Really looking forward to following your blog. We also support Muzza. Makes our journey towards retirement in Bali less daunting. Like Karen I am also an artist so Bali is a perfect place for me. Next year will be my 17th trip over . Have been a Baliphile since the 1980’s
@@cherylguthrie9226 yes I am just going to continue to walk and if I see a development I will go in and have a look and try to get some info for everyone . I’m just showing what’s around and what you get for your money👍
Jl Pasar 11 not far from night markets I know this Villa, I was staying at a homestay on the same Rd with a friend in March. I actually went in to have a look around the complex. Sorry Richard, everyone is asking you questions because I shared a video. I was just so excited to see it. May not be the same one, but sure looks like it. I looked at a couple there. Anyway, I’ve put the address, as I remember it. The price is on the video I think. ❤bring on retirement
Jl Pasar 11 not far from night markets I know this Villa, I was staying at a homestay on the same Rd with a friend in March. I actually went in to have a look around the complex. Sorry Richard, everyone is asking you questions because I shared a video. I was just so excited to see it. May not be the same one, but sure looks like it. I looked at a couple there. Anyway, I’ve put the address, as I remember it. The price is on the video I think. If you wander around, you’ll see some being built. I’m cheeky and always ask to go in. I’ve never been nocked back. 😅 I just need to bring my retirement funds forward now. 🎉 Wishful thinking 😢
Hi, I just wrote an essay, lol thinking I was answering you with the address. It’s a bit further up. lol so sorry. This is a new concept for my old head. 😮x
Those who think that the price is cheap at A$12,750 per year are falling for the usual Bali property bubble trick because they’re not accounting for either the cost of capital or the associated costs and risks for a foreigner who wants to live in Bali. In this case the villa owner is taking the lessee's A$255,000 capital upfront (it will actually be more because that's not a bank foreign currency transfer exchange rate) when it could currently be earning the lessee a conservative compounding long-term interest rate of 6% PA (or 15% + if it's still in yet-to-be-liquidated Australian property) so that capital is actually costing the lessee at least A$15,300 per year in lost interest (just like they would be paying bank interest if the money was borrowed) making the real annual cost of that villa to the lessee at least A$28,050 plus there will be thousands of dollars per year in health insurance and visa costs too (visa requirements are constantly changing and the retirement visa was abruptly cancelled in 2022 causing thousands of retirees to have to leave the country or stump up A$200,000 for the replacement 'Second Home' visa security deposit - Note: It was reinstated in 2023 with much more onerous financial qualification requirement that few retirees could meet). Therefore it's not so cheap - or desirable - when the famous rose-tinted spectacles are removed and the reality of Bali's infamously fickle and ever changing immigration and property system (a lease has no real security of tenure for a foreigner) is understood.
@@debbiehermans5175 Unfortunately since you have made such a bold and confident statement - without any supporting proof of course - I must go into detail to prove that my information is correct: The retirement visa was cancelled by Regulation 29 of 2021 titled ’About Visas and Stay Permits’ when it revoked the previous legislation and introduced the Second Home visa in its place, along with its onerous financial obligations, in the first blow in the ever-escalating strategy to attract 'high value' foreigners to come to and invest in Indonesia. No more C319 retirement visa - it was cancelled. Note: Retirees living in Indonesia were not on a retirement visa, which is only used to enter the country - they were on either a ‘short stay permit’ (ITAS) or a ‘permanent stay permit’ (ITAP) - a curious name because it’s only valid for five years and the letter 'K' was dropped from the acronyms years ago when they stopped issuing physical cards. Then Circular Letter No. IMI-0740.GR.01.01 titled ‘About Granting of Second Home Visas and Limited Stay Permits’ came into force on the 24th of December of 2022 and Chapter 8 specified that all retirement ITAS holders had 180 days to convert to a Second Home ITAS or ITAP, including complying with the onerous 'proof of funds' requirements, while retirement ITAP holders didn't have to convert but they had 30 days to comply with the 'proof of funds' requirements. This is why an immigration ministry spokesman issued a press statement that said “People on retirement visas will have 180 days to change their visa to the new Second Home visa or to a short-term visa, or leave”. (He should have said "stay permits" rather than "visa" as that's the terminology used in the regulation but few people - including foreigners - actually ever bother to read the regulations) I left in April 2023, just before my retirement ITAS expired, and four months before my two-year villa lease expired, as my agent said that I couldn’t get another one, I couldn’t meet the requirements for a Second Home visa and I didn’t want to start flying in and out on tourist visit visas. I certainly wasn’t the only one of the estimated 6,000 retirees in Indonesia at the time who made that decision while many just opted to stay on illegally in the hope that the rules would change again. Due to the backlash and negative press Regulation No. 22 of August 2023 then revoked Regulation 29 of 2021 and reintroduced the ‘Retirement visa’ again (now designated as E33F) but now calling it the ‘Elderly aged 60 (sixty) years or more’ visa - it was 55 before - with new onerous financial conditions including a minimum monthly income requirement of US$ 3,000 which is more than any age pension in the world - additional regular income is required - so they still don’t want ‘poor’ pensioners. Then, in yet another confusing backflip, in May 2024 Regulation No. 11 of 2024 amended Regulation No. 22 of 2023 with multiple changes that included reverting the ‘Elderly’ visa age from 60 back to 55 again but it retained the onerous financial conditions. As for access to the local health insurance system (BPJS) the current regulations (Presidential Regulation No. 59 of 2024), and the preceding regulations, actually only allow ‘foreigners who have worked in Indonesia for a minimum of six months’ to access it but various regions somehow allow various categories of ITAS and ITAP holders to do so - usually spouse ITAS or five-year ITAP holders - and expat blogs are full of tales of those who got it and those in the same permit status who were rejected. The BPJS is a basic contributory healthcare system and only entitles the foreigner to the same level of health care as is available to locals but it in no way qualifies as the mandatory proof of health insurance required for various categories of visa application as it can’t be accessed (and even that's just a maybe) until the visa holder has entered the country, converted their visa to a stay permit and probably stayed at least six months. The conclusion is that nobody who has any knowledge of the fickle, random and frequent changes of the confusing, vague and contradictory immigration laws (the property laws are even worse) would ever consider committing to a long term lease as they could lose their residence privileges at any time, or even their ability to hold a lease for that matter, and who’s willing to predict what the new government under a president who was blacklisted from entering Australia up until he entered the presidential race will do in the future? Not me.
@@Kebenaran-369me and many of my friends on retirement kitas did not have to change to second home visa and last I heard only 1 person had only ever applied for a second home visa. Anyone on Kitas can apply to BPJs and BPJS is proof enough for health insurance for kitas, and I have found it fantastic. Have physio 2 times every week and seeing an orthopaedic surgeon once a month at no charge. Kitas age retirement has not gone back to age 55.
Are you enjoying this information ?
I told my better half we may bump into you guys around the Sanur and we did. Thank you for taking the time to have a quick chat.
All the best,
Jon&Kim
@@jonathey1142 it was great meeting you all . Try that chicken meal I mentioned 😉 have a great rest of a holiday 🌴
Always love looking at Bali Villas…..so thank you for taking the time to film and share! 🙏
Your welcome 🙏
Your videos and smiles just keep getting better ❤
Thank you 🙏
Really looking forward to following your blog. We also support Muzza. Makes our journey towards retirement in Bali less daunting. Like Karen I am also an artist so Bali is a perfect place for me. Next year will be my 17th trip over . Have been a Baliphile since the 1980’s
Awesome! Thank you!🙏
That is really nice. Pool looks inviting and high ceilings are a nice touch.
👍
Gorgeous villa ❤
👍
What a great villa
It was one I just stumbled across 👍
Absolutely gorgeous xx
Yes it was 👍
Bagus Bos 👍🏻
Wonder 🤔 why they don’t install bidet?
In all new developments 🙏🏻
@@suomalainentalvi2792 not sure 👍
Lovely! 🤩🤩
@@cherylguthrie9226 I just stumbled across this one 👍
@@roamingRichard A very good stumble!
@@cherylguthrie9226 yes I am just going to continue to walk and if I see a development I will go in and have a look and try to get some info for everyone . I’m just showing what’s around and what you get for your money👍
@@roamingRichard Great idea!
@@cherylguthrie9226 thanks 👍
Thank you for the information mate. Really helpful for anyone looking to retire there 👍
No problem 👍
I just love this one! ...now just have to find $255,000
Thanks for watching 🙏
Jl Pasar 11 not far from night markets
I know this Villa, I was staying at a homestay on the same Rd with a friend in March.
I actually went in to have a look around the complex.
Sorry Richard, everyone is asking you questions because I shared a video.
I was just so excited to see it.
May not be the same one, but sure looks like it.
I looked at a couple there.
Anyway, I’ve put the address, as I remember it.
The price is on the video I think.
❤bring on retirement
👍
Jl Pasar 11 not far from night markets
I know this Villa, I was staying at a homestay on the same Rd with a friend in March.
I actually went in to have a look around the complex.
Sorry Richard, everyone is asking you questions because I shared a video.
I was just so excited to see it.
May not be the same one, but sure looks like it.
I looked at a couple there.
Anyway, I’ve put the address, as I remember it.
The price is on the video I think.
If you wander around, you’ll see some being built.
I’m cheeky and always ask to go in.
I’ve never been nocked back.
😅
I just need to bring my retirement funds forward now.
🎉
Wishful thinking 😢
👍
Your new videos are great. This is a gorgeous villa. I wonder, did you guys consider other locations to retire? I am also looking at Thailand.
Hi thank you 🙏
We did consider Vietnam but Bali is closer to family
Also no retirement visa in Vietnam
@@steveth1000 yes I think people just do visa runs
Beautiful villa at a brilliant price. So cheap!!!
We agree!🙏
Lovely villa. I that near your place? Did you find out a price?
It wasn’t far , the price I was told is in the video 👍
👍 I’m going to sanur soon, can you please give the address of this villa. Thanks Richard
Hi, I just wrote an essay, lol thinking I was answering you with the address.
It’s a bit further up.
lol so sorry.
This is a new concept for my old head. 😮x
Jl Pasar 11 😊
👍
Do you have to pay the entire (20 yrs) amount up front ?
Hi thanks for watching
Yes I would think so , that’s how the long leasehold works 👍
Do I understand correctly that you would have to pay AU$255,000 upfront in one lump sum to get this price?
Yes this is how a long term lease is done 👍i
@@roamingRichard thank you for the reply. This sounds like a monumental commitment. Are there any early exit options?
@@4flyguyeli that I don’t know the answer to sorry. I just asked someone on site If I could walk through and video you you guys 🤷♂️
@@4flyguyeliyou can always on sale what’s left of your lease if you decide to leave.
Those who think that the price is cheap at A$12,750 per year are falling for the usual Bali property bubble trick because they’re not accounting for either the cost of capital or the associated costs and risks for a foreigner who wants to live in Bali.
In this case the villa owner is taking the lessee's A$255,000 capital upfront (it will actually be more because that's not a bank foreign currency transfer exchange rate) when it could currently be earning the lessee a conservative compounding long-term interest rate of 6% PA (or 15% + if it's still in yet-to-be-liquidated Australian property) so that capital is actually costing the lessee at least A$15,300 per year in lost interest (just like they would be paying bank interest if the money was borrowed) making the real annual cost of that villa to the lessee at least A$28,050 plus there will be thousands of dollars per year in health insurance and visa costs too (visa requirements are constantly changing and the retirement visa was abruptly cancelled in 2022 causing thousands of retirees to have to leave the country or stump up A$200,000 for the replacement 'Second Home' visa security deposit - Note: It was reinstated in 2023 with much more onerous financial qualification requirement that few retirees could meet).
Therefore it's not so cheap - or desirable - when the famous rose-tinted spectacles are removed and the reality of Bali's infamously fickle and ever changing immigration and property system (a lease has no real security of tenure for a foreigner) is understood.
Wow very in-depth Thanks for your thoughts 👍
Incorrect information, retirement visa was never cancelled and no one needed to leave. Health insurance if on kitas is $15 a month..
@@debbiehermans5175 yep 👍
@@debbiehermans5175 Unfortunately since you have made such a bold and confident statement - without any supporting proof of course - I must go into detail to prove that my information is correct:
The retirement visa was cancelled by Regulation 29 of 2021 titled ’About Visas and Stay Permits’ when it revoked the previous legislation and introduced the Second Home visa in its place, along with its onerous financial obligations, in the first blow in the ever-escalating strategy to attract 'high value' foreigners to come to and invest in Indonesia. No more C319 retirement visa - it was cancelled.
Note: Retirees living in Indonesia were not on a retirement visa, which is only used to enter the country - they were on either a ‘short stay permit’ (ITAS) or a ‘permanent stay permit’ (ITAP) - a curious name because it’s only valid for five years and the letter 'K' was dropped from the acronyms years ago when they stopped issuing physical cards.
Then Circular Letter No. IMI-0740.GR.01.01 titled ‘About Granting of Second Home Visas and Limited Stay Permits’ came into force on the 24th of December of 2022 and Chapter 8 specified that all retirement ITAS holders had 180 days to convert to a Second Home ITAS or ITAP, including complying with the onerous 'proof of funds' requirements, while retirement ITAP holders didn't have to convert but they had 30 days to comply with the 'proof of funds' requirements.
This is why an immigration ministry spokesman issued a press statement that said “People on retirement visas will have 180 days to change their visa to the new Second Home visa or to a short-term visa, or leave”. (He should have said "stay permits" rather than "visa" as that's the terminology used in the regulation but few people - including foreigners - actually ever bother to read the regulations)
I left in April 2023, just before my retirement ITAS expired, and four months before my two-year villa lease expired, as my agent said that I couldn’t get another one, I couldn’t meet the requirements for a Second Home visa and I didn’t want to start flying in and out on tourist visit visas.
I certainly wasn’t the only one of the estimated 6,000 retirees in Indonesia at the time who made that decision while many just opted to stay on illegally in the hope that the rules would change again.
Due to the backlash and negative press Regulation No. 22 of August 2023 then revoked Regulation 29 of 2021 and reintroduced the ‘Retirement visa’ again (now designated as E33F) but now calling it the ‘Elderly aged 60 (sixty) years or more’ visa - it was 55 before - with new onerous financial conditions including a minimum monthly income requirement of US$ 3,000 which is more than any age pension in the world - additional regular income is required - so they still don’t want ‘poor’ pensioners.
Then, in yet another confusing backflip, in May 2024 Regulation No. 11 of 2024 amended Regulation No. 22 of 2023 with multiple changes that included reverting the ‘Elderly’ visa age from 60 back to 55 again but it retained the onerous financial conditions.
As for access to the local health insurance system (BPJS) the current regulations (Presidential Regulation No. 59 of 2024), and the preceding regulations, actually only allow ‘foreigners who have worked in Indonesia for a minimum of six months’ to access it but various regions somehow allow various categories of ITAS and ITAP holders to do so - usually spouse ITAS or five-year ITAP holders - and expat blogs are full of tales of those who got it and those in the same permit status who were rejected.
The BPJS is a basic contributory healthcare system and only entitles the foreigner to the same level of health care as is available to locals but it in no way qualifies as the mandatory proof of health insurance required for various categories of visa application as it can’t be accessed (and even that's just a maybe) until the visa holder has entered the country, converted their visa to a stay permit and probably stayed at least six months.
The conclusion is that nobody who has any knowledge of the fickle, random and frequent changes of the confusing, vague and contradictory immigration laws (the property laws are even worse) would ever consider committing to a long term lease as they could lose their residence privileges at any time, or even their ability to hold a lease for that matter, and who’s willing to predict what the new government under a president who was blacklisted from entering Australia up until he entered the presidential race will do in the future? Not me.
@@Kebenaran-369me and many of my friends on retirement kitas did not have to change to second home visa and last I heard only 1 person had only ever applied for a second home visa.
Anyone on Kitas can apply to BPJs and
BPJS is proof enough for health insurance for kitas, and I have found it fantastic. Have physio 2 times every week and seeing an orthopaedic surgeon once a month at no charge.
Kitas age retirement has not gone back to age 55.
Oh no l won't.
Thanks 🙏