% fee will be charged by Kibarer Development as there will be costs incurred to provide various documents relating to the sale.

Based on the returns in Ubud, annual occupancy rates are between 60% to 65% now. Our business plan is based between 50 and 60% occupancy.

The K Club is a turn-key development. Furnishings, décor, appliances are all included. Even bed sheets and towels.

Tegalallang is becoming more popular with property investors and growth in prices could be 5 times or even up to 10 times in a 10 year period.