The rustic charm of villas set amongst green rice fields is becoming popular with tourists in Bali, Indonesia, despite their hefty prices.
According to media reports, a two-bedroom villa with rice paddy fields on one side and a lawn can go for at least IDR15 million (S$1,950) a month. Such prices are now common in certain areas on the island including Kerobokan, Canggu and Seminyak, where beaches are complemented with nearby farmland.
“Foreign tourists love the village feel here…It is near the beaches and not too far from the crowd centres. It’s like everything in one basket,” said architect Anak Agung Kris.
Banking on this strong demand, developers are building not only individual villas but also townhouse-like complexes with 10 to 25 units that go for at least IDR4 billion (S$503,628) each.
The Premium Club Residence in Canggu, for instance, comprises 18 villa units within a 7,200 sq m villa-townhouse complex. Keen interest in the project means there are only a few units left at the development.
“It’s a good investment. Tourists get a private swimming pool and pay a similar rate to that of a hotel,” said Rudy Syamsuddin, who also bought a villa recently. “Demand is high as villas are more attractive.”
As demand for such villas increase, land prices will also rise. This will benefit the farmers who are being paid triple the income from their land: rental fees from villa developers, monthly pay for farming as well as profits from the sale of the harvested crops.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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