In Bali Increasingly Expensive Land Prices

Average land prices in various strategic locations in Bali in 2011 rose to 34 % . This increase was the highest in the last 10 years . The increase was due to the rise of the real estate business in the island , so that strategic land continues to be the target of developers . In the information released by the International property consultant Knight Frank , yesterday , mentioned usually increase in the average price of land per year ranges from 8 % -16 % . In coastal areas or areas with cliffs in Seminyak , Legian and surrounding areas such as , Petitenget and Batu Belig , the average price spikes can reach 50 % -87.5 % in the last year . The international property consultant call , based on general market information and depending on the location , shape , and size of the area , selling price of land in the coastal areas in these areas range from Rp 10 million to Rp 15 million per square meter . " Most of the plots of land offered by the rental tenure , and very difficult to find a property that is offered with the status of land ownership rights , " said Senior Associate Director of Knight Frank Indonesia Fakky Hidayat in the report . However , several parcels of land that has a strategic location , land status of the property , the shape and area of interest , especially in some locations in the Seminyak area , hargan rise very high reaching 175 % and 120 % in the past year . In Ubud , the cultural center of the region is located in the center of the mainland island , land prices rose an average of about 25 % . Meanwhile , a surge in the price of land in Jimbaran approximately 45 % to the price of land sold reached Rp 8 million per square meter . In the area of ​​Nusa Dua and Benoa dominated star hotels recorded price increases of about 23 % .