Estimated value of Jimbaran land prize

sakumabali

so you bought 2 are @ jalan uluwatu for 150 million / are? Freehold? Opposite an universiy? That sounds unbelievable cheap... I bought land near there too @ Goa Gong, a year ago for 100 million / are. But this land was kind of a gamble (cul-de-sac, disputed entrance, difficult ex-owner who lost the plot in a cockfight etc), there the prices are around 150....so Jl. Uluwatu should be way above. 3 Years ago prices for land in Nusa Dua "Centre" were around 150 million / are. Now they're at least double. Some plots they sell in Siligita for 500-700 million are (not beachfront even no ocean view), heart of Jimbaran is very expensive too.. I thought were talking Jalan Kampus Udayana (OP) and this is above 150 -200

Dyah

i have since 2 years brand new little house in Sakura Regency in Bukit Jimbaran (between Ayana & 4 seasons). 120 m2, minimalist style house ca 50m2. At first i would like to rent it, but last year (May 2012) my husband and i, we decide to sell it and we put fix price 470 juta IDR. Since November some people call my sister to buy this house ... we have now 6 seriously candidate as buyer... My sister in Indonesia told me, on the neighbourhood, the similar house with just 90-100 m2 have the price from 550 juta IDR. It´s very surprise for me (i´m now in Europa until end of Januar) ... Now, i don´t know... if i will sell my house for 470 juta IDR...

Nakal

Hey all, Just out of curiousity very interested to know what the current value per are would be of some land in the Jimbaran area. It's right in between GWK and the University and got an access road of 5mtrs. We bought 7 are back in 2007, should be worth something now right? :) Location: Google Maps Anyone who is aware of the current land prices there?

sakumabali

Ken when you've been the last time on Bali? Or when you seriously last time checked the real estate prices around Jimbaran? Don't want to be a smart ass but prices are crazy these days, many harga mimpi of course but I know people who sold / bought for prices :grief: I'm out of this business, makes no sense anymore, good days are OVER @Nakal: nobody really knows the prices these days, I would test the market and contact some realies, but take your time (not 1st comes 1st buys), it's an open cash market here, some people from jakarta or Greece you know wadda mean?

gtrken

Hey all, Just out of curiousity very interested to know what the current value per are would be of some land in the Jimbaran area. It's right in between GWK and the University and got an access road of 5mtrs. We bought 7 are back in 2007, should be worth something now right? :) Location: Google Maps Anyone who is aware of the current land prices there?

If it has the Listrik and PDAM connected or at least very close I would suggest around 150-200 Juta per are. What does the land tax office charge you ? They usually have a fairly accurate pricing of the value per are . Mind you if you really want to sell it I think it is only worth 50 juta per are and i am happy to take it off your hands for that.. Hehehe Cheers Ken

sakumabali

Oh I see, maybe I should check before i post :-) I bought land near the entrance to Puri Gading not Goa Gong, there it was also around 150...Goa Gong is getting expensive too...small plots are normally more expensive than big 1s...2 are for 300, sounds good Ken! Cheers

gtrken

sakumabali wroteKen when you've been the last time on Bali? Or when you seriously last time checked the real estate prices around Jimbaran? Don't want to be a smart ass but prices are crazy these days, many harga mimpi of course but I know people who sold / bought for prices :grief: I'm out of this business, makes no sense anymore, good days are OVER @Nakal: nobody really knows the prices these days, I would test the market and contact some realies, but take your time (not 1st comes 1st buys), it's an open cash market here, some people from jakarta or Greece you know wadda mean?

Last time I was in Bali was 4 days ago and had just finished negotiating to purchase 2 are opposite the Polytechnic ( about 3 kms from the OPs land) for the price discussed.... Don't want to be a smartass or anything....

gtrken

so you bought 2 are @ jalan uluwatu for 150 million / are? Freehold? Opposite an universiy? That sounds unbelievable cheap... I bought land near there too @ Goa Gong, a year ago for 100 million / are. But this land was kind of a gamble (cul-de-sac, disputed entrance, difficult ex-owner who lost the plot in a cockfight etc), there the prices are around 150....so Jl. Uluwatu should be way above. 3 Years ago prices for land in Nusa Dua "Centre" were around 150 million / are. Now they're at least double. Some plots they sell in Siligita for 500-700 million are (not beachfront even no ocean view), heart of Jimbaran is very expensive too.. I thought were talking Jalan Kampus Udayana (OP) and this is above 150 -200

It is not on Jl Uluwatu but off Bukit Hijau 1 on a small Gang next to the soccer field ( limestone road ) There is a bunch of small development blocks there put on the market by Bank Mandiri complete with houses and the land price component was based on 150 Juta per are. All are now sold and they haven't even finished putting the roads in yet and yes the price for the land I am talking about is freehold as my wife is indonesian. I also stated it was between 150 and 200 Juta per are and yes it may be cheap but the OP was asking for any ideas and as these prices are current and very close to their land I offered the information. Cheers Ken Kennetha Kost - Home

Nakal

Hey all thanks for your replies!

gtrken wroteIf it has the Listrik and PDAM connected or at least very close I would suggest around 150-200 Juta per are. What does the land tax office charge you ? They usually have a fairly accurate pricing of the value per are .

Yes it got both Listrik and PDAM on the property next door so that's no problem at all. As for the taxes, last year was about 500k I think but that included a penalty for late payment... hehehe.

sakumabali wrote I bought land near there too @ Goa Gong, a year ago for 100 million / are, there the prices are around 150....so Jl. Uluwatu should be way above. I thought were talking Jalan Kampus Udayana (OP) and this is above 150 -200

I'm talking about a plot located about 200mtrs inland from Jl Uluwatu, in the original post there is a google maps link and the centre is exactly our plot. I think the road is called Jl. Mecutan but not sure, lol.

gtrken wrote Mind you if you really want to sell it I think it is only worth 50 juta per are and i am happy to take it off your hands for that.. Hehehe Cheers Ken

Hahaha... and that would still give me a decent profit ;) We bought it 6 years ago and obviously it was bought to build a house and live there forever and ever... everyone dreams right? Right now we're having second thoughts and merely see it as a very good investment, which it absolutely is. Especially for the rate we bought it for back then :) So at this moment thinking about selling or swopping it for something smaller with an house already build on it. We also good just hang on to it a little longer and wait for the value to increase a little more. Decisions decisions....

Nakal

Finally arrived in Bali yesterday, damn things have changed in 3 years. Must say that traffic absolutely improved. Went to check our land today, still looking fine. Immediately a couple of guys showed up and after some discussion they suddenly offered 200jt p/are. Good price sir! Morning price pak, I replied :) Let's wait, check some more things and see, but ROI absolutely looks good if we would sell. Don't think so though. No rush.

BKT

Hey Nakal, if you ever decide to sell let me know, I'm looking for something in that area at the moment

Nakal

BKT wroteHey Nakal, if you ever decide to sell let me know, I'm looking for something in that area at the moment

Hey BKT, will do but don't expect it to be at 200jt. If a local would easily offer that much, the actual value must be higher. 3 more weeks to do research :)

Nakal

Well finally got some more clear info after speaking to some local and western land owners. Recently plots within a radius of 250mtrs changed hands for approx 300-325jt p/are and a little further away on a location nearer to Jl. Uluwatu for approx 375jt. So my guestimate of 300jt wasn't that bad. Must say prices have gone up amazingly, wonder what they would do in the future when other plots next door finished their villas and when GWK is finally finished. BKT still interested for these idiot rates? lol.

BKT

Maybe 3 or 4 are if sub dividing is a possibility.

Markit

You are talking about a small plot of land on a small island in a 3rd world country that can't be owned by foreigners costing around $100,000 for 20 x 20 meters, not even big enough to put a decent house on. I can hear the sound of the feeding frenzy from up in Karangasem but also the sound of bursting bubbles.

matsaleh

Nakal's original post said he had 7 are (700 x 700 m2). Surely big enough for a decent villa.

Markit

But BKT only wants 3 or 4 at the morning price of 300 juta/are

davita

matsaleh wroteNakal's original post said he had 7 are (700 x 700 m2). Surely big enough for a decent villa.

Mats...that really would be big enough for a decent villa as it equates to 490,000 sq metres....don't worry it is often wrongly stated as square metres or metres squared....both giving different results. 1 Are equals 100 sq metres..... Therefore 7 Are is 700 sq metres....which, if rectangular, would be 700m X 1m or 70m X 10m, if square, about 26.456m X 26.456m.

matsaleh

You're absolutely right. I can't calculate.

Nakal

matsaleh wroteYou're absolutely right. I can't calculate.

lol.. exact dimensions are 14.7 x 47.5 mtrs The access is along the 14.7mtr side. Partial sale is unfortunately not going to happen, not with these dimensions.