Property in Bali to rise by 10%??

Source from property guru

"Property prices on the Indonesian island of Bali could rise by as much as 10 percent, according to forecasts issued by Bank Indonesia citing fluctuations in fuel prices as the main reason.

Speaking to reporters last weekend, the Head of Bank Indonesia Bali Dewi Setyowati said: “It is estimated that the market outlook for properties (primarily home) is still good, in line with the estimated increase of about 5 percent to 10 percent in prices.”

She added a number of government policies that are positively supporting both businesses and employment influenced her predictions.

The Central Bank had previously surveyed members of the Indonesian Real Estate Association (REI) and the Indonesian Real Estate and Broker Association (AREBI), and that revealed favourable business conditions that are forecast to remain positive in 2015.

“The indicator is the consumers demand for properties less than Rp1 billion,” Setyowati added, noting prospective areas considered for development with the selling prices around Rp1 billion include Tabanan District, Negara District, Klungkung District, Bangli District, and the eastern region of Karangasem District.

She also cautioned that developers will likely become more selective in selling or marketing their properties."

Bali has now become a tourist country. A few months ago, when i visited bali, about 2/3 of the people there were foreigners. Westeners love the sun, beaches and food catered to their taste. I won't be surprised if it Bali would be their Top few islands to retire in. 

Malaysia is third best place to retire

Was reading property guru. Malaysia has been voted the world’s third best place to retire based on International Living’s Annual Global Retirement Index for 2014.

Malaysia came in behind Ecuador, Mexico and Panama, but was ahead of all retirement destinations in Asia. Other Asian nations included in the index, although way behind Malaysia, were Thailand, the Philippines and Vietnam.

Under the caption “Malaysia – Great Value for Money in a Cultural Melting Pot”, the index noted that more and more expats see the amazing opportunities offered by Malaysia each year.
“The country has one of the most robust economies in Asia, and this is reflected in the consistently high standard of living available to locals and expats alike. It’s just one of many factors that led to it being ranked the highest Asian nation in this year’s index,” it shared.

Why is Malaysia a great places to retire?

1. Quality of life within the country is considered to be excellent and cost-efficient. 
2. Explore innumerable natural, historical, and cultural treasures that Southeast Asia has to offer. 
3. The proliferation of cheap Asian airlines in recent years has made it easier (and more affordable) than ever to explore Thailand, Indonesia, India, and Japan. In Malaysia, Asia is truly at your doorstep”.

International Living cites the example of Thomas O’Neal, a New Yorker who lives in Penang.
“I rent a 1,600-square-foot apartment with an amazing pool, just five minutes’ walk from the ritzy Gurney Plaza shopping mall,” O’Neal is quoted as saying.
“It costs me just US$ 850 (RM3,000) a month. I don’t need a car, either, so I’m saving money left, right, and centre. I love the weather – 82 degrees Fahrenheit on average – and the ease of getting to Thailand, Cambodia, Vietnam, and Laos. When you combine that with a cost of living of US$ 1,500 (RM5,295) per month, including my rent, it’s almost unbeatable.”

Nonetheless, International Living informs potential retirees that “ultimately no list or formula can automatically deliver the best destination for you. Only you can decide that”.
“Only you can assess your personal preferences, needs, budget and desires, and look at the options available to see which nation best suits your needs”.

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