What has the local property market been doing?
In the immediate vicinity around the resort land prices for bulk purchases have doubled in the last 6 months alone and an estimated 3x what they were 12 months ago. Admitedly theyve come from a low base but they still have a long way to go. The closest comparable land prices in Bali (Jimbarin bay hills) are at least 5x as expensive, with pricing starting at 70 usdm2, so a lot of room for upside. The number of transactions is steadily increasing also, but mostly on the wholesale level for landbanking purposes, as opposed to building villas or resorts.
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