Owners can opt for Hak Milik if they are Indonesians nationals, or if they are foreigners and want to own it as a freehold under company can do that via PT PMA company, established on their own, if they’re foreigners, and want to have it under their company in Indonesia, without need for local nominees, alternatively they can own it via renewable leasehold. - in principle is better to address the ownership type with the Legal team of Invest Islands in order to be directed towards the best form of ownership for them based on their needs and requirements. The ownership is hassle free for foreigners, but to navigate the intricacies and do things legally always educate yourself and seek legal advisory.
TerraKuta's milestone payment structure is designed for your financial convenience, beginning with a 10% deposit to secure your villa. As construction progresses, payments are split into phases: 40% is due when construction starts, followed by another 40% payment at the structural completion phase. The final 10% is paid upon handover when the villa construction is completed. This phased approach aligns your investment with construction milestones, ensuring transparency and financial planning ease throughout the development of your new luxury villa.
The list price for each TerraKuta villa includes all the necessary permits, landscaping, ownership taxes, notarial fees, and VAT, ensuring a transparent purchasing process. However, additional costs arise when selecting the loose furniture package and the Operating Supplies & Equipment (OS&E), as these are tailored to personal preferences and budget. TerraKuta offers off-the-shelf furniture packages priced at $16,000 for the 2-bedroom and $9,000 for the 1-bedroom villa, encompassing everything required to start living in or renting out the villa.
The TerraKuta villa investment offers promising returns. For a 2-bedroom villa, you're looking at an average yearly ROI of 14.11%, with the potential to reach up to 17.2% depending on the average daily rate (ADR). The payback period is conservatively estimated at 7.6 years, with a 10-year ROI projection of 141%. These estimates are based on comprehensive financial models that include all associated costs and projected revenues. For exact figures and personalized advice, we recommend consulting with a financial advisor.
TerraKuta recognizes the needs of international owners, offering versatile property management solutions. When you're away, our partners at Lagoon Properties Management can oversee your villa with a western standards and data-driven approach, ensuring optimal ADR, marketing, and booking performance. Owners are welcome to choose other management services or handle rentals independently if they prefer. This flexibility ensures that your investment continues to yield returns, regardless of where you reside.