Triggers for Bali’s Most Desirable Properties

BALI – The increase in tourist arrivals in Bali has driven the growth of the property business climate in Bali.

Quoted from kompas.com, Bali has become the region with the most popular residential search during the July 2022-July 2023 period.

This is evidenced by the popularity of properties in Badung which experienced a growth of -1.5 percent to 1.4 percent. While Denpasar grew from -0.7 percent to 0.9 percent.

This annual growth in popularity still tends to be high compared to South Jakarta which is in the range of 0.8 percent and Bandung 0.7 percent.

Apparently, there are many reasons behind this as stated by Associate Vice President Marketing 99 Group Indonesia Firman Pamungkas Putra in his report, Saturday (26/8/2023).

“Apart from being a tourist destination, property interest in Bali is also influenced by the existence of a number of regulations and policies that make it easier for foreign nationals (WNA) to settle down,” said Firman.

According to him, the government’s plan to harmonize the Golden Visa regulations (special visas for investors who will invest in Indonesia) in the near future is expected to have a positive impact on property investment, both in Bali and other regions in Indonesia.

At least, there are five areas in Bali that are most popular with property seekers, namely led by Badung with 48.2 percent popularity.

Then, followed by Denpasar 29.9 percent, Gianyar 13.1 percent, Tabanan 4.7 percent and Buleleng by 2.6 percent.

Firman revealed that Badung, Denpasar, and Gianyar are favorite tourist destinations among domestic and foreign tourists, and are located within easy reach to and from Ngurah Rai International Airport.

These three areas are also equipped with public facilities and commercial developments that are comprehensive enough to accommodate the activities and needs of tourists.

“Badung’s popularity as the center of concentration of tourist activities in Bali also recorded the highest yield compared to other regions, at 4.9 percent – relatively higher than other major cities including the Greater Jakarta area. Thus, this region is potential for property investment,” he concluded.

(Editorial)
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