Post COVID-19, Bali's annual visitor numbers increased, and with them, the demand for residential property. In June 2024, data on Bali's total property sector revenue from REID (Realinfo.id) reached USD 142 million or IDR 2.3 trillion (Kurs 16,878), representing a 33% increase compared to May 2024. Meanwhile, data from Bali's Statistics Indonesia (Badan Pusat Statistik-BPS) revealed that the number of foreign tourists in 2024 exceeded 6.3 million, marking a significant increase compared to pre-pandemic levels. By 2025, the Bali provincial government has set a target of 17 million tourist visits, including 6.5 million foreign tourists. Over the past five years, property prices in Bali have seen an average annual increase of 7%, with the Seminyak and Canggu areas experiencing a 10-15% annual growth. This ongoing growth indicates Bali as a highly prospective and promising property investment location.
The General Manager of NPG Indonesia, Evgeny Obolentsev, revealed that one of the important keys behind the rising trend of property in Bali is the quality of construction. NPG Indonesia is developing the Ecoverse project at Nyanyi Beach, Tabanan. This premium residential project, spanning 5,250 square metres, offers a blend of modern comfort and luxury, comprising 35 apartment units and 16 townhouse units. The development boasts amenities such as an Olympic-sized swimming pool, a well-equipped gym, a restaurant, and underground parking. The property is offered on a leasehold basis for 28 years, with an option to extend for a further 30 years.
