Modern apartments in Bali in Canggu

Oceanfront Apartment Overview in Indonesia

This oceanfront apartment in Indonesia offers breathtaking panoramic views, a swimming pool, and a cozy 1-bedroom layout. Spanning 47 square meters and priced at $180,000, it equates to approximately $3,830 per square meter, making it a prime choice for those looking to invest in apartments in Indonesia for sale.

Financial Highlights for Indonesian Oceanfront Property

• Daily rental income: $150
• With an 80% occupancy rate, the adjusted daily revenue is $120.
• Annual revenue, considering utilization, stands at $43,200.
• After deducting expenses and taxes, the annual profit is estimated at $38,448, which represents a 21% return on investment for Indonesia beachfront apartments.
• The investment payback period is projected at 5 years for this oceanfront property in Indonesia.

Costs and Taxation for Apartments in Indonesia

• Notary fees are set at 1% of the sale price, shared equally between the seller and the buyer.
• Sales tax is levied at 11%, with the cost also split 50/50 between the seller and buyer.
• For Indonesian residents, the income tax rate is 10%, while non-residents are subject to a 20% rate.

Ownership Conditions for Beachfront Apartments in Indonesia

The apartment is available on a leasehold basis for 30 years, with an option for extension. The project is slated for completion in September 2024, making it an attractive investment for those interested in leasehold apartments in Indonesia. It’s important to note that costs and taxes related to the sale are calculated individually, based on various factors.