Long-stay serviced apartments, studio suites, guesthouse rooms, rental houses and
associated hospitality services targeting an affluent and growing community of expatriate
specialists and professionals.
High returns through strong growth in asset value with positive cash flows from
Established and profitable Western-owned and managed business in a major emerging
market and strategic free trade zone location.
Ideal leveraging opportunity for property or hospitality investors with available
equity and access to debt funding in a low-interest environment.
Offshore assets and earnings.
SMILING Hill is inviting debt or equity funding from individuals or companies seeking
a secure, high return emerging market property investment.
Invest in Smiling Hill
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THE SMILING Hill Group is transforming a dilapidated housing complex into a gated
community providing serviced apartments, suites, houses, guesthouse rooms and associated
hospitality services targeting the working expatriate community on Batam Island,
Indonesia’s fastest growing region.
Batam (population about 1.25 million) is 20 kilometers by fast ferry from Singapore
and is a designated Special Economic Zone and Free Trade Zone. It is a major center
for light and heavy manufactures and is attracting growing numbers of high income
expatriate professionals and specialists.
Smiling Hill is profitable with consistent positive cash flows and has demonstrated
the viability of its business model. Annual revenues are running at more than SGD$1.1
million (2013) and growing. The company carries less than 4% debt.
Smiling Hill is seeking to raise SGD$2.25 million (US$1.8 million) of debt equity
and debt as expansion funding to be used to convert and upgrade an existing land
bank of houses as quality serviced studios and apartments and to purchase other
available properties for renovation and conversion.
New funding will go directly into the build out program, protecting investors by
quickly converting new funding into tangible assets and adding value. There will
be no cash out by foundation investors resulting from this financing.
Minimal funding is required for infrastructure (capital equipment) as this is already
an established, profitable business and overheads are already expensed.
The Smiling Hill project is fully Western owned and controlled with key assets held
in an accredited Foreign Investment Company (PMA). This structure is grandfathered
- under current corporate laws and regulations a foreign entity wishing to enter
the property development field in Indonesia would be required to have Indonesian
partners. Smiling Hill is exempt from these provisions.
All necessary licenses are in place for the property development and hospitality
operations and have been obtained through proper channels.
This is NOT a blue sky “start-up” but rather is a serious established and profitable
business with a proven business model, experienced and culturally aware management,
predictable returns and strong growth potential. We have done the hard yards and
the reality-based development planning and are ready to go to the next level.
This project would suit any investor with an interest in emerging market property
or hospitality sectors. It would particularly suit any investor with experience in
the serviced apartment sector looking to enter Indonesia via a wholly Western-owned
and established operation with experienced and capable management.
HOUSE TRANSFORMED into four comfortable and well appointed apartments. All were fully
let to Western expatriates within less than a month after completion. BELOW is the
property at the time the Smiling Hill team commenced conversion and renovation.