INDONESIA - Bali’s new wave

Asia Property Report - June 2008

Long one of Asia’s top tourism destinations, Bali has in the last decade also become one of the region’s top two destinations for investing in resort property. Although still someway behind Phuket in volume of sales and the number of developments, the Indonesian island is catching up fast, helped along by a newly proactive government, both at local and national level, which is keen to develop the island’s appeal as a real estate investment destination for foreign buyers.
Bali is set to capitalise on Thailand’s current troubles, which post-coup have muddied the waters on foreign ownership of property and have slowed investment across the real estate sector.

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