Matthieu Chauveau is a seasoned real estate entrepreneur and Bali expert, having successfully built four companies centered around real estate and tourism over the past three years. His deep knowledge of the Bali market and his entrepreneurial spirit have positioned him as a key figure in the region’s evolving landscape. In this interview, we delve into his personal journey, insights, and strategies for success in the dynamic world of real estate and tourism.
Could you start by telling us a bit about yourself and your background? Where do you originally come from?
I’m originally from Paris, France, but I moved to Bordeaux at 12. My educational background is in business and law. Having lived in eight countries, I’ve developed a deep passion for surfing and entrepreneurship, ultimately bringing me to where I am today.
When did you first arrive in Bali, and how long do you envision staying?
My first experience in Indonesia was back in 2014, working for Accor hotels in Jakarta. It was love at first sight—falling for the culture, the people, and the natural beauty. I moved to Bali in 2016 for a hotel job, returned in 2019 to launch my ventures, and I’ve been here ever since. Bali feels like home now.
What inspired your decision to move to Bali, and what was the thought process behind making such a significant life change?
Surfing! Working in Singapore, despite a good salary and title, I felt unfulfilled, working 80 hours a week. A weekend trip to Bali opened my eyes—life had to be more than work and money. I vowed to return, immerse myself in surfing, and figure things out, but not without a backup plan, so I pursued an MBA.
How does the cost of living in Bali compare to France?
I just came back from France, I can say that Bali is definitely more affordable, though rent can be pricey. If you have children, schooling costs can add up as well. However, a comfortable lifestyle here can generally be maintained for under 2,000 Euros a month.
Where are you living in Bali? Could you share the reasons behind your choice of this particular area?
I live in Seminyak where I can surf within two minutes. Everything I need is a scooter ride away: my office, the gym, yoga studios, and supermarkets. It’s also only a 30-minute drive to the airport, which suits my frequent travels. I previously lived in Canggu but moved due to the traffic.
What inspired you to start your journey as a real estate entrepreneur in Bali, and what were some of the initial challenges you faced?
My entrepreneurial journey began during my MBA when I started a jewelry brand, which was challenging and not lucrative enough to sustain long-term. I ventured into real estate to pay the bills, starting small amidst the pandemic. Building the brand patiently and focusing on doing things right led to our portfolio of five successful businesses.
What unique opportunities did you identify in Bali’s real estate market that led you to establish your companies?
Bali’s brand is powerful internationally, drawing in tourists even post-pandemic. The fast-growing middle class in Indonesia represents a burgeoning market for local tourism.
The market had a clear need for professionalism and transparency, which we aimed to fulfill.
As a real estate entrepreneur, what key trends do you see shaping the future of real estate in Bali and Southeast Asia?
- The rise of local tourism, which already accounts for the majority of visitors.
- Increased regulatory controls in business operations, construction, and taxation.
- A growing emphasis on sustainability to address critical challenges like water and waste management.
What advice would you give to someone looking to enter the real estate market in Bali or Indonesia?
- Take your time to understand the local context and network.
- Keeping emotions in check to avoid rushed decisions.
- Respecting and adhering to local regulations.
What are some common misconceptions about doing business in Bali that you’ve encountered?
Freedom without consequences: It’s crucial to understand that Bali has strict regulations, and not adhering to them can lead to serious consequences, including fines or expulsion from the country.
Ease of success: Business here is as challenging as anywhere else. It requires dedication, capital, and resilience. Beware of those who only share success stories without acknowledging their struggles.
Overnight success: Many enter the market expecting quick wins, but real business requires patience and genuine effort.
What key lessons have you learned from your entrepreneurial journey that you wish you had known earlier?
Patience is crucial: Success takes longer than anticipated.
The right team is invaluable: Invest substantial time choosing partners and hiring the right people.
Maintain focus: Diversifying too quickly can lead to burnout and dilute your efforts.
Don’t sell yourself cheap: Recognize your worth and don’t settle for less than what you deserve.
How do you think the proposed legislation banning new developments of hotels, resorts, and villas in Bali’s busiest tourism areas for the next three to five years will impact the real estate market and tourism industry on the island?
The new governor just announced it won’t come into effect. However, increased regulation is imminent and welcome. At TKT Villa Management, we reject 60% of the requests as they lack proper permits!
Enhanced regulation will promote sustainability and fairness in the market, benefiting the tourism industry and the local community.
Lastly, is there anything else about your experience living in Bali that you’d like to share or that we haven’t covered yet?
Living in Bali offers a remarkable experience, but not without challenges. The island life isn’t for everyone; I’ve seen expats leave after just a few months due to unmet expectations about the lifestyle here. It’s quieter, more isolated, and different from city living. For those considering a move, I recommend spending a few weeks here, engaging with the community, and understanding what life in Bali entails before making significant decisions.
How can people get in touch with you?
On Linkedin: https://www.linkedin.com/in/matthieu-chauveau/
By email: matthieu@tropicinvest.com
