Inside the real estate gold rush carving up Bali

Bali News

Inside the real estate gold rush carving up Bali
Real EstateOverdevelopmentTourism
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A new wave of construction is sweeping Bali, carving up rice fields and prime beachfront land for 'Insta-grammable' villas, resorts and massive tourism projects.

'Insta-grammable' villas, utopian resorts and tourism mega projects are catering to a new breed of foreign arrival.

"Kelingking Beach is beautiful the way it is, and for some people, enjoying it means they have to put some effort in to hike down to see the beauty at the bottom," she says, conceding it is too difficult for her to trek down."It will mean more income for our local government, more job opportunities for us and they'll be able to build more infrastructure here," says I Putu Gunasta, a vendor running a small shop just metres away from construction workers.

Indonesia's tourism minister Santiago Uno this year vowed to make Bali "the world's first choice" for tourism, and exceeding six million foreign visitors is the goal. The newest complex spans 4,000 square metres next to rice fields, and will feature 89 units with private pools and a rooftop sauna.Slick Instagram videos – some in English, some in Russian – promote modern, fully furnished serviced apartments to overseas investors, who can snap one up for as little as $US200,000 .

And he says social activists seeking to the put the brakes on more tourism development struggle to be heard. Groups of tourists on bicycles regularly peddle through the paddies, helping the farmers make some extra income. The spread of villas and beach clubs then continued to Canggu, with increasing traffic congestion following.Since 2021, a Russian tech and education investor Sergey Solonin has been transforming close to 50 hectares of beachfront land at Nyanyi into what's dubbed a "creative city".

"Bali is the best place to live in the world, I chose it from 23 different destinations, so I wanted to try and build something special here, a city for creative communities."

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Real Estate Overdevelopment Tourism Villas Nusa Penida Nusa Penida Elevator Nusa Penida Lift Sergey Solonin Kelingking Beach Canggu Ubud Kuta Beach Nuanu

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