Bali Property

SC Global buys Bali resort site

SC Global Developments is acquiring a resort development site in Bali for US$32.5 million (S$40.69 million) via a wholly-owned subsidiary called Tanah Investments Pte Ltd (TIPL). TIPL will acquire shares in two companies, Lotusvale Ltd and Tannerson Ltd, to form an entity, PT Tanah Green Investments (PTTGI), which will undertake the acquisition of the site. SC Global said the price tag was based on a...

In Bali, bamboo is the bricks and mortar

When Macarena Chiriboga came to Bali in 2009, she had just finished a master's degree in architecture in the United States, doing her thesis on the use of bamboo as a building material. The trip was meant to be a vacation. But drawn by the unusual architecture of a school on the island - the Green School, whose buildings are all made from bamboo - she was soon back, and is now designing buildings for the...

Ascott to launch its first serviced residence in Bali, Indonesia

The Ascott, CapitaLand's wholly-owned serviced residence business unit, has expanded its presence into Bali, Indonesia. It has won a contract from Indonesian developer PT Rudy Indopratama Sejahtera to manage a 174-unit serviced residence in Kuta, to be called Citadines Bali Kuta. The new serviced residence, which is targeted to open in 2012, will be located on the main arterial road of Jalan Raya Kuta,...

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