01

Ⅰ. WHY LOMBOK V. BIZ Plan & Construction Progress

1. What is LOMBOK? / 03 1. Master Schedule / 28
2. Where is LOMBOK? / 04 2. Monthly Construction Progress/ 29
3. Bali and LOMBOK / 06
4. Changing (The HOT place, LOMBOK!) / 07 Ⅵ. Product Information for Success
5. Governmental Main Concern/ 10
1. Keywords for Successful Investment/ 32
6. Southern Project in LOMBOK/ 12
2. Key Considerations/33
7. Business District ( Accessibility )/ 15
3. Standards on Sales/ 34
8. Best Opportunity for Business / 17
4. Securities and Guarantees/ 37
Ⅱ. On-going Progress 5. Benefits and Additional Details / 38

1. Major Progress/ 18
2. Ground Breaking Ceremony / 19

※. Attachment
Ⅲ. Development Plan
1. Sales Price List and Present Status / 41
1. Development Concept / 21 2. Land Certificate(HGB) / 44
2. Construction Scheme / 23 3. Construction Permission(IMB) /45
4. PoolVilla Supply Status ( Bali, LOMBOK)/46
Ⅳ. Business Structure & Partners 5. Development & Land Price Rising Report
of Bali / 54
1. Business Structure / 24
2. Business Partners / 25
 1. What is LOMBOK? Compliments from the Global Media Group
- “Breathtaking, hidden island” (New York Times)
- "One of the three most beautiful islands on the planet“ (BBC)
- "One of the 10 Paradises on Earth for a honeymoon“ (Lonely Planet)

Are you going to make investment into Bali now, or other place similar to Bali 10 years ago?
03
2. Where is LOMBOK?
1) One of the hottest place in Indonesia
→ National Attracting and High Regional Growth Rate
2) Target place to be developed as a tourist attraction
substituting for saturated Bali
→ Lombok,as sisters of Bali, is the only alternative
3) Accessibility improvement, domestic and overseas,
by constructing an international airport
→ Support for Lombok to become the Mecca of
tourist industry

BALI
LOMBOK

04
Bandung

Domestic flights
International flights
International flight(planned)

05
3. Bali and LOMBOK
Decrease in Lack of Differentiation Changes of
Investment Attraction as a Tourist Attraction tourists and guests

1. Phenomenon of Decline of 1. Increase of Asian Tourists

1. Similar with General City
Investment Profits (clogged road, expensive living cost, (explosion of Chinese tourists)
(Increase of Tourists < Increase of and crowdedness)
Accommodations)
2. Severe Competition of
2. Tourist attraction → urbanization Increased Hotels
2. Only the Best Brands grow
(rests and relaxation → urban service) (survival crisis of 3~ 4 star hotels)
(only top quality and service can survive)

BALI

LOMBOK
Increase of System of Natural Changes of
Investment Attraction Environment Management Tourists and Guests
1. Strict management of Natural 1. Explosion of Tourists
1. Increase of Investment Profits Environment (increase of tourist by more than
(increase of tourists > increase of (preservation of primitive natural environment) 20% each year)
accommodations)
2. Strict Regulatory 2. Development of small
2. There is no Top Brand Requirements for Development Accommodation
(blue ocean area) (application of strict local government (limited supply for large development
standards) sites)

06
4. Changing(The HOT place, LOMBOK)

Axis of development ▷ Center of Development moves from Senggigi in North to Kuta in South
moves toward South → Transferred Airport to South and carry out large projects (3 places)

▷ Regions having excellent developmental environment maintain more

Rapid Increase of than 25% of price increase rate
Land Price → Land price has increased with government investment regions
(neighborhood of airport and surroundings of Mandalika) as the center
Expansion of ▷ isit of president and promise of 1.8 trillion RP out of national budget of 2016
Infrastructure → Carry out load construction projects and expansion of UT facilities of
Investment water for industrial use, electricity and telecommunication

Rapid Increase of ▷ Small accommodations are jumbled up close due to rapid increase of tourists
Tourists → Hotel brands higher than 5 star are "blue ocean" (Only Novotel in South)

Continuous ▷ Large developers from private sector express their intents to participate in investment
Expansion of Private → Aggravate difficulties in securing sites available for development
Sector Investment (exhaustion of superior land)

▷ Difficulty in securing land having superb accessibility and natural landscape

Struggle for
Securing Lands → Government is confirmed in holding its environmental policies
(environment protection in coastal area)

07
1,800,000
1,629,122
1,600,000
1,357,602
1,400,000
1,163,142
1,200,000
1,000,000 886,880
WISNUS
725,388
800,000 WISMAN
600,000
400,000
200,000
0
Sumber Data :
2010 2011 2012 2013 2014 DISBUDPAR NTB

08
 Mt.Rin
jani

SENGGIGI

MATARAM

PRAYA

MEKAKI MANDALIKA
255ha 1,250ha
ECO
KUTA 395ha

09
5. Governmental Main Concern

MATARAM, KOMPAS.com - President of

Joko Widodo for the first time visited the
Mandalika Tourism Area attractions in
Lombok, West Nusa Tenggara (NTB).In his
visit, President Jokowi expressed
amazement and praise the beauty of the
Friday, 10 April 2015 | 17:36 Western Indonesian Time
beach at Lombok's southern region. KOMPAS.com/Karnia SeptiaPresiden Jokowi usai meresmikan kampus IPDN di Praya, Lombok
Tengah, Nusa Tenggara Barat (NTB).

"I am absolutely amazed by its beauty, there are seven bays at there. I have never seen anything as good
as that, "said Jokowi after the visit to the Mandalika.
According to Jokowi, the area of Mandalika has a potential strength in the NTB that needs to be lifted.
This Government plan will do in the future.
Jokowi asking prayer for blessing to the community to immediately perform a basic infrastructure
development in this region. This is done so that next year's investment could quickly go to NTB.
"I told Mr. Governor that could focus on family tourism," said Jokowi.
Jokowi said, before visiting the Mandalika, Governor of NTB M Zainul Majdi had exposed in detail the
related tourism potential in the area of Mandalika, central Lombok. According to Jokowi, if the
investments go smoothly in this region, it will have a substantial multiplier effect (multiplier effect) and
absorbs more than 8,000 labor.
The upcoming 2016, the President promised to pour Funds amounting to Rp 1.8 trillion more than the
BUDGET for the construction of basic infrastructure in the region.

10
 ▷ Active Response of Administrative Agencies in attracting investment
(one-stop service)
Change of ▷ Systematic and Supportive Attitude for approval and permission
Administration
▷ Change of Residents’ mind against Developers
and Residents
▷ Developers' participation in creating jobs and minimizing of negative
impact on environment

▷ Airport was raised to International Airport status as it was transferred

to South
Changes in ▷ The roads between the Airport and Southern areas have been
Infrastructure renewed and newly constructed
▷ Infrastructure facilities of water for industrial use, electricity and
telecommunication have been expanded

▷ Investment Decision of 1.8 trillion RP out of national budget of 2016

(Visit of Mr. President)
Changes in ▷ Promotion with Mandalika project as the center of Development
Investment
▷ Accommodation Industry couldn’t respond on increase of tourists
Environment
▷ Completion of Preoccupancy of superb lands in South available for
development

11
6. Southern Project in LOMBOK
1. Size : 255ha
Mekaki Bay 2. Developer : Twenty One Development Group
Resort 3. Key facilities : Hotel, Villa, Golf Course

1. Size : 1,250ha
Mandalika 2. Developer : ITDC(Indonesia Tourism Development Corporation)
Project 3. Key facilities : Residential, Hotel, Villa, Golf Couse, Commercial,
Medical, Commercial, Marina

1. Size : 395ha
Tanjung Ringgit 2. Developer : Eco Region Indonesia
Eco Region 3. Key facilities : Hotel, Marina, Cultural Centres, Education

International Airport

MEKAKI
RESORT
ECO
REGION
MANDALIKA
PROJECT

12
▷ Government desires to develop South bound of Lombok substituting for Bali as the Mecca
of tourism industry
▷ Mandalika project the size of which is more than three times than Nusa Dua in Bali is managed by
government

ROYAL TULIP
LOMBOK

▷ Participating Companies ▷ Major events

→ MNC Group : Theme Park → Best festival of Lombok : Bau Nyale Festival
→ Gobel International : Natural Environment → Kuta, the center of Lombok : Clean, Beach, Service
→ Rajawali Group : Hotel & resort
13
 ▷ Use of the roads installed between airport and Mandalika free of charge
Saving of Production ▷ Benefits of free-riding and effect of saving of production cost
Cost from Using
Infrastructure Free of ▷ Decrease of installation cost of UT facilities of water for industrial use,
electricity and telecommunication
Charge
▷ Stable operations available through public procuration

▷ Increase of development pressure in surrounding areas from

Mandalika development
Maximizing Values ▷ Explosion of land development demand expected
with Development
Pressure ▷ Values of superb land having scenic beauty are expected to be maximized
▷ Much profits from sales upon investors' need expected
(ensuring cash-ability)

▷ Increase of tourism demand from integration of similar facilities

Increase of
Investment Earning ▷ Expectation of increase of investment earning rate from increase of demand
Rate from Economy of ▷ Various programs available for best operators
Concentration
▷ Finding new profit structure available due to effect of concentration profit

14
7. Business District(Accessibility)

New Road Complete

(Only 20 Minutes)

Existing Road
(25 Minutes)

15
16
8. Best Opportunity for Business

1. Strong Governmental ▷ Presidential Promise and Governmental Strong Commitment

Policy
▷ Change of Attitude of Local Government & Resident

2. Increase of Tourism ▷ Increase of Accommodation Demand ( No Top Brand)

Demand ▷ Land Price Rising above 25% per year

Government Tourism Business

Strategy Demand Opportunities

17
1. Major Progress

 2013.12 : BKPM Izin Prinsip (No.81/1/IP/PMA/2013)

 2014.05 : Perolehan Tanah Serta Perizinan-perizinan Daerah

 2014.05 : IZIN LOKASI (No.503.9/01/2014)

 2014.05 : IPPT (No.503.9/20/2014)

 2014.12 : SKKL/IL (No. 565,566/TAHUN/2014)

 2015.01 : IMB (No.32/Tahun/2015) – Villas

 2015.02 : Perolehan HGB Serta Sertifikat Tanah Global

 2015.02 : Ground Breaking

18
2. Ground Breaking Ceremony

Local Governor, Head Officers, Developer, Operator

19
20
1. Development Concept
▨ Site Area : 20,263.00㎡ (Include of Sempadan Pantai : 26,460㎡)
▨ Building Area : 7,328.67㎡
∙ Villas Floor Area : 5,547.94㎡ (1,2,3 Bedroom Total 61 unit)
∙ Facility Floor Area : 1,780.73㎡ (Lobby, Restaurant, SPA, Administration)

21
22
2. Construction Scheme
Construction Swimming
Division Site(㎡) Inside(㎡) Number Floors
(㎡) Pool
A 175.72 99.12 70.80 4.0m×8.2m 26 1F
B 162.36 98.17 69.00 4.0m×8.2m 13 1F
C 175.50 102.17 70.80 4.0m×8.2m 9 1F
1BED
D 180.90 104.11 70.80 4.0m×8.2m 1 1F
E 170.76 103.42 70.80 4.0m×8.2m 1 1F
Subtotal 50
A 223.65 192.76 178.86 4.0m×9.0m 4 2F
B 200.20 193.85 185.82 4.5m×8.5m 5 2F
2BED
C 320.65 196.88 135.10 4.0m×9.0m 1 1F
Subtotal 10
A 582.68 270.39 253.20 4.7m×9.5m 1 2F
3BED
Subtotal 1
Total 61

23
1. Business Stucture

Indonesia / Lombok Gov’t

Korea & Indonesia Construction

Approval Permition
Indonesia
Investor 1(Capital)
Capital/Funds Land Purchase
PT. The One
Land Owner
Partners SHM → HGB
Dividend Profit/interest Dividend Interest
Investor 2(Fund)
Profits Operate

Louvre Hotels Group Customer

(Royal Tulip-Lombok) (Buyer)

• Marketing
• Management Royal Tulip
• Villa, F&B, Utilities

Mortgage Loan
(Bank)

24
2. Business Partners(1) – Louvre Hotels Group

Louvre Hotels Group is one of the Best Hotels Group with its main office in France
(possesses more than 1,200 hotels in 48 countries as of Mar. 2015)

The size was recently expanded after entering into Asian market and becoming
a partner of Jinjang Group, a Chinese company
(To become one of the largest hotels group by possessing 2,800 hotels
in 50 countries with 345,000 guest rooms)

Attacking Asian market with 7 brands by taking over X2 brand of Thailand

(Kyriad, PREMIERE CLASSE, Campanile, TULIP INN, GOLDEN TULIP, ROYAL TULIP, X2)

95 projects are being developed only in Indonesia

(Expectation of explosion of ripple effect)

25
2. Business Partners(1) – Louvre Hotels Group

Most of Large Operators open Luxurious and Upscale Brands in each City
(Only 18 Louvre's Royal tulip brand are opened all over the world)

It is planned 95 hotels will be opened in Indonesia

(Only 3 out of them use Royal tulip brand)

Opportunity for individuals to acquire one of such total 3 Royal Tulip brands
(Only available in Royal Tulip Resort & SPA in Lombok)

Brands of Louvre Hotels Group in Lombok are three kinds and

Switching System applies
(X2, Golden Tulip, Royal Tulip Lombok)

26
3. Business Partners(2) – PT. Bank KEB Hana Indonesia, PT. Estetika

PT. Estetika

PT. Bank KEB Hana Indonesia

27
1. Master Schedule

28
 2. Monthly Construction Progress(1)

30.March.2015

23.Feb.2015

29
2. Monthly Construction Progress(2)

30.May.2015

15.Apr.2015

30
2. Monthly Construction Progress(3)

30.Jun.2015

30.Jun.2015

31
1. Keywords of successful investment

ROI Guarantee Private Ownership

32
2. Key Considerations

▷ Secure fixed earning rate compared to investment cost

→ ROI 40% for five years and 120% Buy-back Guarantee thereafter
Profitability
(fixed) ▷ Other conversion fixed profits
→ 30 day Use free of charge, purchase discount rate applies and
mortgage loan is connected

▷ Issuance of letter of guarantee

(to be issued by THEVOO GROUP, parent company of developer /project owner)
Stability → Guarantee for responsible completion of construction,
Guarantee for profit fixation
(Guaranteed)
▷ Contents as agreed in contract, escrow account (for the first time in Indonesia)
→ Refund available, available for renewal after 5 years, and profit preservation

▷ Increase of values due to development pressure of Mandalika project

→ Increase of land value
Growth
(Continuous) ▷ Increase of values due to increase of operational profits through
effect of concentration profits
→ Expectation of increase in revenue profits due to increase of tourists.

33
3. Standards on Sales
3.1 Pricing Standards
3.1.1 Standards for purchase price
▨ Development products
∙ RoyalTulip-lombok, the best product in Lombok consist of only 61 villas
∙ Only 45 out of total 61 villar are subject to Sale
▨ Pricing Table : Please refer to attachments (Standard price for sales in lots )
▨ Currencies required for purchases
∙ Overseas purchaser : USD
∙ Indonesian purchaser: IDR (Fixed - 1:11,500)

3.1.2 Actual investment - 70% of total Purchase Price

▨ Need to pay only 10% of down payment + 60 % of Interim Payment out of total price
for purchase
▨ The balance 30% may be paid with Mortgage Loan

34
3.2 Additional discount
3.2.1 In case of Hard-Cash : 10% discount off the price for Purchase(in case of
purchasing prior to 2015.06.20. )
▨ In cases where the price for sales are fully paid in Hard-Cash
- Discount rate (%) = (remaining months ÷ 2)
- Basis for remaining months : Dec. 20, 2016
EX) When a purchaser buys a villa in Dec. 2015 → (12 months ÷ 2)% = 6.0% D.C
▨ In cases where 70% of the price for sales are paid in Hard-Cash
- Discount rate (%) = 0.7 x (remaining months ÷ 2)
- Basis for remaining months : Dec. 20, 2016
EX) When a purchaser buys a villa in Feb. 2016→ 0.7% x (10 months ÷ 2)% = 3.5% D.C

3.2.2 Discount rate for purchasers buying more than 1 villa

▨ In cases where a purchaser buy more than 5 villas -> apply discount rate up to 5%
(based on standard price)
▨ Discount rate applicable based on the number of purchase

1 2 3 4 5

Discount
0% 2% 3% 4% 5%
Rate

35
3.3 Payment Term
▨ Payment in 20 installments (for the purchaser signing on purchase agreement prior to
June 20, 2015.)
▨ Purchaser must remit installment payments to Escrow Account on the 20th day of each month
∙ Down Payment : 10%
∙ Interim Payment : 60% (to be paid in installments payment for the period from payment of
down payment to Nov. 2016- available to make installment payment up to 18 installment
payment)
∙ Balance : 30% (may be paid with Mortgage Loan)
Down payment Middle payment Balance
Payment
10% 60% 30%
rates
Payment Upon execution of Installment payments (the within 30 days after completion of
dates purchase agreement 20th day of each month) construction

3.4 Method of execution of purchase agreement

▨ Purchase agreements must be written by Indonesian and English.
▨ Execution of purchase agreement has two stages:
∙ PPJB : when purchase agreement is entered into (purchase agreement is available to be
entered into under the name of foreigner's name and resale is available)
∙ AJB : when construction for the project is completed (the purchase agreement is available
to be entered into under the name of final purchaser and it is necessary to decide such
name prior to completion of such construction)
36
4. Securities and Guarantees
4.1 Securing Safe Investment
▨ ESCROW ACCOUNT (By Bank KEB Hana INDONESIA) : Withdrawal is only available when
relevant process rate of construction is satisfied. (for securing payment for purchasing
villas )
▨ An agreement will be entered into for refunding 100% of payments which have been
already made for the cases where construction process rate of project is less than 60% until
June, 2016. (Interests for such period will be paid additionally while refunding such payment)
▨ Joint and several Guarantee will be issued: THEVOO Engineering Group, a Korean company
and parent company of PT.TOP, will issue a guarantee letter for completion of construction

4.2 Profit guarantees

4.2.1 Guarantee ROI 40%, for 5 years(guarantee 8% ROI for each year)
▨ A profit guarantee agreement ("PGA") will be entered into for making a fixed payment
of ROI 8% per annum.
▨ Additional PGA for renewal will be entered into for guaranteeing profits every 5 years.
(Available to select either ROI 8% guarantee or profit sharing)
4.2.2 Buy-Back System
▨ Repurchase agreement will be entered into five years after completion of construction for
initial purchaser to repurchase villas by paying 120% of the initial purchase price which has
been actually paid. (only year 2022 )
4.2.3 Profit guarantee
▨ 16 villas owned by PT.TOP will play a role as security.
▨ An agreement will be entered into for paying for ROI firstly with the profits from 8% ROI
and ancillary facilities (restaurants and spa) generated from such villas owned by PT.TOP.
▨ THE VOO Engineering Group, parent company of TOP, will issue a profits guarantee letter
37
 4.2.4 Realization of marginal profit through resale
▨ Resale or transfer of villas purchased will be available before AJB is entered into
∙ It is expected that profits would be generated from resale of purchased villas prior to
completion of construction

5. Benefits & Additional Details

5.1 Benefits
5.1 This project has a system under which a purchaser can own a villa through sales
and purchase and it is the first one among top 10 hotels in the world
5.2 30 Point can be used each year free of charge(available for using anonymously)
5.3 Switching system
Other Benefits
▨ Available to 100% Free Ownership
Ownership
▨ Profit Sharing(60%:40%) of unused period
Make support for Contract ▨ Seller will bear expenses for execution of agreement(PPJB)
fees ▨ Seller will bear expenses for notarization(notary's fee)
▨ Seller will bear expenses for PMA establishment for purchasing
Make support for Corporate
and operating villas - only for overseas purchasers
Establishment
▨ Seller will continue to act on behalf of purchasers in managing
(100%)
company of purchasers
Provide tax-related services ▨ Seller will provide tax payment advice to the purchasers
Bear expense for inviting 2 ▨ Seller will provide flight fare for purchasers
person upon completion of ▨ It will be available for Purchasers to lodge in RoyalTulip-
construction Lombok

38
5.2 Additional Details
5.2.1 Credibility of carrying out business
▨ 100% Free Hold(HGB)
▨ managing by 5 star Louvre Hotels Group (HMA agreement)
▨ using the best brand Royal Tulip of Louvre Hotels Group
▨ fully securing land ownership (HGB)
▨ fully obtaining licenses and approval necessary for this project (AMDAL, IMB)

5.2.2 Tax-related matters

Items Party bearing taxes Note
① VAT(PPN) - 10% of contract price → to be borne by purchaser

② Sales tax (BPHTB) - 5% of contract price → to be borne by purchaser

③ Property tax (PBB) - 0.3% of appraised

→ to be borne by purchaser
value of land
④ Luxury tax - not applicable at present → to be borne by seller only for the
but if required in the future (project owner ) purchasers in 2015

⑤ Income tax - 10%, lease income → to be borne by purchaser Tax on ROI 8%

39
PT. TOP is not only to offer our Customers a Beautiful Villa.
We are offering our customers 3 Commitment. First Healing, Second Pride, Third Profit.

40
3. Land Certificate(HGB)

41
4. Construction Permission(IMB)

42
5. Pool Villa Supply Status(Bali, LOMBOK)
5.1 Bali(Case Study)

ST. Regis
W Hotel

Anantara Bvlgri Hotel Alila Villas Banyan Tree

43
Development Case
1. W Hotel Seminyak
Outline
☞ Location : Jl. Petitenget, Kerobokan Seminyak Denpasar Bali 80361 Indonesia
☞ Land Size : 7.8Ha ☞ Developer : STARWOOD
☞ Start Operation: Year 2010 ☞ Operator : W HOTEL ☞ Annual Occupancy Rate : above 70%

Scale projects
W Hotel Seminyak
Size Selling Unit Price (USD/per day)
Division NO. Price(USD)
(㎡) AGODA WEB
Wonderful garden view Retreat 64 No Sale 369++ 380++
Spectacular Ocean Glimpse 64 389++ 420++
Retreat
Hotel Spectacular Ocean Facing Retreat 64 460++ 460++
Wow Suite 274 - 2,000~2,500++
Extreme Wow Suite 532 - 3,000++
Subtotal 158
One Bedroom Pool Villa 65 225 3,000,000 498++ 567++
Two Bedroom Pool Villa 10 352 4,500,000 - 978++
Villa
Three Bedroom Pool Villa 4 625 6,000,000 - 2,560++
Subtotal 79
Todal 237
Source : Web Page, AGODA, Hotels .com, Internal Information
Sale conditions
☞ Sales Rate : Completed (Villa) ☞ Possession Period : Free Hold

44
Development Case
2. Anantara Uluwatu
Outline
☞ Location : Jl. Pemutih, Labuan Sait Uluwatu Bali 80364, Indonesia
☞ Land Size: 1.7Ha ☞ Developer : PT. Tiara Inti Mulia
☞ Start Operation : Year 2012 ☞ Operator : Anantara ☞ Annual Occupancy Rate : 70%

Scale projects
Anantara Uluwatu
Size Selling Unit Price (USD/per day)
Division NO. Price(USD)
(㎡) AGODA WEB
Ocean Suite 30 84 500,000 288 270~588
Ocean Pool Access Suite 10 84 500,000 310 291~618
Ocean Front Suite 14 84 600,000 322 312~648
Hotel
Ocean Front Pool Access Suite 6 84 600,000 369 347~1,015
Penthouse 2 336 5,000,000 - -
Subtotal 62
Two Bedroom Garden View Villa 3 143 2,000,000 - -
Two Bedroom Ocean Front Villa 3 143 2,500,000 - -
Villa Three Bedroom Garden View Villa 4 243 2,500,000 - -
Three Bedroom Ocean Front Villa 4 243 4,500,000 - -
Subtotal 14
Total 76
Source : Web Page, AGODA, Hotels .com, Internal Information
Sale conditions
☞ Sales Rate : 60%
☞ Possession Period : 45 Lease Hold
45
Development Case
3. BULGARI
Outline
☞ Location : Jl. Goa Lempeh, Banjar Dinas Kangin Uluwatu, Bali 80364 - Indonesia
☞ Land Size: 8Ha ☞ Developer : BULGARI Internally Development
☞ Start Operation : Year2006 ☞ Operator : BULGARI ☞ Annual Occupancy Rate :
80%
Scale projects
BULGARI
Selling Unit Price (USD/per day)
Division NO. Size
(㎡) Price(USD) Hotels.com WEB
Bulgari Villa 1 1,300 - - 7,000++
Ocean View Villa 31 300 1,000++ 1,000++
Premium Ocean View Villa 12 300 1,100++ 1,100++
Villa
Ocean Cliff Villa 8 500 1,486++ 1,500++
Two Bedroom Villa 7 500 1,736++ 1,750++
Subtotal 59
Total 59
Source : Web Page, AGODA, Hotels .com, Internal Information
Sale conditions
☞ Sales Rate : - ☞ Possession Period : Free Hold

Remarks
☞ Luxury Brand BULGARI open 2nd Hotel in Bali year 2006 next to Milano in Italy
☞ Nowadays Operating 4 places : Milano, Bali, London and Shanghai

46
Development Case
4. Alila Uluwatu
Outline
☞ Location : Jl. Belimbing Sari Banjar Tambiyak, Desa Pecatu, Bali Indonesia
☞ Land Size: 14.4Ha ☞ Developer : PT Bukit Uluwatu Villa
☞ Start Operation : Year 2009 ☞ Operator : Alila ☞ Annual Occupancy Rate : 80%

Scale projects
Alila Uluwatu
Selling Unit Price (USD/per day)
Division NO. Size
(㎡) Price(USD) Hotels.com WEB

One Bedroom Pool Villa 65 291 1,000,000~ 652~720++ 675~775++

Villa 1,500,000
Three Bedroom Pool Villa 5 1,300 5,200,000 2,760++ 2,220++
Total 70
Source : Web Page, AGODA, Hotels .com, Internal Information
Sale conditions
☞ Sales Rate : 1Bed Sold out, 3Bed Completed 4 of 5

☞ Possession Period : Free Hold

☞ R.O.I : 50% of Operating Profit as purchasing present time

Remarks
☞ Sold out all except 20% of 1 Bed Villa as the Owner possess
☞ 3 Bed Villa : Sold 4 of 5
☞ New Villas sized 7 ~ 8 HA will start to contructe next to Alila Uluwatu Villa
(start May of Year 2013)
47
Development Case
5. Banyan Tree Ungasan
Outline
☞ Location : Jl. Melasti Banjar Kelod Ungasan Bali Indonesia
☞ Land Size: 10Ha ☞ Developer : Banyan Tree
☞ Start Operation : Year 2009 ☞ Operator : Banyan Tree ☞ Annual Occupancy Rate : 82%

Scale projects
Banyan Tree Ungasan

Size Selling Unit Price (USD/per day)

Division NO. Price(USD)
(㎡) Hotels.com WEB

One Bedroom Pool Villa 59 403 1,800,000 710~1,015++ 710~1,130++

~2,200,000
Villa Two Bedroom Pool Villa 11 565 3,500,000++ 1,210~1,410++ 1,210~1,560++
Presidential Villa 3 1,210 5,800,000++ - 5,000++
Total 73
Source : Web Page, AGODA, Hotels .com, Internal Information
Sale conditions
☞ Sales Rate : 1Bed Sold out, 3Bed sold 4 of 5

☞ Possession Period : Free Hold

☞ Guarantee : R.O.I 8% / per 3years

Remarks
☞ Start Year 2009 and Sold out Year 2010

☞ Presidential Villa : only sold 2 of 3, The Owner live in the rest

48
5.2 LOMBOK(Case Study) : Not Selling and Operating Only in LOMBOK
Royal Kamuela
Division
1Bed 2Bed
Sale Price 520,000$ 615,000$
Total land area 364㎡ 1,428$ 492㎡ 1,250$
Total Gross Bultup area 189㎡ 2,751$ 273㎡ 2,252$
Total Net internal area 98㎡ 5,306$ 140㎡ 4,393$
Pool SIZE 7.6 X 3.6 10 X 4

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6. Development & Land Price Rising Report of Bali
6.1 Central Area of Bali : Kuta and Sanur
▨ Bali has been developed focusing around Kuta and Sanur, especially Ngurah Rai International Airport opened in
the area in 1969, was a main cause of the chaotic development of rapid growth without governmental control
▨ Lack of enough supplication of Infrastructure than on sustainable development, new Development was needed,
for the growing demand of tourists and luxury Hotel can locate in a new area

6.2 Nusa Dua the newCenter of Bali

▨ Government was promoting the Nusa Dua development from 1973, but the challenges faced by oil shock, etc.
▨ 430 Rooms Hotel firstly opend at Nusa Dua in 1983, thecontinued growth was sustained in the future
▨ However, Rising Price of surrounding Area has occurred rather than Nusa Dua area owened by government
- Mainly in the southern Bali which is the time to secure the land wars of the beginning of enterprises and evelopers

6.3 The rapid growth in the southern part of Bali

▨ Nusa Dua is the lease land, and has developed into a 3star hotel rather than the high-end
▨ In the surrounding area of Nusa Dua the Developer held the land and located Top Brand Hotels
- St.Regis, Mulia, Nikko Bali, Rits-Carton, Banyan-tree, Alila, Bulgari etc,
▨ The price of land in southern Bali is rised 50 to 100 times compared with 15 years ago ( interviewed with Owners)
▨ In southern areas of Bali currently is underway ongoing -development by large hotel operators.

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6.4 Local Real Estate’s around Government Projects Changing Trends
▨ Rising Trends of Real Estate in Lombok got similar developing circumstance with Bali are very similar and clear.
▨ Airport opening, Bali Nusa Dua and LOMBOK Mandalika project will offer the best investment opportunities
100 Times
Sheraton Mulia(‘12)
Karma Kandara (‘09) Bali
Novotel(‘07)
75 Times

50 Times Nikko Bali(‘96)

Intercontinental, Four Seasons(‘93)
LOMBOK
Grand Hyatt(‘91)
Madalika Hotels Open (‘18)
25 Times Royal Tulip LOMBOK Open(‘17)

Yr.1970 Yr.1980 Yr.1990 Yr.2000 Yr.2010 Yr.2020 Yr.2030

Open Bali Open Bali Bali APEC (‘13)
International Nusa Dua Bali 3 Project Completion(‘13)
Airport (‘83) Open LOMBOK International
(‘69) Airport (‘11)
Source) Basis on the Interviews with Land Owner and Hotel Officials

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