White sandy beaches, turquoise waters, an eclectic crowd, sumptuous cuisine – when it comes to describing Bali, it’s easy to run out of adjectives. The place has long been a playground for the rich and the not-so-rich, attracting a mix of the up-market Indonesian crowd, backpackers and expats. Lined with sleek bars, luxury villas, clubs, designer shops, restaurants, spas and more, you can find Bali on almost every traveler’s bucket list and has in recent times, sparked frenzy across the property investment space. Seminyak and Petitenget, in particular, have risen to prominence, shedding their image of sleepy quaint towns into bustling, vibrant and the most happening parts of Bali.
So, What Is It That Makes Seminyak And Petitenget So Special?
Location is king, and Seminyak and Petitenget have got that right! A hub of activity and the center of all things Balinese, everything is close by from these areas; you can hit the beach to unwind or surf, you’ve got easy access to schools, hospitals, and transportation, you can pick the choicest of restaurants, shop at the trendiest of stores, get pampered at its countless spas or live the luxury life in its elite villas. The possibilities are limitless, the vibe indescribable, the experience pure bliss – they’re the perfect examples of a utopia, places where luxury meets opportunity. Undeniably, the allure of Seminyak and Petitenget is so strong, that of late, there has been a spike in the number of investors, both local and foreign, who’re looking for a slice of its lucrative property market share.
Why The Sudden Buzz Around Its Real Estate?
Bali has long been infamous for its luxury properties, villas and its array of opportunities, but of late, investor interest has been quite focused on two particular regions – Seminyak and Petitenget – areas that are proving popular as tourist magnets and experiencing a spurt of growth across the luxury property space. Leasehold investments are booming, privately run villas seem to be filling up almost with no marketing efforts, and hotels, rooms and homestays are drawing a year-round 80% occupancy on an average. The upward trajectory of growth shows no signs of slowing down, but this growth comes at a cost.
Owing to the rising popularity of these areas for property investments and leaseholds, prices seem to leaning towards the ‘expensive’ and are steadily increasing. Freehold land across main roads are transacting at steep rates of around IDR 3 billion per are. Leasehold land ranges anywhere between IDR 12 – 25 million per are per year. As expensive as these price ranges may seem the good news, for all those looking to rake in the moolah by investing in the blossoming real estate space in these regions or for those drawn to it for the enigmatic lifestyle, is that – now’s the right time to buy/lease a property. The buzz surrounding the real estate space here isn’t about to die down anytime soon, so if you’re looking for a good ROI, then choosing either Seminyak or Petitenget to pour in your investments is a decision you won’t regret.
To scout for properties in these regions, browse through the listings at Exotiq Property!