From Social Expat -Ayu Rizka
18:00, 28 Mar 2024
The Ministry of Tourism aims to welcome 1.5 million Chinese tourists to Bali in 2024. From 2023 data, it is projected that 707,000 Chinese tourists will visit Bali. To facilitate this goal, Ngurah Rai Airport has partnered with 13 airlines to offer direct routes from China to Indonesia.
Director of Regional Tourism Marketing I at the Ministry of Tourism and Creative Economy, Wisnu Sindhutrisno, disclosed that the current seat capacity amounts to 1.1 million. Additionally, he noted that Chinese tourists typically stay in Bali for 5-7 days, with 65% of visitors falling within the millennial demographic, while the remainder comprises individuals over 40 years old.
Not only Indonesia, but several other tourist destinations in Southeast Asia, such as Thailand and Vietnam, are also aiming for a significant influx of Chinese tourists in 2023. Thailand welcomed 3.5 million tourists, while Vietnam saw 1.7 million visitors.
In 2024, Thailand is setting its sights even higher, targeting 8 million Chinese tourists, and plans to introduce visa exemptions for tourists from China. The Ministry of Tourism and Creative Economy observes a new travel trend among Chinese tourists, with 65% being young individuals who prefer longer tours and enjoy adventure, nature, and cultural activities.
“The Ministry of Tourism and Creative Economy prioritizes equality,” stated Wisnu Sindhutrisno, Director of Regional Tourism Marketing I at the Ministry of Tourism and Creative Economy. “That’s why all promotional initiatives targeting China this year include highlighting tourist villages, homestays, and community-centric destinations.”
In addition to these efforts, the ministry plans to participate in various exhibitions such as the Macau International Travel Expo, conduct marketing missions in China, organize familiarization trips for the Chinese market, and foster partnerships with tour operators and travel agents.
A Coming Wave: Chinese Tourism and Real Estate in Bali
This above article about the surge in Chinese tourists to Bali brings back a vivid memory.
"Chinese tourists would soon become the number one source of visitors to Bali".
My fellow hoteliers scoffed. "Crazy!" they said. Back then, China wasn't even close – they ranked a lowly 18th.
Fast forward five years. Lo and behold, the Chinese tourism market exploded, surpassing Australians to become the dominant force in Bali for one year. Then came the pandemic, disrupting everything.
But here's the thing: China is just a 4.5-6 hour flight away. And as of today. it only cost a little under $500. USD. a huge savings over flying to Europe, which would cost a minimum $1500.
Bali, consistently ranked among the world's top travel destinations (Tripadvisor #1 or #2 globally, #1 in Asia by some sources), is perfectly positioned to capitalize.
"China is highly likely to reclaim the top spot for tourist arrivals in Bali."
And that's not all. Alongside the tourist influx, expect a surge in Chinese real estate investment. Australia, with its growing anti-foreign sentiment, is no longer as welcoming.
While predictions are never foolproof, I have a proven track record in anticipating real estate trends. W
Bali's Current Hottest Real Estate Markets
"Bali is Hawaii 30 years ago"
Three months ago Lawrence predicted 2024 would be the most explosive year yet for the Bali's real estate market, especially on its popular East Coast in or near the first Resort Area in Bali, Sanur .
"2024 the most explosive year yet"
"Sanur not Snore Anymore"
According to Wikipedia. Sanur pronounced sah-noor) is a coastal stretch of beach east of Denpasar in southeast Bali (about a 30-minute drive from Ngurah Rai International Airport)For the 26 years he lived in Sanur it was called "Snore" because it attracted Seniors and Baby Boomers to quiet lifestyle, famous beach and inexpensive cost of living.
Recently Bali has been showered with accolades in 2023 ,& 2024 snagging titles like "Second Best Destination in the World,"
This translates to one thing, a tourism boom, and with it, a surge in rental income.
Remember his saying, "Bali real estate demand is directly proportional to tourist demand".
"Bali real estate demand is directly proportional to tourist demand"
The fuel for Sanur's coming Real Estate firestorm: 2,000 to 3,000 New Employees:
The massive Bali International Hospital is set to open its doors, bringing with it a wave of medical professionals and support staff seeking comfortable digs.Where will Doctors, Medical Technicians, and Support Staff Live?
5 - Star Hotel 1,000 Staff ?
The swanky new Meru hotel will need a place for its team to call home, injecting further demand into the market.New Icon Mall - 300 to 500 Employees:
Talk about a lucrative demographic!
So, where will all these new residents live? Sanur and its suburbs, of course.
Here are Lawrence's predictions on the three most sought-after areas of the East Coast, perhaps all of Bali in the next 12 -24 months.
#1 Area With Most Demand
This is due to the growing popularity of the area as a tourist destination and the increasing number of businesses and medical facilities moving in.
No Room at the Inn:
Just as Mary and Joesph found in Bethlehem just before Jesus was born recently there is no rooms in any of our inns.Unfortunately, there is not much available housing in these areas, as they are mostly commercial and hotels.
However, there are a few options for those who are looking to buy or lease a home in this sought-after location.
Bali Emerald Apartments:
They are perfect for those who are looking for a modern and stylish home in a great location.
PT. Bali Luxury Villas Start at $228,888.
For those who need more space, we also have a few award-winning Bali Luxury Villas available for sale.
They are perfect for those who are looking for a luxurious and spacious home in a quiet and peaceful location.
Bali Luxury Villas and Apartments are located within a short eight minute walking distance to Sanur's famous white sand beach.
They are also close to a variety of restaurants, shops, and bars.
If you are interested in buying a home in one of the most sought-after areas in Bali, we encourage you to contact them today.
They will be happy to help you find the perfect home for your needs.
#2 Area - Demand
While many eyes are on Sanur for the upcoming Bali International Hospital, savvy investors might find hidden gems close by.
This area, conveniently located within 1-10 kilometers of the hospital, offers several advantages:
Affordability: Escape the higher property prices of Sanur and capitalize on this area's lower costs.
High-Caliber Community:
Bali Paradise Beach Estates already boasts residents such as major Developers and Hotel owners plus, an A-listed couple, two doctors, and other successful individuals. This creates a desirable and dynamic community for future residents.
Beyond Borders, Beyond Expectations:
Remember: This area provides a unique opportunity to live well, invest wisely, and be part of a thriving community just steps away from the Bally International Hospital. Don't miss out on discovering this hidden gem beyond the borders of Sanur!
Brand New Luxury Retirement Villas:
# 3 Area Most Demand
Beyond the Bypass: Uncovering Renon & East Denpasar's Potential
While past development left some concerns – smaller plots, lower construction standards, and bumpy roads – change is afoot.
Infrastructure upgrades are on the horizon, promising a brighter future for the area.
But here's the real draw: prices here are significantly lower than the popular East Side, making it a prime location for savvy investors.
Envision it – owning a sprawling property, hundreds of square meters of opportunity! Build two or three stunning villas, keep one for yourself, and sell the others to recoup your investment, essentially securing your dream home for free.
Intrigued? We'd love to be your guides! Let us unveil hidden gems waiting to be unearthed in Renon & E Denpasar.
This area isn't just about a bargain; it's about embracing potential, about shaping your own Bali paradise.
Ready to ride the Bali East Coast wave?
So, pack your bags, your sense of adventure, and your investment savvy, because Sanur and its suburbs are about to become the real estate El Dorado of Bali.
Remember, this is just the beginning. We will keep you updated on all the sizzling developments in the East Coast real estate scene, so stay tuned for more insider tips and insights.
In the meantime, start browsing Best Bali Real Estate Listings – the future of Bali's real estate is bright, and Sanur is its shining star.
P.S. Don't forget to share this post with your fellow real estate enthusiasts! Let's spread the word about Sanur's golden future.
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For information or inspection in English contact the Baby Boomer, President, Lawrence by Telephone or WhatsApp at +628123814014.
For information or inspection in Bahasa Indonesia contact the President's Spouse, a Licensed Indonesian Notaris, Azizah at +62 811-3864-993
ABOUT US:
Together with her partner and spouse Lawrence who has 50 years of Real Estate Experience, 20 Years of which is in Bali they own and operate award-winning 20-year-old Pt. Bali Affordable Lifestyles International ( PT. B.A.L.I. ).
Indulge in the pinnacle of luxury and efficiency with this esteemed team of over 70 professional staff, proudly offering an array of services for Buying, Selling, Leasing, and Renting Asian Real Estate.
For an unprecedented ten years running, they have been awarded the Certificate of Excellence and the Hall of Fame Award from the esteemed TripAdvisor, cementing their place among the top 2% of hotels and villas listed worldwide.
With clients all over the globe singing their praises, they are indisputably one of Asia's most renowned travel and real estate investment experts.
TESTIMONIAL:
"Honesty and professionalism are everything when you're dealing with real estate but when you can also find the most knowledgeable people to advise you and help you with what you need, why go anywhere else...Hands down the best in Bali!"Bo B, UNITED STATES- 2022
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