NovAsia

MBM / Markov Projects: Hidden City Ubud in Bali

Prepared by: NovAsia Editorial Team

Hidden City Ubud is the clearest publicly traceable development associated with MBM / Markov Projects. Markov Projects presents the scheme as its own construction project, while the MBM name appears in project marketing and third-party property directories. Those references establish a commercial connection, not the identity of the Indonesian entity that will sign a buyer's contract or receive the funds. This is not a single building with a single handover date. The proposed development combines a gated villa-and-townhouse area, an apartment component described as part of a hotel concept, and further commercial and communal facilities. Buyers should treat these as separate delivery and operating questions. A finished townhouse offers a very different basis for assessment from an apartment still being marketed against a construction timetable.

NameMBM / Markov Projects
BrandMBM / Markov Projects
Identity evidence
  • This profile is based on the listed public sources; the company’s role in a specific contract must be checked separately.

Who appears in the public record

Hidden City Ubud is the clearest publicly traceable development associated with MBM / Markov Projects. Markov Projects presents the scheme as its own construction project, while the MBM name appears in project marketing and third-party property directories. Those references establish a commercial connection, not the identity of the Indonesian entity that will sign a buyer's contract or receive the funds.

This is not a single building with a single handover date. The proposed development combines a gated villa-and-townhouse area, an apartment component described as part of a hotel concept, and further commercial and communal facilities. Buyers should treat these as separate delivery and operating questions. A finished townhouse offers a very different basis for assessment from an apartment still being marketed against a construction timetable.

What the sources support

The public evidence supports a genuine association between Markov Projects and a named Ubud development. It does not establish a verified legal seller, clean land title, building-by-building permit position or independently documented delivery record. The Russian-language project site carries a PT HIDDEN UBUD copyright notice. Separately, Rise Real Bali says a draft agency agreement names PT MBM Indonesia Group. A copyright notice and a broker's description of an agency draft are not proof of which company must perform a buyer's contract.

Marketing versions also disagree on the scope of the scheme. Markov Projects shows 22 villas, 36 townhouses and 42 apartments, whereas the dedicated project site shows 12 villas, 18 townhouses and 94 apartments. They may reflect different master-plan revisions or phase definitions; the reviewed material does not reconcile them. Lease language is another point to resolve. The dedicated site advertises a term through 2053 and a twenty-year extension at a contract-fixed price, while Markov Projects' general FAQ discusses an extension priced at the market rate when renewed. Neither marketing statement should override the exact lease and renewal provisions offered for a particular unit.

Developer evidence

BrandMBM / Markov Projects
Identity evidence
  • Public materials and sources disclosed at the foot of this page.
Public record
  • The company's website describes a broad construction service: site selection, design, building works and material sourcing. Hidden City Ubud is the principal example it puts forward. That is useful evidence of what the business promotes, but it does not amount to an independently checked record of completed developments or a verified history of handovers. The Hidden City Ubud website advertises its Losta and Mira villas and Stone townhouses as ready for handover from June 2025. It also lists Q3 2026 delivery for apartments. That latter target had passed by the 17 October 2026 review date; we did not establish that the apartment building had received its required completion documentation or that units had been handed over. Rise Real Bali's listing still distinguishes a completed first phase from an apartment phase under construction. A phase-by-phase document trail matters more here than an overall project completion claim.
Unknowns
  • The legal entity, contracting party, land interest and terms of a selected property must be checked from documents before payment.

What is known and what to verify

What is known

  • Hidden City Ubud is the clearest publicly traceable development associated with MBM / Markov Projects. Markov Projects presents the scheme as its own construction project, while the MBM name appears in project marketing and third-party property directories. Those references establish a commercial connection, not the identity of the Indonesian entity that will sign a buyer's contract or receive the funds. This is not a single building with a single handover date. The proposed development combines a gated villa-and-townhouse area, an apartment component described as part of a hotel concept, and further commercial and communal facilities. Buyers should treat these as separate delivery and operating questions. A finished townhouse offers a very different basis for assessment from an apartment still being marketed against a construction timetable.

What to verify for the address

  • The legal entity, contracting party, land interest and terms of a selected property must be checked from documents before payment.

FAQ

Who would actually be selling me a unit?
The branding alone cannot answer that. Markov Projects associates itself with the development, the project website mentions PT HIDDEN UBUD in its copyright, and a broker refers to PT MBM Indonesia Group in an agency draft. The contract, company records, land documents and payment instructions must identify the seller and establish its authority.
Which unit count is accurate?
There is no reconciled public schedule in the material reviewed. Markov Projects and the dedicated Hidden City Ubud site give materially different counts for villas, townhouses and apartments. Ask for the latest approved master plan and the inventory for the specific phase; a headline development total is not enough.
Can I see a finished property rather than a rendering?
The developer's project site markets its villa and townhouse phase as ready for handover, and a local broker describes that phase as complete. The apartment phase has a separate timetable. A physical inspection and the building's relevant acceptance and use documents should settle the position for the exact unit under consideration.
Is the extra twenty-year lease period guaranteed?
Not on the strength of the website. The project advertises a contract-fixed extension price, while the Markov Projects general FAQ describes a market-price renewal. The buyer needs to see the starting term, current expiry date, binding renewal mechanism and counterparty obligations in the signed documents.
Does an apartment purchase include a rental business?
Not automatically. The development promotes hotel-style apartments and managed rentals, but rights to rent, the operator's services and the allocation of income and costs are separate contractual matters. Model net receipts after all deductions and ask what happens if occupancy falls or the management arrangement changes.
Public record
  • The company's website describes a broad construction service: site selection, design, building works and material sourcing. Hidden City Ubud is the principal example it puts forward. That is useful evidence of what the business promotes, but it does not amount to an independently checked record of completed developments or a verified history of handovers. The Hidden City Ubud website advertises its Losta and Mira villas and Stone townhouses as ready for handover from June 2025. It also lists Q3 2026 delivery for apartments. That latter target had passed by the 17 October 2026 review date; we did not establish that the apartment building had received its required completion documentation or that units had been handed over. Rise Real Bali's listing still distinguishes a completed first phase from an apartment phase under construction. A phase-by-phase document trail matters more here than an overall project completion claim.
Unknowns
  • The legal entity, contracting party, land interest and terms of a selected property must be checked from documents before payment.

Projects and buyer context

The unit mix spans small studios, one-bedroom apartments, two-storey townhouses and larger detached villas. An important distinction is that the project describes its apartment component within a hotel-style setting. The rights attached to such a unit, its rental arrangements and the charges imposed by the operator need to be read from the unit-specific documents; the word 'apartment' alone does not settle them.

No complete current price schedule issued by a verified contracting seller was available in the sources reviewed. As a dated indication rather than an offer, Rise Real Bali advertised an entry-level studio at approximately IDR 1.72 billion on 17 October 2026. That figure needs a fresh availability and contract-price confirmation, including any furnishing, tax, management and payment-plan costs.

The development is marketed in the Ubud area of Gianyar Regency. Its appeal depends in part on having shared services within the grounds rather than relying entirely on central Ubud. The plans include pools, wellness areas, places to work and commercial space, but not all of that is represented as already delivered. Prospective owners should distinguish facilities that can be visited today from later phases, especially if the purchase decision or rental model depends on those amenities being available.

Delivery history
  • The company's website describes a broad construction service: site selection, design, building works and material sourcing. Hidden City Ubud is the principal example it puts forward. That is useful evidence of what the business promotes, but it does not amount to an independently checked record of completed developments or a verified history of handovers. The Hidden City Ubud website advertises its Losta and Mira villas and Stone townhouses as ready for handover from June 2025. It also lists Q3 2026 delivery for apartments. That latter target had passed by the 17 October 2026 review date; we did not establish that the apartment building had received its required completion documentation or that units had been handed over. Rise Real Bali's listing still distinguishes a completed first phase from an apartment phase under construction. A phase-by-phase document trail matters more here than an overall project completion claim.

Observable track record

The company's website describes a broad construction service: site selection, design, building works and material sourcing. Hidden City Ubud is the principal example it puts forward. That is useful evidence of what the business promotes, but it does not amount to an independently checked record of completed developments or a verified history of handovers.

The Hidden City Ubud website advertises its Losta and Mira villas and Stone townhouses as ready for handover from June 2025. It also lists Q3 2026 delivery for apartments. That latter target had passed by the 17 October 2026 review date; we did not establish that the apartment building had received its required completion documentation or that units had been handed over. Rise Real Bali's listing still distinguishes a completed first phase from an apartment phase under construction. A phase-by-phase document trail matters more here than an overall project completion claim.

What to check

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What to checkChecklist0 of 4

Sources

Show sources · 8
  • Markov Projects
  • Markov Projects
  • Hidden City Ubud
  • Hidden City Ubud
  • Rise Real Bali
  • Koalista
  • JDIH ATR/BPN — Government Regulation No. 18/2021
  • DPMPTSP Kabupaten Banyuwangi