After years of pandemic slowdown, Bali’s real estate market is roaring back to life. The driving force? A dramatic rebound in international tourism and a growing appetite for premium property across Bali, especially in northern Badung.
By mid-2024, Bali welcomed over 3.6 million international tourists, according to the Bali Statistics Agency (BPS). That’s a massive 76 percent increase compared to the entire year of 2023. This tourism surge has revived confidence in the sector, including premium property in Bali, fueling a steady 7 percent annual increase in average property prices over the past five years.
Berawa and Canggu, both in North Badung, continue to dominate in terms of supply, with each contributing over 1,600 property units. But now, attention is turning toward Munggu, a quieter area nestled between these two hotspots.
Munggu is gaining momentum as a prime location for both investment and residential living. Its appeal lies in its balance—offering peaceful surroundings while still being close to Bali’s activity hubs. Premium villas in the area now command rental rates as high as USD 635 per night for a five-bedroom unit. That’s around 17 percent above the average market rate, underlining its rising value.
Land prices in Badung have also soared. Based on Real Estate Indonesia (REI) data, land in the area now sells for IDR 4 billion per ARE, a significant increase from IDR 2.6 billion in 2013. A report from Knight Frank suggests that land values in strategic spots could climb as much as 43 percent in the near future—clear evidence that investor interest continues to grow.
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Developers have responded to this momentum by launching upscale residential projects designed for international buyers. Among the most notable is LEVIRO Residences, a new development by Core Concept Living, soon to rise in Munggu.
LEVIRO blends Scandinavian minimalism with Japanese precision and Balinese natural elements in a concept called Scandinasian architecture. The design prioritizes peace, function, and sustainability. Homes feature wide openings for sunlight and natural materials like solid wood and stone, creating a space that feels grounded in both nature and culture.
“Munggu has evolved into a magnet for digital nomads and lifestyle-focused homeowners. We’re here to meet their need for refined, serene residences that remain close to Bali’s main hubs,” said Shanny Poijes, Managing Director of Core Concept Living.
The project will cover 9,060 square meters of land and offer villas with three to six bedrooms. LEVIRO is being developed in partnership with local architecture studio ShaDesign, known for its contextual and contemporary approach to design.
Shanny added that LEVIRO was created in response to the growing demand for high-end properties in the post-pandemic era, especially in the booming Badung area. The public launch is set for October 2025.
Construction will begin in the first quarter of 2026, with units expected to be handed over by the end of 2027. The Expressions of Interest (EOI) phase will officially open on August 18, 2025.
