Bolstered by the country’s solid macroeconomic fundamentals, Indonesian property demand will continue to growth.
From a national perspective, the Indonesia Investment Coordinating Board (BKPM) just announced a highest record for the investment realization in Quarter II of 2014 (April – June) with Rp. 116.2 trillion (approximately USD 10 billion), an increase of 16,4% compared to the same period in 2013.
Considering that economic trend for Indonesia, the growing popularity of Bali and the limited land area, it’s not surprising to see land prices skyrocketed on the island of Gods.
In the coming years, we can easily predict a housing needs for local people and building demand for tourism development. John Sahadewa, a property analyst, said that it was rather difficult to build a residential area especially in Denpasar and Badung (main tourist areas in Bali) due to limited land and high prices. Despite the housing issues in Denpasar and Badung, Sahadewa believes real estate expansions is possible in other regencies (counties) on the island such as Tabanan, Negara, Gianyar, Bangli, Karangasem, Klung-kung and Buleleng.
Based on the general trend, we can forecast a solid growth ahead for Bali real estate market.
Intan Goyana and Bali Radar Team
From a national perspective, the Indonesia Investment Coordinating Board (BKPM) just announced a highest record for the investment realization in Quarter II of 2014 (April – June) with Rp. 116.2 trillion (approximately USD 10 billion), an increase of 16,4% compared to the same period in 2013.
Considering that economic trend for Indonesia, the growing popularity of Bali and the limited land area, it’s not surprising to see land prices skyrocketed on the island of Gods.
In the coming years, we can easily predict a housing needs for local people and building demand for tourism development. John Sahadewa, a property analyst, said that it was rather difficult to build a residential area especially in Denpasar and Badung (main tourist areas in Bali) due to limited land and high prices. Despite the housing issues in Denpasar and Badung, Sahadewa believes real estate expansions is possible in other regencies (counties) on the island such as Tabanan, Negara, Gianyar, Bangli, Karangasem, Klung-kung and Buleleng.
Based on the general trend, we can forecast a solid growth ahead for Bali real estate market.
Intan Goyana and Bali Radar Team