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St. Regis Resort & Residences, Bali Attracts Hong Kong and Singapore Buyers

eTN

(Hong Kong – 26 February, 2007) – Hong Kong and Singapore investors are snapping-up luxury villas at preview sales of the ultra-exclusive St. Regis Resort & Residences, Bali.

A quarter of the development of 64 luxurious hotel villas and residences priced from US$700,000 has so far been reserved following preview weekends in Hong Kong and Singapore. Enthusiastic interest indicates even more sales are likely before the official ‘grand launch’ of the first St. Regis branded residences in Asia in mid April. “We are very pleased with the enthusiasm and strong purchase interest levels from our Hong Kong and Singapore sales weekends,” said sole marketing agent Jerry Tan, managing director of JTResi. He expects the sales momentum to be boosted with the opening of a ‘show villa’ in March, followed by the official launch. Complete with an unprecedented range of bespoke services and special privileges, the resort is the first in Asia offering the opulent St. Regis lifestyle concept, providing investors the opportunity to own prime real estate managed, maintained and marketed by one of the world’s most admired hotel and resort operators. It is also the first St. Regis resort in the world to offer all-suite accommodation. Due for completion in 2008, the resort property will enjoy one of the most desirable locations on the idyllic Indonesian island -- on the beachfront in the upmarket Nusa Dua area, bordered by Bali’s leading golf club. With beach, garden and lagoon locations, the villas range from one-to-two bedrooms, sized from 141 to 233 square metres. Fully furnished with concealed air-conditioning, ensuite bathrooms, walk-in wardrobes, wooden terraces and private pools, the hotel villas are designed by international architects in traditional Balinese style with carved doors, local artefacts, ironmongery features, high-vaulted ceilings and skylights. In their own landscaped gardens, the hotel villas feature such luxuries as Plasma TVs in the living room, bedroom & ensuite, internet links, phones, cable sound systems, key card security, smoke detectors and sprinklers, and even a ‘Martini bar’. Butlers have separate access. Prices are subject to 10% VAT and include a guaranteed return on investment of 7% annually for the first three years. Mr Tan said one of the key market for the high-end villas was expatriates employed by financial institutions and multi-nationals in Hong Kong and Singapore. “Their impressive annual bonuses continue to increase, enabling them the indulgence of divesting their lifestyle / investment portfolio in luxury real estate around the world,” Tan stated. The Bali launch follows the successful launch of St. Regis Residences, Singapore -- two 20-storey towers of prestigious three and four bedroom apartments and penthouses at the top end of the luxury real estate market adjacent to the new St. Regis Hotel, Singapore. On a dynamic growth path, St. Regis Hotels and Resorts is projected to double in size by 2009 with a spate of exclusive projects pioneering the “branded residences” concept. Boasting some of the most celebrated properties in the world, the company founded by John Jacob Astor with landmark St. Regis Hotel, New York over a century ago is currently enhancing the brand's legacy in Mexico City (2007), Punta Mita, Mexico (2007), Singapore (2008), Anguilla (2008), Atlanta (2008), Bahía Beach, Puerto Rico (2008), Costa Rica (2008) Deer Crest (2008) and Bal Harbour, Florida (2009). Personalized service and amenities, enviable locations and luxuriously localized design are recognized worldwide as hallmarks of the St. Regis experience. The St. Regis Hotel, New York was recently named the number one hotel in the world by Institutional Investor magazine -- the first New York hotel to win the coveted top spot in the survey’s 25-year history. For more information on St. Regis Hotels & Resorts, please visit www.stregis.com.

 Printable Version  | published Feb 26, 2007