In Bali Province, landed houses are the most sought-after type of property, comprising 70.4 percent of the total property demand, followed by land at approximately 16.7 percent, and shop-houses at 8 percent. Firman Pamungkas Putra, Associate Vice President of Marketing at 99 Group Indonesia, explains that Bali has a high demand for land compared to other areas like Medan and Makassar, due to the potential for developing residential and commercial properties on land that can be leased back or sold with usage rights.
In terms of age, the majority of property buyers in Bali are aged between 25-34 years (27.1 percent), followed by the 35-44 age group (23.1 percent), and the 45-54 age group (20.6 percent).
There are five most popular regions in Bali for property seekers, with Badung being the most favored at 48.2 percent popularity, followed by Denpasar at 29.9 percent, Gianyar at 13.1 percent, Tabanan at 4.7 percent, and Buleleng at 2.6 percent.
Firman explains that Badung, Denpasar, and Gianyar are popular tourist destinations for both domestic and international tourists, and are easily accessible from Ngurah Rai International Airport. These three regions are also equipped with public facilities and sufficient commercial development to cater to the needs and activities of tourists. Badung’s popularity as a tourist activity hub also offers a higher yield compared to other areas, reaching 4.9 percent.
This indicates an attractive potential for property investment, higher than other major cities, including the Jabodetabek area.
Bali Property, Property Demand, Property Investment