Bakrieland Hotels and Resorts, part of Bakrieland Development expects around Rp110 billion (US$13 million) in revenue this year from pre-sales of units at its latest planned resort in Bali.
Nirwana Bali Golf Suites occupies 27,000 sqm lot in the 103-hectare Nirwana Bali Resort, also owned by Bakrieland. The development is located in Tabanan about an hour’s drive from Ngurah Rai Airport and the construction of the golf suites is scheduled to start in January 2012 and be completed by January 2014.
The area around Tabanan is less developed than other areas in Bali, like Kuta and Legian and the only other developments nearby are Bakrieland’s hotel and another resort.
According to the Jakarta Globe, the resort’s development will cost around Rp220 billion (US$25.9 million) and the average price of units will range from between Rp1.2 billion (US$141,000) and Rp2.5 billion (US$294,000).
According to Bakrieland’s financial statement, Nirwana Bali Resort is valued at up to Rp 884.33 billion (US$104 million). The resort consists of an 18-hole golf course, 146 suites and supporting facilities such as function halls and retail stores.
Bakrieland expects all units to be sold by March 2013.
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