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

How Urban Flight and Lifestyle Seekers Have Changed Phuket Real Estate

Category: Real estate, Posted:25 Sep 2022 | 10:44 am Urban flight and a continuous stream of incoming lifestyle residents to Phuket are dramatically shifting Southeast Asia’s leading resort real estate market landscape. The new island property mantra is dominated by surging demand for single-family homes and larger condominiums. Phuket has witnessed a sharp change from 2019 when over 9 million tourists sought a place […]
Read more

Destination Group Transacts Khao Lak Hotel

Category: Hotels, Posted:21 Sep 2022 | 16:21 pm The Destination Group has acquired a partially completed beachfront 400-key hotel in Khao Lak, Phang Nga. What was named the Mora Resort which is under construction will see Destination fully complete and brand the property. An opening in late 2023 is planned for the hotel which is located near the JW Marriott. Access to Khao […]
Read more

Soho House Bangkok Opening in December

Category: Hotels, Posted:21 Sep 2022 | 13:09 pm Uber global social brand Soho House will debut in Bangkok this December 2022. Located in the former Eugenia hotel in Sukhumvit Soi 31, the property has been reinvented. With three floors of facilities, food, beverage, and cultural events are also set to be showcased. Soho  House Bangkok membership is set at THB135,000 per year, with […]
SiaJai logo

Thailand's Leading Homecare Marketplace