TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Bali's Real Estate Market Loses Dollar Touch

Category: Real estate, Posted:06 May 2015 | 06:00 am

A newly introduced regulation in nearby Indonesia is requiring real estate developers and hotels to price and collect goods and services income in local currency.
The government run Bank Indonesia as of March 31st has issued a new directive for compliance with full implementation required by July 1st of this year.
In the past Bali property developers have largely priced products in US dollars and often collected transaction payments on that basis.
Likewise many hotels quote rates in the US currency and contacting with overseas agents is most often done on the same exchange basis.
Indonesia's currency has remained volatile over the past few year and has broadly depreciated against the US dollar and a number of other major currencies.
For businesses who prefer to an option to often take US dollar denominated loans at considerably lower interest rates the those in Indonesian currency, the trading risk has expanded considerably with the new regulation.
As we move through the year of 'disruptive' events, currency play is now becoming a major highlight of hotel and real estate business plans.

Other News

Read more

Serviced Apartment Sector Surges In Pandemic

Category: Real estate, Posted:16 Apr 2021 | 10:41 am Probably the best performing tier of accommodation in the pandemic has been serviced apartments and extended stay. Much has to do with the spacious unit sizes and kitchens for work from home guests.  Additionally they have limited, less crowed facilities so there is less of a fear factor versus larger hotels. In Thailand, during the […]
Read more

Hua Hin Set To Grow International Airlift

Category: Tourism, Posted:12 Apr 2021 | 06:00 am One of Thailand’s best performing hotel sectors is Hua Hin. Well, let’s just say it is the best market over the past twelve months of the pandemic. The destination is now poised to look ahead post-Covid and is looking to increase overseas airlift once the country reopens. Aside from the current expansion of the gateway […]
Read more

Mass Phuket Hotel Vaccination Drive Underway

Category: Tourism, Posted:10 Apr 2021 | 17:14 pm Check out an insightful view of how Phuket’s tourism industry has come together and are pushing forward on a massive vaccination drive for hotels across the island. An inspiring story of how the island is working together. Over the past week more than 70,000 people, mostly staff of Phuket hotels have been vaccinated across the […]