Sunday, 09 Jun 20242:45 PM MYT
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A Jakarta light rail transit (LRT) attendant stands inside a train at Velodrome Station in Rawamangun, East Jakarta, ready to welcome passengers after the rail service reopened with a limited capacity of 30 passengers per car. - The Jakarta Post File
JAKARTA: The Transportation Ministry has revealed that the early stage of Bali’s first underground light rail transit (LRT) project, dubbed Phase 1A, is expected to cost an estimated US$876 million.
Railway Traffic and Transportation Director Arif Anwar said Phase 1A would involve constructing a 6.04-kilometer track from I Gusti Ngurah Rai International Airport in Denpasar to Jl. Sunset Road in Kuta, Badung regency, as well as five stations.
Arif explained that building an underground LRT was decided, considering that most areas along the planned route were densely populated and could give rise to several hurdles it was built overground.
“Land acquisition was also a consideration [...],” Arif said on Thursday (June 6), as quoted by Bisnis.com.
Residents and tourists have faced congestion for years in the island province, with one of the worst snarls occurring recently during the year-end holidays in 2023, particularly on roads leading to the airport.
The government has blamed the condition on narrow roads and motorists parking illegally on them, combined with the high volume of vehicles.
Bali also lacks a comprehensive public transportation network, with services patchy in some areas and slow in others.
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Only around 30 percent of people in the province used public transportation regularly, Detik.com reported last November.
Arif said the LRT’s construction would depend on the readiness of the Bali administration’s plans, as well as the project’s tenders.
Besides securing funding, much paperwork was needed to kick-start the project, in particular its basic engineering design (BED) and detailed engineering design (DED), environmental impact analysis (Amdal) and land acquisition and resettlement action plan (LARAP), he added.
The Bali LRT is part of the larger Bali Urban Railway project, which aims to improve public transit on the island.
The Bali Urban Railway is tendered on a business-to-business (B2B) basis, and is set for expansion by extending the Bali LRT or by introducing other transit services.
The Bali administration is in charge of the development project, which is part of the region’s rail network.
"We from the central government provide technical assistance during the planning process. Then, if the Bali governor makes a proposal for this LRT, the route must also receive a recommendation from the Transportation Ministry before it is approved by the Bali governor," Arif said.
PT Sarana Bali Dwipa Jaya (SBDJ), which has been appointed by the Bali administration to manage the Bali Urban Railway development project, said it could cost as much as $20 billion, citing a rough estimate from one investor that has submitted a tender proposal.
SBDJ president director Ari Askhara, a former CEO of flag carrier Garuda Indonesia, said on Thursday that the estimate also included a transit-oriented development (TOD) along the rail network, Bisnis.com reported.
To date, three consortiums have expressed interest in the project and submitted a request for qualification (RFQ).
Among them are PT Bumi Indah Prima, which has partnered with a Chinese company, France’s RATP Group and Germany’s Siemens Group. - The Jakarta Post/ANN
You can earn huge profits from Bali's Current Hottest Real Estate Markets
"Bali is Hawaii 30 years ago"
Six months ago Lawrence predicted 2024 would be the most explosive year yet for 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 a 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:
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 Bali 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
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 were 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- 2022Keep up to date with the latest news and views on Bali and the world, all while reveling in their exceptional offering of the Best Bali Real Estate Blogs & Facebook Posts.
For more information on these exquisite properties, schedule an inspection, or request further information today by contacting us.
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