NovAsia

PT Waskita Karya Realty: Developer of Vasaka Bali

Prepared by: NovAsia Editorial Team

Vasaka Bali has an identifiable developer behind the brand. Indonesia’s Sikumbang housing register names PT Waskita Karya Realty for the project, rather than merely linking it through advertising. Waskita Realty was established in 2014 as a property subsidiary of PT Waskita Karya (Persero) Tbk and has a broader Indonesian portfolio spanning residential and other real-estate formats. Its relevant Bali development is a community of landed houses in Batubulan. The parent group, the property company and the Vasaka product name are connected, but they are not interchangeable for contractual purposes. Buyers should identify the exact seller and payment recipient in their own transaction documents.

NamePT Waskita Karya Realty
BrandPT Waskita Karya Realty
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

Vasaka Bali has an identifiable developer behind the brand. Indonesia’s Sikumbang housing register names PT Waskita Karya Realty for the project, rather than merely linking it through advertising. Waskita Realty was established in 2014 as a property subsidiary of PT Waskita Karya (Persero) Tbk and has a broader Indonesian portfolio spanning residential and other real-estate formats. Its relevant Bali development is a community of landed houses in Batubulan. The parent group, the property company and the Vasaka product name are connected, but they are not interchangeable for contractual purposes. Buyers should identify the exact seller and payment recipient in their own transaction documents.

What the sources support

There is better-than-average public identification of the developer: a government housing registration, first-party project information and a dated report of completed handovers. That evidence stops short of proving title, permits or timely performance for a particular house. Buyers should also be aware of a 2026 court proceeding. The Jakarta court decisions index identifies case 157/Pdt.Sus-PKPU/2026/PN Niaga Jkt.Pst involving PT Waskita Karya Realty, decided on 6 August 2026. A published account of the ruling says that a Vasaka Bali buyer alleged delayed handover and sought a debt-payment suspension procedure; the application was rejected. The rejection should not be read as a finding that every delivery obligation was met, nor should the buyer’s allegation be presented as a proven breach. The full judgment was not independently analysed for this profile. Separately, Waskita Realty’s 2025 shareholder-meeting coverage discussed asset and cost optimisation. Public-sector group affiliation is relevant background, not a substitute for checking a seller’s obligations and the specific house being purchased.

Developer evidence

BrandPT Waskita Karya Realty
Identity evidence
  • Public materials and sources disclosed at the foot of this page.
Public record
  • A dated handover announcement gives this development a more concrete track record than a typical off-plan brochure. Waskita Realty said on 19 August 2025 that 40 homes had been handed over in the Evara and Dhama clusters; the release spells the latter name “Dharma.” Later that year the company reported the inauguration of a Hindu temple within the residential site and referred to residents attending. These company disclosures support the existence of completed, occupied development activity, though they are not an independent completion audit. The advertised master plan covers about 12 hectares and approximately 300 houses, with a separate commercial component. Even the company’s project page is inconsistent about the cluster count, showing four in its summary and three in the description. Buyers need an up-to-date phasing plan; nothing reviewed shows that all 300 homes or the entire proposed amenity programme had been delivered by October 2026.
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

  • Vasaka Bali has an identifiable developer behind the brand. Indonesia’s Sikumbang housing register names PT Waskita Karya Realty for the project, rather than merely linking it through advertising. Waskita Realty was established in 2014 as a property subsidiary of PT Waskita Karya (Persero) Tbk and has a broader Indonesian portfolio spanning residential and other real-estate formats. Its relevant Bali development is a community of landed houses in Batubulan. The parent group, the property company and the Vasaka product name are connected, but they are not interchangeable for contractual purposes. Buyers should identify the exact seller and payment recipient in their own transaction documents.

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

Is Waskita Realty the registered developer, or only the Vasaka brand owner?
Sikumbang identifies PT Waskita Karya Realty as the developer for Vasaka Bali. That is useful independent identification, although it does not establish who will sign an individual sale agreement or receive the buyer’s funds.
How much of the 300-home plan has actually been delivered?
The confirmed dated milestone is the developer’s statement that 40 homes had been handed over by August 2025. The approximately 300 homes are a master-plan figure, not a completion count. Seek unit-specific handover evidence.
What does the 2026 court case mean for buyers?
A proceeding involving Waskita Realty is visible in the Jakarta court index. Reporting on the decision says a buyer raised a handover complaint and an application for debt-payment suspension was rejected. Neither an allegation nor the rejection establishes the outcome of every buyer’s contractual claim. Review delivery remedies in your own agreement.
Can an overseas individual take title to a Vasaka Bali house?
Not on the assumption that an Indonesian house sale works like a freehold purchase elsewhere. The answer depends on the land title, the purchaser’s legal status and the permitted form of ownership or use. Have the proposed structure checked locally before payment.
Public record
  • A dated handover announcement gives this development a more concrete track record than a typical off-plan brochure. Waskita Realty said on 19 August 2025 that 40 homes had been handed over in the Evara and Dhama clusters; the release spells the latter name “Dharma.” Later that year the company reported the inauguration of a Hindu temple within the residential site and referred to residents attending. These company disclosures support the existence of completed, occupied development activity, though they are not an independent completion audit. The advertised master plan covers about 12 hectares and approximately 300 houses, with a separate commercial component. Even the company’s project page is inconsistent about the cluster count, showing four in its summary and three in the description. Buyers need an up-to-date phasing plan; nothing reviewed shows that all 300 homes or the entire proposed amenity programme had been delivered by October 2026.
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 product is a landed residential house, not a hotel-room investment dressed up as a villa. Waskita’s sales catalogue lists an Evara home with 110 sq m of building area on 105 sq m of land, and a Dhama option with 140 sq m of building area on a 128 sq m plot. The advertised starting figures visible on 17 October 2026 were IDR 3.1383 billion and IDR 4.178 billion respectively. Another company page presents a rounded project-level entry price, while Sikumbang shows different figures for individual house types. These publications should not be treated as one live quotation. A current offer needs to specify the actual unit, included finishes, taxes, instalments and any extra charges. No rental-return commitment has been substantiated.

The location deserves a closer look than the sales label suggests. Waskita markets Vasaka Bali under Denpasar, and the marketing office is in that city. The government housing entry instead places the residential site in Batubulan, Sukawati, Gianyar Regency. That is the more useful starting point for checking a land parcel or planning a daily commute. The project is associated with the W. R. Supratman road corridor between Denpasar and the route towards Ubud. Buyers expecting a beachfront property, or assuming that a Denpasar marketing address is the development address, could be looking at the wrong setting.

Delivery history
  • A dated handover announcement gives this development a more concrete track record than a typical off-plan brochure. Waskita Realty said on 19 August 2025 that 40 homes had been handed over in the Evara and Dhama clusters; the release spells the latter name “Dharma.” Later that year the company reported the inauguration of a Hindu temple within the residential site and referred to residents attending. These company disclosures support the existence of completed, occupied development activity, though they are not an independent completion audit. The advertised master plan covers about 12 hectares and approximately 300 houses, with a separate commercial component. Even the company’s project page is inconsistent about the cluster count, showing four in its summary and three in the description. Buyers need an up-to-date phasing plan; nothing reviewed shows that all 300 homes or the entire proposed amenity programme had been delivered by October 2026.

Observable track record

A dated handover announcement gives this development a more concrete track record than a typical off-plan brochure. Waskita Realty said on 19 August 2025 that 40 homes had been handed over in the Evara and Dhama clusters; the release spells the latter name “Dharma.” Later that year the company reported the inauguration of a Hindu temple within the residential site and referred to residents attending. These company disclosures support the existence of completed, occupied development activity, though they are not an independent completion audit. The advertised master plan covers about 12 hectares and approximately 300 houses, with a separate commercial component. Even the company’s project page is inconsistent about the cluster count, showing four in its summary and three in the description. Buyers need an up-to-date phasing plan; nothing reviewed shows that all 300 homes or the entire proposed amenity programme had been delivered by October 2026.

What to check

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Sources

Show sources · 12
  • Vasaka Bali — location GIN0120012021T001
  • Company profile
  • Vasaka Bali project page
  • Published unit catalogue
  • Waskita Realty Wujudkan Komitmen, Lakukan Serah Terima Unit Vasaka Bali — 19 August 2025
  • Inauguration of a Hindu temple at Vasaka Bali — 8 December 2025
  • Shareholders meeting 2025: financial recovery and asset optimisation
  • Jakarta Pusat commercial cases — case 157/Pdt.Sus-PKPU/2026/PN Niaga Jkt.Pst
  • Report on the court ruling in the Vasaka Bali purchaser application — 9 October 2026 (secondary legal account)
  • Government Regulation No. 18 of 2021 on land rights and housing
  • Ministerial Regulation No. 18 of 2021 on land title procedures and foreign housing ownership
  • SIMBG — building approval PBG and fitness-for-use certificate SLF