INFO NASIONAL – The Covid-19 pandemic hit Indonesia in early 2020 and created uncertainty in various sectors, ranging from social, political, to economic. This condition also has a major impact on the province of Bali, which is one of the spearheads of Indonesian tourism and the mainstay of the country’s economy, especially from foreign and domestic tourist visits.
However, data from the Bank Indonesia Bali Representative Office shows that Domestic Investment (PMDN) during 2020 reached IDR 5,432.7 billion and Foreign Investment (PMA) reached a value of 293.3 million US dollars. This indicates that Bali is still attractive to investors who are still optimistic about the development of the Covid-19 pandemic situation in Bali.
Other data comes from the international research institute Knight Frank Global which notes that the super-rich in the Ultra High Net Worth Individual (UHNWI) category in Indonesia jumped by 67 percent in the 2020-2025 period. Interestingly, 25-28 percent of their funds are invested in the property sector. Based on this data series, even though it is still in a pandemic situation, the property sector in Bali is still attractive to investors because it is considered to have a positive trend.
The economic recovery in the property sector in Bali has been strengthened by the reopening of the Bali airport for local tourists since August 2020. This has caused the residential occupancy rate in Bali to slowly begin to increase again. In addition, the Indonesian government through the Ministry of Tourism and Creative Economy (Kemenparekraf) is finalizing a plan to open Bali tourism for foreign tourists (tourists) in June or July 2021.
Regarding various efforts to restore the economy in Bali, villa property in Bali is one of the promising investments and has strategic value during the pandemic. The return of investment (ROI) for villa investment in Bali is at least 10 percent because the average occupancy is 70 percent per year.
Maybe in the past Bali was better known for its popular tourist destinations for domestic and foreign travelers. But now, the Island of the Gods is starting to be seen as a potential area for those who want to enter the world of property investment, especially in the form of villas.
Interestingly, even potential areas are now not only centered in famous areas such as Kuta, Seminyak or Ubud. The emergence of many new tourist destinations has also contributed to the emergence of new areas that are predicted to develop rapidly over the next few years, such as Villas in the Canggu area.
Canggu is known as an area inhabited by expatriates from various countries. Thus, no wonder, public facilities are also fairly complete and easy to reach. Everything is available, from modern and traditional markets, hospitals, to international standard schools.
Property industry investors in Bali assure that after the Covid-19 pandemic crisis has passed, the villa investment market in Bali has the potential to experience a “market boom”. Well, now is the best opportunity to invest in a villa in Bali.
Investors will be in a strategic position to resell the property at a rate of multiples of profit when the economy improves in the future. Moreover, various online booking sites and a number of tour and travel platforms place Bali as one of the most desirable locations to visit or stay after the pandemic.
There is no doubt, Villa in Bali is a promising long-term investment during the pandemic. Property purchased as an investment in popular areas such as Canggu or Seminyak can provide a very attractive long-term return on investment. So, now is the right time to invest in the property sector in preparation for the surge in the property market after the upcoming pandemic.
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