A Bali Journey Part IV

Step by step

As previously mentioned:

Part IV will be about moving forward after two failed land deal signings. On April 4th and then again on April 16th the landowner backed away from attending the notary meetings (leaving us with unsigned land certificates as well as our business agreement document).

However, just recently we got a lead on a new landowner in an even prettier part of Bali that’s interested in our revenue-share model. The main reason we are having difficulties in getting a deal done is that land is expensive in the more accessible parts of Bali and rather than trying to fund the land as well as the project development, we want to primarily focus on project development. It may even be possible to pre-sell residential units and thereby reduce our capital needs even further.

Since we want a real community (meaning 50+ residences) it’s going to be a hurdle to get it off the ground.

For now it’s still worth giving it a go.

Some hints about this new land opportunity. It’s next to a day resort with beach access that the land owner owns (along with some investors).

Flamingo Beach Club Bali

Second, there’s a great hospital only 3km away.

Third, Kasih Ibu Hospital is partners with Hovicare:

Hovi Care is an independent, family-run chain of elderly care service companies. The company has its roots in Finland, where the first nursing home was founded already 30 years ago.

Hovi Care, in collaboration with Kasih Ibu Hospital Group, proudly presents Hovi Club Teuku Umar. Hovi Club for Seniors has a warm atmosphere for our beloved parents. It provides many interesting activities for elders, such as games, karaoke, handcrafts, gardening, arts, cooking and excursions.

As you can see, it’s got many of the ideal features we would want: an awesome location with beach access, proper medical facilities a few minutes away, and expertise in eldercare for those who need to transition from active living to assisted living.

The most important ingredient of all is a sensible landowner who has a shared vision for what this project can become: a game changer for senior living in Bali.

The next meeting is June 28th, when we present the revenue sharing model. Let’s hope we make progress. The first “get to know you meeting” went very well.

Later,

Neill

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