The Property Sector in Bali Is Getting More Vigorous Due to Quarantine Free Rules

A Hotel at Bali

During the pandemic, Bali’s tourism sector was severely depressed. However, the property sector still survives, even experiencing growth of 20-30 percent. This growth is predicted to be even higher after the government imposed a trial to enter Bali without quarantine.

This was conveyed by the General Manager of Marketing for Ciputra Group, Andreas Raditya. He predicts the easing of the travel policy to Bali could increase Bali’s property market by more than 30 percent this year.

“This achievement is certainly very good during this pandemic, while many property projects in other areas have declined. Bali is indeed different from other provinces in Indonesia because Bali is one of the best tourist destinations in the world,” said Raditya in a press release, Tuesday (29/3/2022).

According to him, the growth of property investment in Bali is not affected by the pandemic conditions, even in 2021 many people tend to invest in Bali.

He explained further, This condition especially occurs in the Ciputra Group project, namely Ciputra Beach Resort in Tabanan. Noted, their property sales increased by approximately 30 percent.

Buyers of houses and lots at Ciputra Beach Resort, said Radit, are still dominated by investors from Jakarta and Surabaya, around 75 percent, the rest are local buyers and from other provinces.

“Based on our monitoring, the demand for people living in Bali is increasing, especially those over the age of 30 who tend to think about investing in Bali,” he said.

Raditya explained that the Covid-19 pandemic has changed the work culture of the community, most of whom work from home or work from home (WFH). Correspondingly, young executives and entrepreneurs are inspired to take control of their work from Bali.

He continued, “Currently Bali is the main destination of choice for people working remotely. This means a work style that allows professionals to work outside of an office environment. Current work trends lead millennials to choose an office with flexibility that allows them to work remotely.

He said that even though there were fewer visitors from abroad, the domestic market’s interest in Bali was still very high.

Furthermore, the development of infrastructure, especially toll roads, also makes property in Bali more attractive. For example, Ciputra Beach Resort is benefiting from the development of the Gilimanuk–Mengwi toll road. The plan is for the toll road construction to begin in June 2022 and is targeted to be completed in 2024.

For information, Ciputra Beach Resort was developed on an 80 hectare land with a coastline of 1.7 kilometers so that it has a charming view and is also surrounded by Balinese scenery, terraced rice fields.