Krisna Loka Siulan Residence

The setting is urban East Denpasar, not a beach-resort address. The original project listing places it at Jl. Siulan No.41 in Penatih Dangin Puri, with the more useful access description given as Gang Taman Sari, Banjar Bekul. A Waze entry identifies a house numbered C5 at Krisna Loka Residence Siulan, while a separate local business uses the development and unit C01 as its contact address. These independent traces make the location considerably more specific than the general Denpasar label. They do not establish the survey boundaries or provide a reliable set of site coordinates, however.

For context, the developer-facing advertisement dated 10 October 2022 described two-bedroom, one-bathroom houses with 45 square metres of built space on 70-square-metre plots. IDR 655 million was the price displayed at the time. It should stay in the historical column: the catalogue now says sold out. The original sales copy also promised a single entrance, paved internal access, garden and gate features, a bore well and an electricity connection. Those details explain how the estate was presented at launch, but do not verify the state of its common areas or services four years later.

A new buyer will see a different floor plan in the resale advertising. Ocicio carried an advertisement updated on 20 August 2026 for a three-bedroom, two-bathroom, single-storey property, with a 110-square-metre plot and 60 square metres of building area, at IDR 975 million. Pinhome lists a house on Gang Taman Sari with three bedrooms, two bathrooms, the same 110-square-metre plot, a carport and front and rear garden areas. It asks IDR 1 billion and gives the building area as 70 square metres. The location, owner presentation and features suggest these may be duplicate advertisements for one house, so they should not be counted as two available homes.

The ten-square-metre difference matters. It could reflect differing measurement conventions, work done after the original build or an error in one of the advertisements; none of those explanations is proven. Nor is there evidence that the three-bedroom property was an original developer floor plan. A prospective purchaser needs the actual floor plan, land certificate, building documentation and an inspection of the existing structure before accepting either description. A larger plot in the resale advertisement does not make it representative of every property in the estate.

The financing note deserves attention even before negotiations over price. Both resale advertisements say that the land certificate is with a BPR lender under an existing home loan and mention the possibility of taking over the credit. A mortgage transfer, discharge of security and ordinary cash purchase are not interchangeable processes. The outstanding balance, lender approval, payoff instructions and timing of release have to be established directly with the bank and seller. Advertising a home as ready to occupy does not mean the title is free of encumbrances or that a transfer can take place immediately.

The land right advertised for the original project and for the resale property is SHM, or Sertifikat Hak Milik, associated with the Indonesian Hak Milik ownership title. We have not reviewed any individual certificate or official land-register extract. This is particularly relevant for overseas purchasers: Indonesian law does not allow a foreign individual to acquire Hak Milik land directly. Other lawful residential arrangements may be available under applicable rules, including qualifying use rights, but the right route cannot be chosen from a property listing alone. A nominee owner should not be treated as a safe shortcut to the same result.

Krisna Loka Property links its brand to PT Krisna Loka Maheswara on its own About Us page and presents itself as a housing developer, contractor and marketer. That provides a credible identification of the selling brand behind the archive, not independent confirmation that this company holds every land title or was the named permit holder for the Siulan estate. The public material does not disclose the total number of houses, a documented completion date or the actual IMB, PBG or occupancy records for this location. The 2022 copy mentions an IMB, but the permit itself has not been seen.

What remains is a fairly clear use case rather than a speculative investment story. A compact landed home in a settled Denpasar neighbourhood may appeal to someone who lives and works in the city and is prepared to judge the house on its practical merits. It is much less suitable for someone expecting a staffed holiday-villa product, documented rental guarantees or an uncomplicated foreign freehold purchase. Nothing found establishes a rental yield, a completed sale at either asking price or the pace at which homes in this particular estate resell. The useful decision is about one identified property, not a promise about the whole Bali market.