Branded Residences Build on Bali
Saturday, March 31st, 2007 by adminBranded residences are currently stamping their intentions on Bali, with Banyan Tree and St Regis promoting their upcoming developments in key markets across Asia, including Singapore, Jakarta and Hong Kong. Both resorts are scheduled to open in the first half of 2008 and are now focusing on early sales of their properties.
The 73-villa Banyan Tree Ungasan staged its first official public launch in Jakarta in mid-March, after about 20 units had earlier been sold or reserved in previews. “The weekend went quite well, with about 120 people attending and more than a dozen expressing serious interest,” said Johannes Suriadjaja, President Director of Sitiagung Makmur, the property’s developer and a subsidiary of Surya Internusa, whose previous hotel projects include Melia Bali Villas and Spa Resort, Gran Melia Jakarta and Melia Purosani Jogjakarta.
“This segment of the market is quite high end and many have heard of or stayed at Banyan Tree. Many were surprised to hear that they could buy properties at Banyan Tree Ungasan, because the likes of Four Seasons, Aman, Ritz-Carlton and Bulgari don’t have properties for sale in Bali.”






