Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Bali Property Sector Threatened?
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Bali Property Sector Threatened?

Local Chamber of Commerce Chief Says Bali's Property Sector Headed for Collapse.


Bali News:
Click Image to Enlarge

(10/25/2008)

The Chairman of the Bali Chapter of the Indonesian Chamber of Commerce (KADIN, has predicted that the real estate business in Bali will collapse before then end of 2008. This dire prophesy was made to beritabali.com by Gede Wiratha who said that the current global financial crisis and lack of credit facilities threatens the funding of villa and apartment projects in Bali.

Saying that the development of the property sector in Bali is very dependent on funding from financial institutions, Wiratha posed the question: "The Banks themselves are in difficulties, how can they possibly extend credit?"

Wiratha, who owns various tourism and entertainment ventures in Bali, told the press that early indications of the coming collapse are already in evidence with a number of American and European hurriedly putting their villas and apartments on the market.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Bali’s Better on a Bike
Denpasar, Bali to Host International Cycling Road Race November 25-27, 2017
(9/23/2016)
Reading & Writing Celebrated for 13th Year at Bali Festival
Humanity in Unity at the 2016 Ubud Writers & Readers Festival October 26-30,2016
(9/23/2016)
Averting an Explosive Ending?
30 Tons of Explosive Ammonium Nitrate Seized from Boat Sailing from Malaysia to East Bali
(9/23/2016)
Denpasar in a Jam
WAZE Declares Denpasar, Bali Traffic Among the World’s Worst
(9/23/2016)
Did Franky Commit of Hanky-Panky?
Head of Narcotics Division at Bali Police Suspended and Under Arrest on Suspicion of Misuse of Funds and Extorting Drug Suspects
(9/23/2016)
A Family of Rhinos in Bali
Celebrating World Rhino Day with a Very Special Group of Children at Bali Safari & Marine Park
(9/23/2016)
Prepare for Congestion
Traffic Alert: Expect Traffic Jams on Wednesday, September 29, 2016, Due to Online Transport Operators Mass Protests
(9/23/2016)
It’s Beginning to Look Alot Like Christmas
Now’s the time to Book your Holiday Season Promotion with Bali Discovery!
(9/18/2016)
Gili Cat II Fast Ferry Disaster
Two Confirmed Dead and 33 Injured in Bali Fast Ferry Accident at Padang Bai
(9/18/2016)
The Importance of Bee-ing
Island-Wide Initiative Launched to Reverse the Declining Bee Populations in Bali and all of Indonesia
(9/18/2016)
Simple Truths, Plainly Spoken
Chairman of Bali-APINDO Suggest Bali’s Tourism Development is Badly Out of Synch
(9/18/2016)
By Design, Annually
Ayodya Resort Bali to Hold ‘Ayodya Batik Festival 2016’ October 7-9, 2016
(9/18/2016)
All [News]!