RealEstat.id (Jakarta) – The Island of the Gods has transformed into a property investment hot spot after the Covid-19 pandemic. The reason is, the Bali property market has been able to recover beyond everyone's expectations.
Thus, it is only natural that property development on the Island of the Gods currently looks massive and is able to attract the interest of local and overseas investors.
Even when the reciprocal tariff policy was implemented by US President Donald Trump on imported products from a number of countries, including Indonesia, the Indonesian Ministry of Tourism believes that the tourism sector can be a national economic defense tool in facing external pressures due to the policy.
This is very possible, considering that tourism is a service business that is not disturbed by trade tariff policies, so by attracting more foreign tourists, Indonesia can maintain the stability of the Rupiah and foreign exchange reserves.
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In addition, the very promising potential for tax revenue from the sale and purchase or rental of residential and hotel properties is one of the benchmarks for the Indonesian government in encouraging the growth and sustainability of the tourism industry in Bali.
As an illustration, villas in strategic locations can get rental yields of up to 15% to 25% per year, or far above the world average rental yield of only 5%. This is possible because Bali is a tourist area, where hotel and villa occupancy rates are generally between 70% and 80%.
The government's strategic focus on a quality and sustainable tourism sector, designed to attract high-spending tourists, can also increase the attractiveness of the Island of a Thousand Temples as a premium destination.
On the other hand, the increase in the number of foreign tourists to Bali has driven up residential property prices, especially in popular locations such as Canggu, Seminyak, and Ubud.
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Property consultant Knight Frank stated that Bali is one of the ten investment destinations chosen by the wealthy as a second home.
The research also stated that economic growth in Bali has reached 7.5% since 2021, with an average occupancy rate that continues to increase to reach 75%, making investment in Bali very attractive.
Meanwhile, the growing trend is the shift in tourist interest to new areas in western Bali, such as Seseh, Kedungu, Cemagi, Nyanyi, and Pererenan. These locations open up new opportunities for real estate development.
While popular places such as Sanur, Seminyak, and Ubud remain in demand, nowadays travelers are increasingly attracted to areas that offer a closer relationship with nature and a greener environment.
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"One of the most important principles in property investment is location. For a property project to be successful, the question that needs to be asked is: is the location popular or not? Does the location still promise price growth in the next 10 to 15 years, or will it enter a saturation phase?" said Evgeny Obolentsev, General Manager of NPG Indonesia.
According to him, property is a long-term investment, so locations that have the potential to grow are a more logical choice—outside of the potential annual rental.
The Nyanyi area in Tabanan Regency is one example, which has become a hidden gem for those seeking a life closer to nature. The trends nowadays are towards nature, greenery and peaceful atmosphere with all required infrastructure nearby,” Evgeny Obolentsev explained.
He said that Nyanyi Beach is known as a beach with exotic black sand, big waves that are suitable for surfing enthusiasts, and has a beautiful sunset panorama. The location of this new development also offers natural scenery that is still virgin and beautiful.
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In terms of business, Tabanan Regency can be said to be one of the most prospective areas for investment in Bali. In 2021, Tabanan Regency was in fifth place after Badung, Denpasar, Gianyar, and Jimbaran, with a property demand index reaching 3.28%.
This area is also included in the development for the Bali metropolitan area: Sarbagita (Denpasar-Badung-Gianyar-Tabanan).
"In fact, in terms of the property demand index, Tabanan is above Nusa Dua, Seminyak and Ubud," said Evgeny Obolentsev.
The Bali Provincial Government (Pemprov) recorded investment realization reaching IDR 12.48 trillion in the first quarter of 2024. This amount consists of foreign investment reaching IDR 7.49 trillion.
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The five sectors with the most investment realization include hotels and restaurants, housing, industrial and office areas, other services, electricity, gas and water to trade and repairs.
Furthermore, he highlighted Nuanu Creative City as the main landmark in the Nyanyi area, Tabanan Regency. With an area of 44 hectares, Nuanu is a visionary center in Bali that embodies a commitment to living in harmony.
Nuanu fosters a vibrant community of creators, leaders and changemakers, offering thoughtfully designed spaces for education, arts and culture, wellness, entertainment and nature-inspired living.
Together, these interconnected elements form an ecosystem that fosters collaboration, creativity and meaningful connections.
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“As Nuanu Creative City continues to grow, we introduce Ecoverse, a premium residential project located at the gateway to the development of this visionary project,” added Evgeny Obolentsev.
Ecoverse is a residential complex that offers exceptional comfort, through high-quality building construction and harmony with the surrounding nature.
Featuring 35 apartment units and 16 2 and 3-storey townhouse units, the residences at Ecoverse are offered with a 28-year leasehold status with an option to extend for up to 30 years.
He explained that NPG Indonesia is a developer company that focuses on property development in Bali by aligning buildings, facilities and a modern lifestyle with nature and the surrounding environment.
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Furthermore, Evgeny Obolentsev explained that NPG always prioritizes the principles of sustainability in every residential project developed.
Ecoverse is equipped with various facilities, such as a 25-meter Olympic swimming pool, gym, and restaurant. The 5,250 square meter residential area has been 75% sold and is the only project around Nuanu Creative City that has underground parking facilities.
To support the mobility of its residents, while supporting the principles of sustainability, Ecoverse provides electric buggy vehicles.
"Our dedication to detail ensures that the quality of Ecoverse products is able to offer comfort and satisfaction to consumers. To ensure this, we even provide a building structure warranty of up to 25 years. This is very important, for the security of our consumers' investments," concluded Evgeny Obolentsev.
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