Skyrocketing Land Prices in Bali
Tuesday, May 21, 2013
Price increases for land and property in Bali have been extraordinary over the past two years. Many foreign investors are opting for underhanded methods.
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Bali has changed in form over the past decade. Many of the island's vast rice fields have been turned into glass-fronted stores, restaurants and starred hotels. What agricultural land remains around Jalan Sunset Road, which connects the Ngurah Rai Bypass with Korobokan, has been targeted by investors. Each year, the price of land here jumps by more than 100 percent.
Last year, the price of land in the area was around Rp1.7 billion per are. An are m
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