NUGRAA Apartment Canggu, Promising Investment in Tourist Area

MANGUPURA, NusaBali.com – Canggu, Bali is enhancing its accommodation facilities with the construction of NUGRAA Apartments. The first phase of building these apartments with 80 units is scheduled to commence in early March 2025, with the overall project targeted for completion by early 2026.

The construction of NUGRAA Apartments was marked by a ground-breaking ceremony held on Friday (26/1/2024) afternoon. The launching ceremony of the apartment located on Batu Bolong Beach Street, Canggu, North Kuta, Badung Regency was attended directly by the wife of the Acting Governor of Bali, Ida Setiawati, and the Regent of Badung, Nyoman Giri Prasta, who was represented by relevant officials.

"The first phase of 24 units will be completed in March 2025, while the completion of the entire infrastructure is scheduled for early 2026," said Windra Putra, Director of PT NUG Canggu Realestate.

Windra explained that amidst the dynamics of Canggu, which is currently favored by international tourists as an accommodation location in Bali, the apartments under construction will still maintain the Balinese touch.

"The architecture will remind you that you are living in Bali. We don't want to create modern architecture that surpasses Bali's cultural heritage. So, the use of wood and woven materials will be a unique attraction," said Windra.

This character is considered very suitable for the targeted market segment, with 80 percent being foreigners who will own the apartments for 30 years. "For investment, it is clearly very good because the most important aspect of property is location, location, and location," Windra reiterated three times.

Windra referred to the location on Batu Bolong Beach Street as having three prominent advantages for NUGRAA Apartments. "The fourth is just 2 minutes away from the shopping center, which is very important for daily needs. Meanwhile, for the gym, you just need to cross the road," he revealed.

He described the apartment as offering a tranquil oasis yet still connected to the dynamic life around it.

NUGRAA Apartment Canggu features 80 apartment units and 32 Commercial Space Modules with a Building Area of 10,000 square meters. There are 48-square-meter One-Bedroom Studio units (68 units) with gardens & poolside. Two-Bedroom Suite facilities are also available, covering 96 square meters (8 units), and Two-Bedroom Penthouse spanning 192 square meters (4 units).

Meanwhile, regarding the advantages of the apartments standing on a total land area of 3,300 square meters, each unit is equipped with a private sauna, making it likely to be the first apartment in Bali to provide sauna facilities.

Other facilities provided include restaurants on the ground floor and rooftop, swimming pool, 24-hour concierge service, and high-level security systems. Additionally, other facilities such as a gym, spa, yoga shala, and lounge are available.

What makes NUGRAA Apartment Canggu even more special is the collaboration with local teams from Bali in its development process. "We have partnered with local architects and contractors to ensure that this apartment not only offers luxury but also respects and honors the local culture and environment," explained Windra Putra.

With competitive prices compared to its competitors, NUGRAA Apartment Canggu offers various unit types, ranging from one-bedroom studio to two-bedroom penthouses. With attractive promotions, such as purchasing one unit and receiving an electric scooter and sauna, this apartment becomes an attractive choice for potential buyers.

Interestingly, the apartment also pays special attention to its surrounding environment. "We take the location seriously. Batu Bolong's location may be congested, but we have provided a basement with more than enough capacity for motor vehicles," added Windra Putra.

Windra mentioned that the parking capacity can accommodate 50 cars and more than 100 motorcycles.

With the primary target market being expatriates, NUGRAA Apartment Canggu has received positive responses, with 7 units from the first phase already successfully booked. This also contributes positively to job creation in the tourism sector and empowers local residents through cooperation with local partners.

As an investment, NUGRAA Apartment Canggu promises an attractive return on investment, with an estimated payback period of less than five years. This makes the apartment not only a place to live but also a promising investment.

"With an investment of Rp 2 billion, the return on investment is around 17-18 percent. We estimate that the payback period will be less than 5 years with the management we have," emphasized Windra.

The launching ceremony was also attended by the Chairman of Hatra Group Resources, Haryo Putro Nugroho, Independent Commissioner of Hatra Group Resources, Andrew Lim, President Director of Hatra Group Resources, Ali Hasyimi, President Director of PT NUG Ilhaw Windra, and others. Also present were the Traditional Leader of Canggu, Wayan Suarsana, the Head of Canggu Village, Wayan Suarya, landowners Made Sudiana and Made Suryananda Pramana.