The Malaysian Star reports on May 28 that Malaysian investors hedge their investments by buying property abroad. Popular locations are New Zealand, Australia, Singapore and Great Britain, but also Bali is mentioned in the article.
Quoting Mr Lee, deputy director of Colliers International Property consultants:
'Indonesia, especially Bali, is also one of the places Malaysians invest in – cash-rich individuals looking to buy resort developments, private villas and other such properties.'
'Bali's resort developments are a favourite as they are relatively cheaper compared with the other resorts in the region – for example, it is one third the price of resort properties in Phuket. We also speak a similar language.' he said.
Lee said the company was not aggressively moving into the overseas property market but rather catered to a niche market with resort properties such as the Angsana Resort and Spa in Bali.
Read the full article here: http://biz.thestar.com.my/news/story.asp?file=/2007/5/28/business/17843352&sec=business |
Tara Palmer Tomkinson has bought a place in Bali. According many news sources, each bedroom has an en-suite swimming pool. She says, 'I just wanted something on that side of the world.' It will be her third home - she already owns a London penthouse and a Swiss chalet.
'It cost about £1million but I got a discount,' she says. She also will be setting up an orphanage in Bali.
Besides appearing on numerous (comedy) TV shows, Tara Palmer Tomkinson is an accomplished concert pianist having played at the Royal Festival Hall with the National Symphony Orchestra.
Ah well Tara, there are some cheaper properties as well in Bali....
She is not the only celebrity who likes Bali. Mick Jagger and Jerry Hall married in Bali (1990), and Bali Adventure tours mentions Julian Lennon, Steve Irwin, Dolph Lundgren, Jean-Claude Van Damme, magician David Copperfield, model Claudia Schiffer and even David Beckham as guests.
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