Areas of Bali vary significantly in terms of climate, infrastructure, and atmosphere, making the question of “Where to live in Bali?” essential for those considering a move to the island and real estate investments.
Bali’s infrastructure continues to develop rapidly, offering more leisure options for visitors. Thanks to government and foreign investments, Sanur, a tranquil coastal area in the southeast of the island, is quickly becoming a strategic hub for Bali’s development and one of the most promising tourist destinations.
Sanur, one of Bali’s oldest resort areas, has a unique atmosphere and character. It’s green, peaceful, and spacious, making it a preferred choice for those seeking a quiet retreat away from the hustle and bustle. Sanur’s coastline features picturesque lagoons protected by coral reefs, ensuring calm waters and great swimming conditions. Additionally, Sanur boasts Bali’s only 5.5-kilometer-long pedestrian waterfront, ideal for leisurely walks, bike rentals, and dining at charming ocean-view restaurants.
Sanur’s convenient location provides easy access to the airport and Bali’s renowned landmarks. The port in Sanur is your gateway to the popular neighboring islands of Nusa Penida and Nusa Lembongan, known for their breathtaking scenery.
Sanur is on the cusp of a major transformation with the opening of significant developments that will significantly impact the area’s economic growth and attract more tourists.
Bali International Hospital
In 2024, a major medical center is scheduled to open in Sanur, supported by the prestigious USA Mayo Clinic and the Royal Melbourne Institute of Technology International University (R.M.I.T. International University). The clinic will span 44 hectares and will be the first medical institution in Indonesia to meet international standards. It will be equipped with cutting-edge technology, providing high-quality services and treatments across a wide range of medical fields, with the involvement of top global specialists. The Bali International Hospital is poised to become a new hub for international medical tourism.
Sanur Harbour is undergoing a substantial expansion, which will further boost tourism development in the region. The construction of modern docks will enable the introduction of new routes and expand the transportation options, accommodating more comfortable and premium vessels, including large ferries and cruise liners. The modernization of Sanur Harbor is set to bring Bali’s maritime tourism to a whole new level of quality.
In the near future, construction of a marina for superyachts, known as Diamond Sanur, will be completed. This marina is set to become a new luxury haven and a focal point for the privileged. Within the marina complex, there will also be a concert venue with a floating stage and an arena for hosting water sports championships.
Early in 2024, Sanur will welcome the opening of the unique retail and entertainment complex, ICON Mall. It will serve as the epicenter of cultural and culinary life on the island, thanks to its convenient coastal location and a vast array of shopping spaces and entertainment options for visitors. ICON Bali will offer fountains, pools, hanging gardens, a butterfly park, children’s playgrounds, a cinema, stores from top global brands, and much more.
The construction of these major, globally renowned tourist attractions is part of Indonesia’s comprehensive national plan to boost tourism in Bali. According to expert forecasts, this development will increase the annual tourist influx by 1.5 million people. Sanur, in particular, is poised to become one of the primary hubs attracting travelers from around the world, subsequently driving demand for high-quality accommodations in the area.
What’s the current real estate market situation in Sanur?
Sanur, one of Bali’s most densely populated areas, is already 99% developed. Most of the coastal area in Sanur belongs to hotels, beach clubs, or private complexes, and there are no available land plots left on the first shoreline.
According to market experts, the world-class infrastructure and the scarcity of available land will drive significant demand for both investment and residential properties in the area. This is expected to have a substantial impact on property prices in the coming years.
Currently, property prices in the secondary market in Sanur start at $3,000 per square meter. There are few options available, typically small private villas, and very few new projects. The only ongoing development we could find is Magnum Residence Sanur, a premium apartment complex by Magnum Estate.
This complex is situated on the first shoreline of Sanur, within walking distance of all key tourist attractions and adjacent to ICON Mall. It will have direct beach access and on-site amenities. The apartments at Magnum Residence Sanur will offer all the luxuries of life, including designer interiors, panoramic ocean-view windows, and private balconies with jacuzzis. The construction of the complex is expected to be completed in 2024.
Bali is now presenting significant opportunities on the global real estate market. After the pandemic, Indonesia’s government aims to double the tourist influx in the next few years and transform the island into a hub for international tourism in Southeast Asia.
In November of the previous year, Bali hosted the G20 Summit, during which the construction of globally significant projects was announced, including the Formula-1 circuit and Paramount Pictures amusement park. It also involves hosting international-level sports competitions, such as the World Beach Games with the support of the Olympic Committee. Demand for quality housing in Bali is on the rise, and land prices have already increased by 30-90%, depending on the location, since the summit, and continue to rise.
Whether you’re considering Bali for living or for investments, it’s undoubtedly a new hotspot for international tourism. Bali continues to set popularity records among travelers and expats, and the development of globally significant projects, combined with limited land availability, places it among the top destinations in terms of investment attractiveness.
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