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Beach Front Land North of Canggu is in High
Demand.
July 2008
Large pieces of real estate north
of Canggu, on a long stretch of unspoilt beach that runs
for about seven kilometres between the ancient and holy
sea temple of Tanah Lot up to Soka beach, are selling
fast.
The long stretch of
land from Canggu up to Soka has miles of unspoilt beaches,
dotted with small headlands, estuaries and river mouths.
Rice padis and coconut palms fill the countryside and
provide an idyllic and unspoiled setting with limitless
views of the ocean and the mountains of the island’s
interior.
Demand for land is increasing, with many luxury villas
built or in the planning, pushing the prices up in line
with the rest of Bali’s choicest areas. In 2005, 100 are
of land sold for around US$2000 per are and recently, in
December 2007, 32 are sold for around US$6,500, and 60 are
sold in February 2008 for $US5,500 per are.
For the following descriptions of developments taking
place in the area, please consult the map on the Exotiq
website: Between Pasut and the Yemata estuary, the entire
coast is dotted with million dollar villas and it is
starting to look like the Bukit’s south coast. At Waka
Ganga on the Yehanggu estuary, Spanish investors are
building a 20-villa resort, and at Klatang beach, Alila
Resorts are building several private villas on 8-12 are of
land for around the US$1.5 million mark and are close to
selling out, if they haven’t already. The owners of the
famous Ku De Ta nightspot are also spreading their real
estate dealings in Beraban Pasut with the ‘Out of Town
Villas’ being built on one hectare of absolute beachfront.
Access to the area is limited but road improvements
including two recently built bridges have shaved
significant time off a trip that used to pass through the
city of Tabanan. When the long awaited Sunset Road
extension is completed, and it will be, access to this
area will easy, making the area a very attractive
location.
The entire stretch of land is located in Tabanan regency,
and is the rice bowl of Bali, and understandably there is
a lot of concern about having enough land to keep pace
with Bali’s demand for rice. Sources suggest that 60% of
the land in the main beachfront areas is foreign owned,
but development is being regulated to ensure that it
doesn’t lose its ability to provide food.
Investors here have a strong interest in retaining the
aesthetic of the landscape and ensuring it doesn’t become
an overcrowded tourist town. One buyer who owns land near
Cimagi, is setting a great example by only using 15 are of
their full 59 are of land for building, leaving 45 are
under cultivation, which not only retains the visual
beauty of the land but allows the local farmers to keep
producing rice and feeding the people of Bali.
1 are = 100 square metres.
For more information contact Michael Pugh at
mpugh@exotiqrealestate.com
Written by Michael Travers
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