Kura Kura Bali Special Economic Zone (SEZ), which was inaugurated through Government Regulation No. 23 of 2023, is now ready to operate.
The readiness to operate aims to ensure that the Kura Kura Bali SEZ is ready for potential investment. The criteria that constitute such operational readiness include the readiness of facilities and infrastructure, the readiness of human resources, and the readiness of administrative control equipment.
The majority of the basic infrastructure has been prepared, starting from roads, electricity, installation of clean water networks, wastewater systems, drainage, gates, and area boundaries to telecommunications networks.
To boot, Kura Kura Bali SEZ has made available waste area facilities, fire extinguishers, and security facilities. Furthermore, the Administrator’s Office and Management Office have been completed and placed at the SEZ entrance.
“Based on the report submitted by PT. Bali Turtle Island Development (BTID) as the business entity that develops and manages the Kura Kura Bali SEZ, the Secretariat General of the SEZ National Council has verified the operational readiness of the area with the conclusion that, in general, the area is ready to operate because the infrastructure and facilities are already available,” Rizal Edwin Manangsang, Acting Secretary General of the KEK National Council, told the press during the Kura Kura Bali SEZ Operational Readiness Evaluation Meeting, which was held at the UID Bali Campus Building on the 27th of March, 2024.
In addition, within the Kura Kura Bali SEZ, several projects will be built, such as Grand Outlet Bali and ACS Bali. The latter, a school, will begin fully operating the following year, though the trial class will be held in August 2024 with only three classes.
“Regarding the readiness to operate Kura Kura Bali SEZ, several projects that we will build in the near future are Grand Outlet Bali which is a joint venture with Mitsubishi, as well as ACS Bali which covers education from pre-school to high school,” Tuti Hadiputranto, the Director of PT Bali Turtle Island Development, added.
Of the 498 hectares of land available, 491.9 hectares of land belong to BTID. Sixty percent of the land is ready to be built, with 9.74 percent of it being used for infrastructure and development by business actors. The construction of regional roads is prioritised for pedestrians and cyclists, which currently has 58 percent built along eight kilometres of the overall planned main road network of 13.6 kilometres.
The electricity network has also covered 60 percent of the area, complemented by a telecommunications network using fibre optic that spans eight kilometres long. The latter network is set to cover the north side of the island.
The Kura Kura Bali Special Economic Zone is a development initiative that aims to encourage economic growth in Bali, Indonesia. It focuses on developing the tourism sector, especially in the northern area of Bali Island. This is designed to attract investment from both within and outside the country. To support the operationalisation and development of SEZs on the island of Bali, President Joko Widodo has previously issued Presidential Decree Number 6 of 2023 concerning the Bali Province SEZ Regional Council.
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.
Schedule Your Personalized Viewing Today.
Contact us today to schedule a personalized viewing.
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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