The Layar is a five star private gated community, comprising of 22 unique villas, a large communal green area, reception, guests’ parking, and all the facilities needed to provide five star service. The total area of the estate is 16,800 sqm (172,222 sq ft), with 27% dedicated to common facilities. The total built area comprises of just 25% of the total, probably the lowest in a residential development in Bali. Each villa in The Layar sits on a generous plot of land, ranging from 450 sqm to 750 sqm; the average plot size is 600 sqm. The villas come in two and three bedroom configurations, each with landscaped tropical gardens, a curvaceous swimming pool, open-air Jacuzzi, and private parking.

The value of Seminyak lies in what it has to offer as much as in its privileged position on the island. Bali is famous for countless activities and attractions on offer to its visitors, and Seminyak is the ideal location to easily access and enjoy all facets of Bali. Please see the map below to get clear the property situation.

Ownership

The Layar is being delivered with a 90 years lease, offered in two packages:

  • 10 villas have 50 years of lease paid upfront with a secured option of 40 years.
  • 12 villas have 50 years of lease paid upfront plus two secured consecutive options of 20 years.

The options have been secured in all details, and will be exercisable during the last year of paid lease, at the market price of the land un-built.

Leasehold is the only legal way for a foreigner to own a land in Indonesia, and lease agreements will be registered directly in buyers name without the need of an Indonesian nominee.

All lease agreements and legal documentation have been prepared, and due diligence carried out, by Austrindo Law Office, an Australian owned and managed law firm with several years of experience in Bali and Indonesia.

The costs that an owner must sustain when participating to the rental pool are grouped in two families:

  • A fixed Estate Fee. This is an annual fee that covers the costs incurred by the Estate Manager in providing all the common services, and a management charge for the provision of the services and the use of the facilities owned by the Estate Manager. Services include the cleaning and maintenance of all common areas like garden, pathways, water features; 24 hr reception, security and shuttle service; the distribution of water, electricity (including back-up generator), internet and satellite TV, and sewage systems; all administrative and legal expenses to run the estate including insurance, relationships with the local community and daily offerings. All these cost are budgeted annually and paid for in advance. For the first year they have been calculated as 4,000 USD for a two bedroom villa, and 6,000 USD for a three bedroom villa. In case of surpluses at year end, these are carried over to diminish the cost of the following year. This is the only fixed cost an owner must pay.
  • A variable Marketing Fee. This is a monthly fee equal to 45% of the Villas Rental Revenues. This fee covers all the operational costs to run the villa and rewards the management company for its expenses and success in marketing the villa. No other hidden costs are present.

For more info here is the official site: http://thelayar.ppbali.com/homepage.php

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