glaucus replied to the topic Investment in Indonesia booming land in the forum Help Needed! 7 years, 11 months ago
We spend plenty of time in Rote. Run a social enterprise project up there..
Steve actually provides some support to us coincidentally enough but I have never touted this on his own site. I see it as cheating. :) We are ever grateful for this support and teaching wisdom he provides.
Over dinner up in Utopia a couple of friends overheard a…[Read more]glaucus started the topic Property Developer backing out of contract. in the forum Legal & Accounting 10 years ago
Looking for options on where these friends stand on this case..
Developer XcelProperty have exchanged contracts on these 4 blocks which they are advertising expressions of interest on their web site.
Contracts exchanged in March with a 6month settlement. Now settlement has passed, bank valuer came out and costed the properties a lot less than the…[Read more]glaucus started the topic Property Developer backing out of contract. in the forum Legal & Accounting 10 years ago
Looking for options on where these friends stand on this case..
Developer XcelProperty have exchenged contracts on these 4 blocks which they are advertising expressions of interest on their web site.
Contracts exchanged in March with a 6month settlement. Now settlement has passed, bank valuer came out and costed the properties a lot less than the…[Read more]glaucus started the topic Flipping a serviced apartment bought off plan in the forum Help Needed! 11 years ago
Can I on-sell a serviced apartment that I’ve put a deposit on prior to the development being completed?
I assume yes, so are there any dramas I should be aware of in doing so?glaucus started the topic A question for developers. in the forum Help Needed! 11 years, 1 month ago
I would like to direct this question to those who have done a development of townhouse or villas before.
A 3 lot block in the fast appreciating suburb of Engadine in the R3 medium density with a FSR of 0.55:1. Max building height 8.5mWhat is a fair price for this? Would you pay $3.7M?
45m street frontage with a depth of 61m (2,745m2)glaucus replied to the topic Investing in Bali, good step or? in the forum Overseas Deals 11 years, 1 month ago
Well James, there definitely is a dollar to be made investing in holiday havens such as Bali. Very big outlay for that good return though, can’t exactly borrow from the banks to lessen the cash down. I have seen friends and others pull in huge rents all the while enjoying life in the tropics.
So, being a bit of a speculator myself I have gone…[Read more]
glaucus changed their profile picture 11 years, 1 month ago
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glaucus replied to the topic SMSF leasehold in Indonesia in the forum Overseas Deals 12 years, 1 month ago
After 2 years of setting up organisational structures, dealing with various lawyers both in Australia and Indonesia, I am pleased to say our capacity building project in remote Indonesia is taking shape.
Our vision toward the finished result sees a boutique retreat that provides simple but elegant off the grid escapes for families and small…[Read more]
glaucus replied to the topic SMSF leasehold in Indonesia in the forum Overseas Deals 13 years, 9 months ago
Thanks terry,So the SMSF could lease the land and have nothing to do with the buildings? Want to get this sorted before I use my own money on the land.
glaucus replied to the topic Investing in Bali, good step or? in the forum Overseas Deals 13 years, 9 months ago
I was going to invest in Bali around 18 years ago. A half acre at the top of a hill down on the Bukit peninsular for approx $5,000 Australian dollars. I didn`t but quite a number of Westerners did. These days they are sub-letting the land for around $13,000 per 10mX10m square: called an ARE. So, how many 10X10m squares can you fit in half an acre?…[Read more]
glaucus replied to the topic Funding a resort in Indonesia in the forum Commercial Property 15 years, 2 months ago
I would be more than likely using Venture Capital to fund the start-up. The momentum generated already among my network may find that there`s room only for companies to invest using this as a philanthropic investment as it`s also building up the local community. The humanitarian dollar if you like. Hopefully!!Any thoughts on off the plan SMSF…[Read more]
glaucus replied to the topic Investing in Bali? in the forum Overseas Deals 15 years, 2 months ago
I couldn`t find a thread to post my question so I`ll do it here.To answer the initial one though, if you have a trustworthy Indonesain friend get the hak milik title in their name and see a notary to absolve them of any ownership in the contract.My question is, I have land in Indo somewhere and am in the process of seeking some private…[Read more]
glaucus replied to the topic Michigan Property Market in the forum Overseas Deals 15 years, 8 months ago
Hi there Jason,this reminds me of my only fateful attempt at the Detroit property market.Our venture ended up with this pair http://au.todaytonight.yahoo.com/article/5537392/general/hung-dry eventually taking us for a ride to the tune of $50K. I wonder if you have ever come across them with you involvement in Detroit Jason.Maybe a co. by the n…[Read more]
glaucus replied to the topic Park trent properties group in the forum The answer is no.Had 16 years, 1 month ago
The answer is no.Had dealings with PT?Check your contracts, is there any signatures from the actual people you dealt with?The licensee is a phantom.



