The Umalas Signature Apartment Complex: Investor Issues and Latest News

Introduction

The Umalas Signature Apartment Complex has become the center of a major conflict. Investors cannot access their units due to actions by Budiman Tiandy, who blocks properties, rents them out, and threatens loss of ownership. This page is created to coordinate actions and discuss the situation in the Umalas Signature investors' Telegram group.

Current Issues

The situation with The Umalas Signature continues to worsen. Key issues:

• Budiman Tiandy illegally rents out units, transferring money to his personal accounts.
• He puts units owned by investors up for sale without their consent.
• Budiman Tiandy and his trusted people demand an additional 25% of the unit's cost, threatening complete loss otherwise.
• Investors remain without legal protection and access to their properties.

Legal Assistance for Investors

To protect your rights, we recommend:

• Contacting an independent lawyer to assess your rights.
• Joining a collective lawsuit against Budiman Tiang.
• Joining the investors' Telegram group, which currently has over 100 members, to follow updates and recommendations to protect your interests.

Latest News

Check out relevant publications in local media:

• Ownership Dispute: Investors Suffer Losses
  The Umalas Signature has become the center of a major conflict between property owners and investors. Over 100 investors reported losses amounting to hundreds of billions of rupiah due to the actions of Budiman Tian, who blocked access to their properties. Investors have sent an official letter to the Governor of Bali demanding the protection of their rights. Learn more: Watch the press conference on YouTube.
• A press conference was held on December 20, 2024, where detailed information about the ongoing conflict was disclosed. During this conference, it was revealed that a formal letter had been sent to the Governor of Bali, I Wayan Koster, addressing the violations and requesting immediate intervention.
• Why can't owners access the building?
• Conflict and police actions in Bali
• Explanation from SHGB owners