Bali Land Prices Up 400 % per year

The price of land in Bali was mentioned more expensive than the price of land in Jakarta . Not surprisingly , the price of land on the island is up to 400 percent per year. Instead , President Director of PT Budi Sedana Propertindo , Wayan Budiana said if the price of land in Bali is not using the annual calculation . " Changes in land prices in Bali is not a matter of months , yearly , but the minute , " he said in Padang . So , if calculated , the price of land in Bali can be increased up to 400 percent per year. Locations with the price of land is located in the tourist areas such as Seminyak and Kuta . " The price could reach Rp20 million per square meter ( m2 ) , " he added . As for who owns the land , he added , mostly from outside Bali , Jakarta, for example . Residents of the capital have recorded a lot of the land in Bali . Meanwhile , there are also land owned by foreigners . Noted residents of Singapore , Malaysia and Hong Kong that have land in Bali . " But usually they ( foreigners ) have the land on behalf of local residents , " he said again . No wonder , he added , many investors are interested to invest in Bali . Particularly investment in land . According to him , the demand is very high , making the price of land in Bali soared very quickly . Meanwhile , what about the soils as a rural area on the outskirts ? According to him , due to low demand , making the price of land in the region has not experienced a significant surge . Even so , at this time the region has begun ogled because many foreigners are interested to enjoy the rural atmosphere in Bali . " The price of land on the outskirts of villages like this when the average was approximately Rp 1 , 8 million per m2 , " he said