Vertikal Indonesia and Just Residence: The Questions Buyers Need Answered

Who appears in the public record

Just Residence in Ungasan is the clearest publicly documented Bali development associated with Vertikal Indonesia. The project website identifies PT Vertikal Indonesia as its developer and names PT Arta Kreasi Persada as a collaborator. Neither statement, on its own, identifies the seller in a purchase agreement or establishes which entity holds the rights required to grant an apartment interest.

There is a more consequential question than how the finished apartments might look. Reporting on a May 2026 investor meeting described a change in project oversight, disagreement over the extent of construction progress, and an unresolved issue around the underlying land lease. Those accounts are attributed to meeting participants; they are not independently verified title records or findings against the developer. A prospective buyer needs the current contractual and construction position before treating an advertised unit as a straightforward completed-property purchase.

What the sources support

The project has identifiable participants, but that is not the same as a verified chain of title or an established record of delivery. Its own website names PT Vertikal Indonesia and PT Arta Kreasi Persada; no reviewed public document establishes which party can sell a specific unit, grant the promised tenure and remain liable if delivery is delayed.

Balinsky’s first-hand account of a May 19, 2026 investor meeting reported that external project oversight had been introduced. Speakers reportedly said the underlying 30-year land lease was held personally rather than by the development company, and that a proposed transfer to the company had not been agreed with the landowners. The final funding requirement for completion was also said to be undisclosed. These are reported statements at a particular point in time, not a substitute for the underlying deeds, corporate authorisations or a fresh financial update.

Completion information deserves equal scrutiny. Older sales listings still refer to a third-quarter 2025 delivery target, while a Balinsky database page currently estimates completion at 100%, despite that publisher’s separate account of unresolved works in May 2026. Such labels are not handover or occupancy documents. Indonesia’s building system distinguishes a building approval (PBG) from a functional-fitness certificate (SLF); the relevant permits, any applicable legacy approvals and the present occupation status of Just Residence remain to be checked directly.

FAQ

Projects and buyer context

Vertikal Indonesia’s confirmed offering here is an apartment development. The Just Residence website illustrates layouts of 27, 35, 45, 57 and 66 square metres. Its home page markets apartments from US$105,000 and refers to a 27-year leasehold. These are advertised starting terms, not evidence that a particular unit is available on that basis.

A separate Balinsky listing carried an asking price of US$82,300 for a 35-square-metre unit, updated September 26, 2026. The two figures cannot be compared without matching the units, package inclusions, sellers and legal terms. Buyers should obtain a dated unit-specific offer covering the full consideration, payment milestones, fit-out, ongoing charges and exact rights being granted. No independently verified, contract-backed rental return has been established.

Just Residence gives its address as Jl. Pura Masuka No. 109, Ungasan, South Kuta, Badung, Bali. It is an inland Bukit Peninsula apartment project rather than beachfront accommodation. That distinction matters for day-to-day travel and for a rental strategy: access, operating facilities and the permitted use of a unit are as relevant as the district name.

The project promotes shared amenities including a pool, gym, parking, dining and coworking space. Their presence in marketing material does not prove they are all operational. Anyone considering a purchase should assess the actual state of the common areas alongside the apartment itself.

Observable track record

The available first-party record connects Vertikal Indonesia to Just Residence. It does not provide a verifiable list of other completed developments, handover certificates or commissioning dates. Claimed years of experience should therefore be separated from a documented track record of delivered homes.

A May 19, 2026 account of an investor meeting recorded a management-reported construction assessment of roughly 80%, challenged by some attendees. A one-to-two-year completion horizon was discussed; that is not an independently confirmed handover commitment. A subsequent August 7 report described cleaning work on the building façades. Neither report establishes that all apartments have been delivered or cleared for occupation. A current, building-by-building site record would carry substantially more weight than an automatically updated completion label on a listing website.

What to check