Land development
Bukit Land Banking — A Plot Bought in 2021, A Villa Sold in 2024
A land-banker client bought an 800 m² plot ahead of the Bukit infrastructure curve, then commissioned Frigate to build and exit. This case shows the full multiplier — raw land to a sold, finished villa.
- Total project cost
- $405,000
- Hold period
- 3 years
- Sold for
- $640,000
- Total return
- +58%
Bukit Land Banking — A Plot Bought in 2021, A Villa Sold in 2024
Budget
$95,000 for the plot in 2021, plus $310,000 for turnkey construction in 2023. Total project cost $405,000, with full due diligence and zoning checks documented before purchase.
Timeline
Two years holding the land while the new bypass road and beach clubs opened nearby, then 10 months of construction. The exit was timed to the completed infrastructure, not guessed at.
Result
The finished villa sold within four months of listing for $640,000 — a 58% gross gain on total project cost. The land alone had already appreciated 40% before a single brick was laid.
Yield / ROI
58% total return over three years — roughly 16% annualised, with no rental operations involved. A development-and-exit play, not a buy-and-hold rental.
“Land banking on Bali only works if someone reliable can build and exit when the timing is right. Frigate handled due diligence, the build and introduced the buyer. I made the call on when to sell; they made sure the asset was worth selling.”
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