Element Residence, Unit 5102
From $190,000
1-Bedroom Garden Apartments in Canggu for Singapore Buyers
Quick answer: Canggu's 1-bedroom garden units attract Singapore investors seeking 8-14% gross yields at $180k entry. Element Residence offers 30-year leasehold (expires 2055) with standard 30/40/30 payment splits. Tourist zone zoning supports short-term rental velocity.
Key takeaways
- 30-year leasehold tenure. Expires February 2055. PPAT notary transfer required.
- 8-14% gross yield range typical for Canggu garden apartments.
- Standard payment: 30% deposit, 40% construction milestones, 30% handover.
- $180k median entry price for 1BR garden units in the zone.
Available units (4)
Element Residence, Unit5104
From $190,000
Element Residence, Unit 5101
From $190,000
Element Residence, Unit 5103
From $190,000
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Why Canggu 1BR Gardens Suit Singapore Buyers
Canggu draws Singapore capital. Garden-facing units command rental premium over interior layouts. Median entry sits at $180k USD.
Element Residence holds a 30-year leasehold. Tenure expires 2055. Foreign buyers must acquire via Hak Pakai (leasehold) or operate via PT PMA structure for short-term rental tax efficiency.
Gross Yield: 8-14% Range
Garden orientation attracts tourists and monthly rentals. Nightly rates exceed interior units by 15-25%. Construction timeline spans 24-36 months. Yields begin post-handover.
Use our off-plan ROI calculator to model your entry price, rental income, and exit assumptions.
Payment Structure: 30/40/30 Standard
Deposit phase: 30% due at reservation. BKPM approval occurs parallel to notary (PPAT) coordination.
Construction phase: 40% split across foundation, structure, finishes, and fit-out milestones. Developer releases invoices on schedule.
Handover phase: 30% final balance. Title transfer to BPN registry occurs before funds release. Singapore buyers can remit via international wire or local IDR conversion.
Leasehold vs. PT PMA Structure
Standard path: 30-year leasehold. Expires 2055. Renewal negotiation begins year 28. Transfers via PPAT notary are routine for Singapore entities.
Alternative path: PT PMA holding company. Operates freehold-equivalent control. Requires quarterly tax filings and Indonesian bank account. Preferred for high-velocity short-term rental operators.
Choice depends on your hold period and rental strategy.
Canggu Zone: Highest Rental Velocity in Bali
RTRW spatial plan permits mid-density tourist accommodation across coastal zones. Canggu leads Bali in nightly bookings. Garden apartments sustain 70-85% occupancy annually.
Competition is high. Unit differentiation (outdoor space, sea views, pool access) drives occupancy and rate premiums.
Registration and Notary Process
PPAT notary executes title deed (AJB). Signature occurs at notary office. Both buyer and seller attend (remote signing available for Singapore buyers via power of attorney).
BPN registration follows. Processing takes 10-15 working days. Certificate mailed to buyer or retained at notary.
BKPM approval is parallel process. Takes 2-4 weeks. No formal rejection common for Element Residence reservations.
Singapore Buyer Checklist
Verify passport validity (24+ months). Prepare proof of funds (bank statement, investment declaration). Confirm tax residency status for Indonesia withholding.
Engage local accountant for PT PMA structure (if chosen). Budget $1200-2500 USD for legal, notary, and registration.
Set price ceiling and exit timeline before LOI signature. Market moves fast. Unit allocation fills within 4-8 weeks per phase.
Frequently asked questions
What tenure do Singapore buyers get in Element Residence?
30-year leasehold (Hak Pakai). Expires February 2055. Transfer via PPAT notary. Renewal negotiation starts in year 28. No freehold available for foreign buyers under Indonesian law.
Can I operate a short-term rental business as a Singapore buyer?
Yes. Either hold title as individual (leasehold) and hire management company, or establish PT PMA (holding company) for freehold-equivalent operational control. PT PMA requires quarterly tax filings and Indonesian bank account. Canggu zoning explicitly permits tourist accommodation.
What gross yield should I expect?
8-14% range typical for Canggu 1BR gardens. Garden orientation and pool access drive premium nightly rates. Yields start post-handover (24-36 months). Occupancy typically 70-85% annually in tourist zones.
How much is the down payment?
30% deposit due at reservation (LOI signature). For $180k median entry, expect ~$54k USD initial outlay. Remaining 70% split into 40% construction milestones and 30% handover payment over 24-36 months.
Do I need to be present for title transfer?
Not physically. PPAT notary accepts power of attorney signed by Singapore buyer before Singapore notary. Deed signing can occur remotely with authorized representative attending Bali office.
What happens to my lease after 30 years?
Renewal negotiation begins year 28. Market precedent suggests negotiated extension to 50-year total (30 + 20). No guarantee in law. Resale market treats year 2055 expiry as material factor after year 2040.
Are there restrictions on selling to other international buyers?
No. BKPM permits foreign-to-foreign resale. PPAT transfer occurs normally. Tax on gain (PPh) is 15% (individual) or 10% (corporate PT). Buyer acquires same lease terms remaining on original certificate.
What is the typical timeline from LOI to keys?
LOI to notary: 4-8 weeks (BKPM approval, due diligence). PPAT registration: 2-4 weeks. Construction: 24-36 months. Total: 26-40 months from signature to handover.
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Same for singapore buyer strategy across other markets and property types.