Limited land availability in the southernmost part of Bali, especially Badung and Denpasar, has driven investors northward, a property analyst said.
During the last couple of years, investors have been targeting the coastline around Tanah Lot, in Tabanan, heading to the north of the regency due to the limited land availability in the south.
“Tabanan’s western coast offers pristine black sandy beaches that have the potential to be world-class surfing spots and is predicted to have a bright prospect as an alternative location for property developments,” Matthew Georgeson from property consulting company Elite Haven-Knight Frank stated in a recent piece of research.
The research stated that this bright outlook was supported by future infrastructure development, including the anticipated toll road connecting Kuta in Badung regency and Seririt in the island’s northern regency, Buleleng, that has been planned by the government.
The toll road will be constructed to pass several famous tourist attractions, such as Tanah Lot Temple and Soka Beach in Tabanan. The construction of the 73-kilometer Kuta-Seririt toll road is estimated to cost more than Rp 8 trillion (US$872 million).
According to research and field observation conducted by Elite Haven-Knight Frank, land prices in Bali are expected to continue increasing to around 28 percent throughout the rest of this year, having recorded growth of 25 percent during the first half of this year.
Last year, the growth in land prices in various strategic areas in Bali reached 43 percent, the highest growth ever during the last 10 years when average growth had been around 8 to 16 percent.
Limited land in Bali drives investors northward | The Jakarta Post
During the last couple of years, investors have been targeting the coastline around Tanah Lot, in Tabanan, heading to the north of the regency due to the limited land availability in the south.
“Tabanan’s western coast offers pristine black sandy beaches that have the potential to be world-class surfing spots and is predicted to have a bright prospect as an alternative location for property developments,” Matthew Georgeson from property consulting company Elite Haven-Knight Frank stated in a recent piece of research.
The research stated that this bright outlook was supported by future infrastructure development, including the anticipated toll road connecting Kuta in Badung regency and Seririt in the island’s northern regency, Buleleng, that has been planned by the government.
The toll road will be constructed to pass several famous tourist attractions, such as Tanah Lot Temple and Soka Beach in Tabanan. The construction of the 73-kilometer Kuta-Seririt toll road is estimated to cost more than Rp 8 trillion (US$872 million).
According to research and field observation conducted by Elite Haven-Knight Frank, land prices in Bali are expected to continue increasing to around 28 percent throughout the rest of this year, having recorded growth of 25 percent during the first half of this year.
Last year, the growth in land prices in various strategic areas in Bali reached 43 percent, the highest growth ever during the last 10 years when average growth had been around 8 to 16 percent.
Limited land in Bali drives investors northward | The Jakarta Post
