Bali has always been a magnet for property investors, both domestic and international. However, for years, investment activity has primarily concentrated in South Bali areas like Kuta, Seminyak, Canggu, and Uluwatu. Now, with the planned development of the North Bali International Airport, attention is shifting to the northern region of the Island of the Gods, especially Lovina and its surroundings.
The proposed North Bali International Airport, located in Kubutambahan District, Buleleng Regency, marks a turning point for the region's growth. According to a report from Bali Post on November 12, 2024, inter-sectoral feasibility studies for the project have been completed and are now awaiting a final decision from President Prabowo Subianto.
This airport is expected to not only improve access for travelers to the north but also act as a catalyst for economic and tourism development.
This airport is expected to not only improve access for travelers to the north but also act as a catalyst for economic and tourism development. The project is estimated to create over 200,000 new jobs and will incorporate eco-friendly technologies such as seawater desalination and renewable energy sources. The airport is targeted for completion by 2027.
Lovina is known for its calm beaches, early morning dolphin-watching attractions, and a much more relaxed atmosphere compared to the bustling southern areas. This region is an ideal alternative for tourists seeking tranquility and authentic Balinese culture.
From an investment perspective, Lovina offers land and property prices that are significantly more affordable than those in the south. This makes it highly attractive for investors aiming to enter the Bali market with more reasonable capital and promising capital gain as the region develops.
Some key advantages of investing in Lovina property include:
As accessibility improves, demand for accommodations in North Bali is projected to rise significantly. Early investors will benefit from increased occupancy rates and rising daily rental prices.
Private villas with complete amenities will be in high demand among European, Australian, and upper-class domestic tourists seeking a more exclusive and intimate stay. Additionally, the post-pandemic rise of remote work and staycations continues to fuel demand for mid-term rental properties in serene areas like Lovina.
Beyond purchasing vacant land for villa or resort development, investors can also explore guest house, homestay, or eco-lodge business models. These types of investments not only offer appealing returns but also contribute to inclusive and sustainable tourism development.
For those who prefer a hands-off approach, partnering with local villa operators or property management services can be a practical solution to generate passive income from their assets.
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In addition to the new airport, other infrastructure upgrades such as bypass roads and improvements in public services across Buleleng will further enhance the area's attractiveness. The local government is actively encouraging tourism-related investments by offering various incentives and streamlined permit processes.
This opportunity is also supported by global travel trends that favor less crowded, more natural destinations with authentic experiences. North Bali perfectly meets these evolving traveler preferences.
Investing in North Bali, especially in Lovina, is a strategic move that can yield optimal long-term results. With a combination of competitive property prices, the upcoming international airport project, and the region's authentic and natural appeal, North Bali stands on the verge of major transformation.
For savvy investors looking not only for financial gains but also to be part of a new regional development, now is the perfect time to consider entering the North Bali property market.
Anyaman is a holding company that provides solutions for the hospitality, hotel, villa & service apartment industry in the fields of Hotel Management, Information Systems & Technology and Business Development, which was founded in early 2024, in order to respond to the rapid development of tourism in general and hospitality in particular in Indonesia today
