Reasons Why Foreigners Are Interested in Property Investment in Bali

Commonly, they (foreigners) are starting to realize that the yield of property investment in Bali is better as land prices are getting more expensive. "So that previously foreigners only made Bali a destination for traveling, now they are being eyed as an investment destination", goverment said in one of national media.

Goverment

The government has relaxed property ownership rules for foreign nationals (WNA). The convenience includes WNA who already have a passport and visa not needing to use a permanent/limited residence permit card (Kitas/Kitab) to buy a house.

The Reasons

Foreigners can buy a house for a minimum price of IDR 5 billion in Bali with a building use rights (HGB) status that is valid for 30 years and can be extended twice, namely 20 years and 30 years. The third factor, Miel Property's opinion, the strong culture and friendliness of the Balinese people also encourage foreign interest in investing in Bali.

Legal

Opportunity

In the future, foreingers sees Bali's appeal as a property investment destination will grow stronger as the crypto community in Bali grows. "In the future, crypto could potentially become a means of payment for property purchases," added goverment in one of Indonesia media.

Investors

Seeing the strong appeal of Bali as a property investment location targeted by local and international investors, Miel Property as the developer did not wait long to carry out the construction of its iconic project. The construction process began with the ceremonial groundbreaking of the KYRA residence villa complex in July, 2024.

Miel Property International Founder and CEO, Otniel Lolo emphasized that the groundbreaking procession is a manifestation of the company's commitment to presenting quality property projects and timely delivery. "We do this in order to create and maintain customer satisfaction. For us, customer satisfaction is the main thing and everything," he said, after the groundbreaking ceremony.

The Project

This luxury villa area targets high-end buyers looking for a mix of luxury, sustainability, and proximity to Bali's lifestyle locations. Its location close to the GWK (Garuda Wisnu Kencana) statue tourist area is also an attraction in itself, as it allows every resident to access the beauty of natural scenery and cultural richness at the same time.

Buyers can also get a free villa management program by Miel Property, where this program offers investment benefits with an estimated ROI of +10% per year from villa rentals.