The very busy area of seminyak and Legian in Bali have become very saturated with luxury villlas and boutique resort the prices of the land is growing to the top of the Indonesian real estate market. Many new property buyers from Singapore are beginning to look in other area. Alternative neighbourhoods such as Jimbaran, Ubud, Canggu, and Tabanan offer good value for the investment. Some investors are even looking to the other island lieke Sumba and Lombok islands where you can have better price for mq of land.
Is the end of golden era of Bali real estate? the reality is commercial and domestic real estate investment in Bali have, in large part, been propelled by increased tourism to the island. In 2016, Bali surpassed its target of 4.2 ML tourists from all around the world for the year by November, and the total by year end was 4.92 ML – up 23.14% from the year before. The goal stands at 6.5 ML for 2018. That's why many new condo hotel are in costruction right now but the price still very hight.
Next time we will interview the guru of the Bali real estate market Mr Marck Tuck, and ask to him the future trends about how and when invest on real estate in the island of Bali.
