Spanning two levels, with 180 m² of refined interiors and a 20 m² terrace. A private pool complements the villa, set within a spacious 200 m² plot that ensures privacy and outdoor serenity.
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2nd Level
Master Bedroom - 50 m² with a wardrobe, work area, an en-suite bathroom & panoramic glazing
Bedroom - panoramic glazing, a wardrobe, an en-suite bathroom
Cemagi is a secluded coastal enclave near Tanah Lot, where luxury villas meet black sand beaches and ocean views — offering rare tranquility and Balinese charm.
Canggu
10 minutes
Canggu is Bali’s stylish coastal hub — where surf, cafés, and curated beach clubs meet effortless sophistication.
Nuanu
8 minutes
Nuanu is a visionary coastal enclave blending art, technology, and nature — home to iconic landmarks, immersive spaces, and the world’s largest dome-shaped sauna.
Pererenan
5 minutes
Pererenan is a refined coastal hideaway just minutes from Canggu. An upscale enclave with surf breaks, curated cafés, and a relaxed yet sophisticated vibe.
Vitaliy Cheremensky
Founder of ICON Residence
Entrepreneur. Developer. Community builder
I’ve lived in Bali for years. Icon Residence is the place I’m building to live in myself
I’ve lived in Bali for years. Icon Residence is the place I’m building to live in myself
Our Story
“
2021
Arrival in Bali
Came to Bali for a few months — stayed for years. Couldn't find a place to truly live and work — so he built one.
2025
ICON Residence Launch
A limited collection of 8 beachfront villas, crafted for refined living and strong investment returns — set in nature and a community of like-minded people.
Development of a large-scale 2,500 m² project and the creation of a 10,000 m² art hotel within the cultural cluster in Nuanu (Bali)
2024
From Workspace to Dream Home
2022
Where SETTER Started
Launched for personal use — crafted with intention and care. The opening of four SETTER coworking spaces spanned 2,300 m² and included over 40 private offices, thoughtfully designed for comfort, focus, and a sense of community.
Atmosphera Bali — General Contractor
1 million sq.m.
of development experience
2500+
completed residential and commercial projects
18 years
of experience in the architecture and design market
200 000+ sq.m.
of construction in Ukraine and Austria
100+
completed units in Bali
37 000 sq.m.
of upcoming projects in design and construction across Bali
We partnered with Atmosphera Bali — a trusted contractor with 2,500+ completed units across the island
Built by Atmosphera Bali
B25
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Ubud
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Bukit, Melasti Beach
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and more...
Why Invest In Indonesia
Favorable legislation for foreign investors
Foreigners can own property in Bali through Leasehold (25-99 years) and Hak Pakai (30 years + extension)
Guaranteed growth in property value
Property prices in Bali are growing by an average of 8-12% per year. The main drivers of growth are improving infrastructure and high demand from international investors
High rental yield
POPULATION
275 mln
4th largest in the world
INFLATION RATE
2%
4th annually in the world
INVESTOR PROTECTION
10th
in the global ranking
CURRENCY STABILITY
13%
maximum fluctuation against USD since 2016
ECONOMIC GROWTH
5%
annual growth
ECONOMY RANKING
7th
globally, projected 5th by 2030
Villas and apartments in Bali bring high returns - on average 10-15% per annum
Yes, foreigners can legally own property in Bali through several trusted and government-approved structures: – Leasehold — long-term lease up to 99 years, with extension rights. – Hak Pakai — right-to-use title for 30 years, extendable to 80 years (requires a residence permit). – PT PMA — ownership through an Indonesian company (ideal for investors and commercial use). These options are secure, transparent, and commonly used by international buyers.
Leasehold and Hak Pakai agreements in Bali typically include an option to extend for another 20–50 years. This is a standard and widely accepted practice. Most landowners are open to renewal, and the process is handled legally through a notary with mutually agreed terms. You don’t lose the property — you simply extend your right to use it.
Absolutely. Bali is one of the most stable and high-potential real estate markets in Southeast Asia. Property prices have shown steady annual growth of 8–12%, while rental yields reach up to 15–18% in prime areas. Foreign ownership is fully legal through secure structures for business investors. Thousands of international buyers have already invested with confidence — and are seeing strong, long-term returns.
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