Buying off-plan: what is it?
Buying off-plan property is when someone buys a property from a builder’s plan instead of a pre-existing property.
Most of Mirah Investment & Development’s projects are available for purchase during and even before a project’s construction phase. In fact, almost all projects are sold-out long before they are completed.
Kiara Ocean Place is a luxury serviced apartment building in Batu Belig – it has almost sold out from off-plan sales after only launching in November 2022. Currently, one unit is available from a total of 62 apartments.
There are plenty of benefits for potential investors and buyers; all of which can lead to a substantially higher return on investment for Bali real estate.
De Vello - Off-plan Villas in Berawa, Bali
The benefits of buying off-plan property in Bali
One can explore numerous Bali investments, but few offer as many benefits as off-plan property. These are as follows:
Saving money on Bali investments
The most obvious advantage of buying off-plan property is that investors can purchase a new property below market value. Typically, savings are around 5%-10%. That puts savings in the tens of thousands – making it a great, low-cost way to start an investment portfolio.
High capital appreciation
Aside from purchasing the property at a better price, the potential for high returns is present from the capital appreciation on the asset once construction is complete. Mirah Investment & Development often see a 20% – 25% increase in asset value upon completion.
Some highlighted examples:
- Secana Beachtown: Early investors who bought off-plan reported a return on investment (ROI) of 35% once nearing completion.
- The Ombak Dua Luxury Residence: Early off-plan buyers reported an average of 40% in returns from the purchase price to the property value upon completion.
- Cocana Resorts: Early off-plan buyers of the Lagoon Suite bought an asset that sold more than double its original price.
Security & flexibility
Off-plan properties allow you to get in on the ground floor of a new development, securing your investment early on while there is still availability. Additionally, off-plan properties often come with an extended payment plan that allows you to spread the property’s cost over time.
Quality, time, and resources.
Buying an off-plan property provides you with the unique advantage of being able to see the construction phase. For example, Mirah Investment & Development provide off-plan buyers with periodic construction update videos and images – letting buyers keep an eye on the process and giving them peace of mind about the build quality.
Mirah Investment & Development takes care of the design and builds process from start to finish. It’s less time-consuming for buyers than overseeing a construction project for themselves and diminishes issues or surprises as to the build quality that you might get from buying a pre-existing property.
Buying off-plan means you can sit back, relax and reap the benefits without the stress.
In-demand and high-quality properties
Mirah Investment & Development’s mission is to provide investors with the best opportunities possible. This is accomplished by only building high-quality properties in in-demand areas. The services don’t end with design and construction – on top of the legal, taxation, and immigration services provided during the purchase process – Mirah Investment & Development often offers optional rental management programs for their developments, giving investors a white-glove service, that is with them throughout the entire lifecycle of their investment.
How to buy off-plan property in Bali
Now knowing the definition of off-plan property and all its benefits, how does one go about buying property in Bali?
Mirah Investment & Development has several ongoing and upcoming development projects to choose from in the best locations across Indonesia.
Contact the sales team to learn more
Contact us today to secure your slice of luxury, tropical living.
