On October 9, 2024, OXO Group Indonesia marked a significant moment with the groundbreaking ceremony of OXO The Residences, a luxury villa project set amidst the serene landscape of Nyanyi, Bali. This event represents a crucial step in the development of 40 exclusive villas that blend modern luxury, sustainability, and proximity to Bali’s lifestyle hubs.
Celebrating Success and Commitment to Quality
The ceremony was attended by key stakeholders, media, and partners, who gathered to witness the beginning of a project that has already made waves in the property market. OXO The Residences was launched on June 8, 2024, and quickly achieved a full sellout, with all 40 villas, priced between IDR 8 billion and IDR 16 billion, reserved within a short span. This rapid success underscores the ongoing demand for premium real estate in Bali, both from local buyers and international investors seeking a piece of this idyllic island.
In his address during the ceremony, Johannes Weissenbaeck, Founder and CEO of OXO Group Indonesia, highlighted the company’s unwavering dedication to timely and high-quality development. “Our priority is ensuring customer satisfaction, which is at the heart of everything we do. Today’s groundbreaking is a testament to our commitment to delivering on our promises,” Weissenbaeck stated. The ceremony symbolized not just the start of construction but also the realization of a vision that combines top-tier living standards with Bali’s natural beauty.
A Partnership of Visionaries
The design of OXO The Residences is the result of a collaboration with renowned architect Alexis Dornier, known for his ability to integrate modern aesthetics with tropical environments. The project features three, four, and five-bedroom villas, ranging in size from 193 to 293 square meters, with land plots between 300 and 643 square meters. Each villa is designed to offer a seamless blend of indoor and outdoor living, featuring private pools, landscaped gardens, and spacious layouts that cater to the desires of discerning buyers.
The development is strategically located near Nuanu Creative City, a hub that combines nature, culture, and modern amenities. This proximity offers residents access to unique experiences, such as the ProEd Global School, wellness facilities, and artistic events, while maintaining a close connection to Bali’s coastline, particularly the tranquil Nyanyi Beach.
Building for the Future: Sustainability and Affluence Combined
Construction of OXO The Residences will proceed in carefully planned phases, ensuring each aspect is completed to the highest standards. The project is set to be completed by the end of 2026, aligning with OXO Group’s strategic vision of creating properties that set new benchmarks for quality living in Bali. The residences are not only about luxurious living but also emphasize sustainability, incorporating energy-efficient designs and facilities like electric vehicle charging stations, landscaped green spaces, and outdoor fitness areas.
Anggun Melati, Director of Marketing at OXO Group Indonesia, spoke about the development’s appeal: “The rapid sell-out of our villas underscores Bali’s enduring status as a premier destination for property investment. The demand from expatriates and local buyers alike speaks to the unique lifestyle offering of OXO The Residences.” The project’s freehold ownership model for domestic buyers and options for foreign investors through a PMA structure further boost its attractiveness in the competitive Bali property market.
Beyond a Residence: A Long-term Investment Opportunity
OXO The Residences is designed not just as a home but also as a strategic investment opportunity. With the ongoing development of Nyanyi and surrounding areas like Tanah Lot, property values are expected to appreciate, offering strong rental yields and capital growth. Weissenbaeck emphasized the dual benefits for owners: “Our comprehensive property management services ensure that owners can enjoy their villas as private retreats while generating rental income when they are not in use. It’s a win-win proposition.”
A Bright Future for Bali Real Estate
The groundbreaking ceremony for OXO The Residences highlights OXO Group Indonesia’s vision of contributing to Bali’s evolving landscape as a center of luxury living. As Bali continues to attract investors and tourists alike, projects like OXO The Residences are set to redefine the standards of quality living on the island. With the combination of thoughtful design, prime location, and a commitment to excellence, OXO Group is positioning itself as a leader in Bali’s real estate market.
Stay connected with us at oxoliving.com for the latest updates on OXO The Residences and our journey in shaping a new era of luxury living in Bali.
