Read more: Financing rates are still favorable in a few Asia Pacific markets

Financing rates are still favorable in a few Asia Pacific markets

Villa Harimau, a private seaside property located in Batam, Indonesia, is being offered for sale for US$3.6 million, which is roughly $4.95 million. The property is situated on a 30,000 square feet high cliff estate in Bukit Harimau, only a 10-minute drive away of Batam’s Sekupang Ferry Terminal.

Based on Victoria Garrett, head of residential for Knight Frank Asia-Pacific — who is the one marketing the property the person who owns Villa Harimau is a foreign expatriate in Singapore who has inherited the villa from his father who was a Singapore permanently resident, who constructed the property for retirement purposes. “The current owner is seeking to move to Singapore in the UK and therefore is looking to dispose of ownership of this property,” she explains.

This property has been completed since the year 2017 and includes a two-storey main house, a separate two-storey guesthouse and a separate staff residence.

The main house includes six bedrooms, of which two are on the first floor, with a child’s room with four bunk beds that are built-in. The first floor also houses an open-plan living area with a formal dining space as well as a large kitchen with an additional breakfast area. On the upper floor, there’s a living area that is big enough to hold furniture and a small dining set , as also an outdoor table for pool. The verandah also has a view which runs across the entire length of the property.

One of the main attractions in the property is the 30m infinity pool with breathtaking views of the ocean as well as the Singapore skyline visible in the distance. The property is also equipped with a huge space for the pool that can accommodate daybeds, lounge chairs as well as an outdoor barbecue pit. A gazebo that houses an outdoor bar can be found into the corner.

In the same area as the main villa is a separate guesthouse that has a view of a huge lawn that is well-maintained. The guesthouse has two ensuite bedrooms, situated at the top and bottom floors as well as the kitchenette. The upstairs bedroom connects to a large verandah which the present owner has furnished with a variety of furniture for the outside.

In addition, the staff residence is located on the opposite end of the house, comprises three bedrooms. It is currently home to personnel employed by the owner currently.

Contemporary Balinese architecture
Villa Harimau was designed by famous Balinese designer Popo Danes. Danes has been working on several of Indonesia’s most luxurious resorts on islands, such as Samsara Resort Ubud, Lelewatu Resort and Natya Resort Ubud. He is also the creator of New Regionalism in Bali Architecture.

In the design of Villa Harimau, Danes focused on combining modern architecture with Balinese style elements. “I was awed by this site and the location of Villa Harimau from the first moment I laid my eyes at it. I wanted to maximize the ways we could enjoy the view by creating a unique experience. The architecture was designed in a sophisticated tropical style that matched the local environment and nature,” he says.

The furnishings chosen to furnish the property provide a comfortable and resort-style atmosphere. According to Garrett the interior was completely renovated over the course of the past year, using the combination of custom-built Balinese furniture and contemporary design elements. The kitchen was also renovated and modernized. The interior makes utilization of natural materials, such as teak tubs, wooden cabinets as well as hardwood flooring in bedrooms. Furniture pieces are mostly tranquil neutral colors.

The furnishings in Villa Harimau are accessible for purchase by any potential buyer of the property subject to additional discussions.

The ideal holiday home
Garrett is expecting a lot of demand from potential buyers, for example, hospitality companies who might be interested in operating the house as a luxury vacation property. “It could make an amazing guest house, particularly for people living in Singapore who are looking for a luxury private getaway,” she says, noting that Batam is only a 45-minute ferry ride of Singapore’s Harbourfront Ferry Terminal. She also says that Villa Harimau’s land title, that are currently designated for residential use, could be modified to permit the use of a villa or accommodation subject to approval from the appropriate authorities.

Garrett expects to see the interest of buyers like people with high net worth who are looking to purchase the property to use it as a private retreat. “The property has ample space that is perfect for a big familyof four,” the agent says she adds that the huge living spaces, dining areas and the poolside can also be used to host guests.

Villa Harimau also serves as an opportunity to invest, Garrett says. Due to the beautiful setting with ocean views and stunning architecture, she anticipates the new owner to profit from the high demand for rental properties generated by people who are looking to lease a home for their holiday in addition to general capital appreciation. Based on Knight Frank’s Global House Price Index, she explains that Indonesian home prices experienced an rise in the range of 1.7% in 2Q2022, which could further increase as the economy of Indonesia continues to improve following the pandemic. “Villa Harimau enables buyers to enjoy both picturesque surroundings and tangible financial investmentopportunities,” she says.