Billionaire-Backed Developer RISE Breaks Ground on Massive $62 Million Luxury Bali Resort to Boost Recurring Income

JAKARTA, Investortrust.id — Indonesian property developer PT Jaya Sukses Makmur Sentosa Tbk (RISE), a real estate firm affiliated with billionaire tycoon Hermanto Tanoko, has officially launched the construction of VASA Ubud, an exclusive luxury resort in Bali carrying a total investment value of approximately Rp1 trillion ($62.8 million).

The flagship international-standard hospitality project is being developed across more than 18 acres of premium terrain in Ubud, directly bordering the natural landscape of the iconic Ayung River. The company expects construction to wrap up within a 30-month timeline.

For global real estate investors and luxury hospitality funds, RISE’s aggressive pivot into Bali’s premium sanctuary market underlines the surging demand for high-end, eco-conscious travel destinations in Southeast Asia. By deploying significant capital into a low-density, high-yield asset, the developer is actively rebalancing its portfolio away from volatile residential property sales toward predictable, long-term recurring revenue. This move comes as major hospitality brands race to capture ultra-wealthy travelers who demand high privacy paired with rigid ESG credentials.

Targeting Global Luxury Hospitality

The development is a deliberate move to transition the Indonesian hospitality brand into an international competitor. By establishing a foothold in Bali's most lucrative premium corridor, the developer intends to structurally alter its long-term financial performance.

Budi Agusti, the President Director of Jaya Sukses Makmur Sentosa, detailed the company's financial layout in an official statement on Saturday, July 18, 2026.

"Carrying the vision of presenting a premium Indonesian hospitality brand capable of competing globally, VASA Ubud represents a strategic step for the company to expand its business growth engines," Agusti stated. "It will simultaneously increase the hospitality segment's contribution to our future financial performance."

Premium Scale and Design Architecture

VASA Ubud is intentionally designed as a low-density luxury sanctuary to optimize traveler privacy. The ultra-premium layout features 41 private luxury villas alongside 128 sanctuary-style hotel rooms.

The baseline accommodation size starts at over 516 square feet per room, deliberately exceeding current luxury hospitality standards to command premium nightly rates.

"This size offers a significantly larger space compared to standard premium accommodations in general," Agusti explained during the commercial launch.

Deploying Advanced Sustainable Tech

The project utilizes a terraced architectural system that mirrors traditional Balinese village layouts to minimize topographic disruption along the river contours. Rather than focusing solely on aesthetics, the company is deploying a suite of green infrastructure technologies to protect its asset value against shifting climate regulations.

Key sustainability measures include the complete revitalization of local natural waterways, the deployment of integrated solar panel energy grids, sophisticated multi-pool water recycling loops, and the installation of organic micro-vegetation roofing.

Securing Long-Term Corporate Valuation

Management expects the infrastructure phase to act as a significant economic catalyst for local communities by generating construction jobs and supply chain opportunities, which will later transition into permanent operational employment.

Ultimately, the development acts as the anchor asset for the company's long-term financial stability.

"We expect VASA Ubud to become a highly strategic asset for RISE in strengthening our hospitality business, bolstering our recurring income, and enhancing our corporate value over the long term," Agusti concluded.