Visit to our Bali Water World

Visit to our Bali Water World

Aug 27, 2018

This week I have been in Bali together with the heads of sales in New Nordic and Company Vauban - one of the first real estate agencies New Nordic started to work with when we started to launch projects in Thailand. They have sold hundreds of apartments for the company. We are also meeting with our Country Manager, Sales Managers and office team who have their office in Sanur. We were discussing the future development of New Nordic in Bali and our projects here.

It is always fantastic to visit our projects when the work has started: we finally get to see our vision come to life! The construction team is now on-site every day and have started the piling of the whole project and the first structures have been placed for the first building. The team is super professional and it has been a pleasure working together with them this far. Our office is located just next to the construction site, and they also have a full size show room for those who want to take a look at the design and interior of the project. We have already sold 47% of the rooms!

I am very happy to have been able to start our first developments in Bali. The island seems as a natural choice for the Group as we develop in emerging and existing destinations with a focus on hospitality and tourism. Many see the island as the ultimate tourist destination, and it also voted 4th best place to visit in the world (highest on the list outside of Europe) by Trip Advisor Travel Choice Award 2018. In 2017, Indonesia welcomed over 14 million overseas visitors, an increase of more than 2 million from the previous year. Their aim is to have 20 million visitors by 2019 as a part of a coordinated and strategic government effort to drive growth in the industry. Their plans also includes attracting Rp. 240 trillion ($17.2 billion) in foreign exchange, employing 13 million people in the industry and boosting the sector’s contribution to national GDP to 8 percent. The Diplomat wrote a good article on the initiatives here.

It will be very interesting to follow the developments!

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