Thread: Need opinion on a serviced apartment development...

This must be a joke :lol: , if it's not... sorry, but your questions don't make sense at all.
you should know what kind of people live in that area or would want to live there, price of land, price of building, and then the estimated/desired return on investment calculated by XX years timeperiod, would determine the rental costs.
target-market..since you say it's going to be 'studio-room' setup, forget about people (expats) with a child or children.
but to humour you here are some answers to your questions :
single, no children.
as low as possible.
if it aint worth staying there in the first place, I wouldn't. so if I'm already living there it would be long term...timeframe is variable because of many reasons.
basic in-room facilities...enough poweroutlets, hot/cold water in the kitchen and bathroom, in the bathroom a sink, bathtub with seperate shower, western toilet :) . in the kitchen 3 or 4 burner stove with exhaust going outside, since it's a studio-style appartment..a eating-bar (separating the kitchen from the livingroom area), guess for saving space a sleeper couch would be adviseable, so the tiles would have to be scratch-proof, and last but not least ofcourse a good AC. oh and dimmable lights
other facilities..nope.
I would advise that any space that has been calculated for either a resto or gym or swimmingpool add that space to any rooms to make it a two-room appartment (seperate bedroom)
now all this well meant advise you get for free :) , any more advise is going to costs you buddy :mrgreen:

I think it is a good idea doing this kind of development, of course you would need to consider ROI, occupancy rates etc.

I think there is a good market for studio or 1 bedroom style accommodation. Maybe something above a kos, but not quite a fully serviced apartment. At the minimum I would like a small kitchen, small lounge. I like having the bedroom separate. A balcony is also nice. Decent wifi and cable tv is a must.

I would be prepared to pay around $400 a month for this. Adding a pool/restaurant/gym is only going to make the expenses higher, so I think it would be better not to have these extras.

Your welcome :) . like I said above "if not", followed by my comments.
one more thought...if you want to target expats working in that area, try to establish contacts with the people who employ them. don't know if there are any mayor employers who have multiple expats working for them, but striking a deal with a business who has, would ensure a good occupancy rate. hope you know how how mean?
aha, like so many things here on Bali...the way of calculating is the other way around...first establish targetprice and from there calculate your costs...totaly opposite of what I know. No problem though, whatever works is good..

@spice, you want a seperate bedroom, wifi, cable tv....so your toilet can be in the middle of the living area? :lol: , just joking :D

JC, I don't doubt Bali is suffering right now and if it gets any worse, there is a good chance that people will eventually be put off by the place, if they haven't been already.

One problem is the government is just looking for growth in tourist numbers. The more tourists that visit Bali, the more successful they feel. As some reports are showing, there are more people coming here, but they are staying for shorter periods and spending less.

It is something for the OP to consider though. If his father already owns the land the best ROI might be to lease it to someone.

If I was him though and still wanted to go ahead with the project, I would be targeting people like nomad4ever, who travel to different countries for months at a time, but don't necessarily want to rent a whole house.

I stayed in a kos in Medan and it was just as nice as a decent budget hotel and it had a communal kitchen. It had free wifi, hot water, key card security. That is something I would be looking into.

I think expats that come here for work, like hotel management usually get housing as part of their contract and wouldn't be the best market to target.

Originally Posted by JohnnyCool

I'm not convinced that caring Balinese have enough time left to "fix" things.

there's enough time, just not enough caring balinese.
Can't blame them though,also wanting to get a pice of the pie...They (balinese like the OP or his father) see foreign investors making money by building condo's/houses/villa's/hotels, so logically if you already own land and have a buck to spare...build something like this too and make money. If a foreigner can..why can't I (balinese) do it too?
I do understand what you're saying JC, and I agree with you too...but I can also understand the mindset of a Balinese like I described above.

Originally Posted by spicyayam

I think expats that come here for work, like hotel management usually get housing as part of their contract and wouldn't be the best market to target.

yep, that's why I suggested to contact he employers/businesses that hire Expats :) .

Something is definitely going on here... The previous owner of the land I own has just chopped down a lot of the trees on his remaining property (just last week) so that he can develop/build a kos like rooming house in Denpasar. They are known locally as fairly canny business men.

On my visa run talked long and hard to a German lady employing many Balinese, mainly in Denpasar but also in the countryside to do her hand work (clothing, sequins, decorations, etc.) but her main problem was that she couldn't get enough rooming for her local employees....

Hmmmm 2 + 2....