Second Bali Airport to Boost Lovina Beach Property Investment
Indonesian government confirmation of a second airport for the tourist island of Bali is expected to stimulate investment and increase property prices along the north coast of the tropical paradise island.
(PRWEB) December 22, 2009 — Construction of a second Bali airport, to be completed by 2011, is expected to particularly impact on beachfront property investment opportunities in the north Bali Lovina Beach area with its beautiful tourist attractions and relaxing lifestyle.
Bali’s Governor Made Mangku Pastika has confirmed that Bali will move ahead with plans to build a second airport near its northern shore and the plans have been endorsed by both the Vice President and the Minister of Culture and Tourism.
Beachfront property prices for foreigners are currently low compared to other parts of Bali, already prompting many overseas investors to purchase villas and apartments in Lovina and the second airport plans are expected to stimulate property values in the mid term.
Northern Bali is home to a number of popular tourist destinations, such as Lovina beach, Singaraja, and the twin lakes in Bedugul in Gianyar. At Lovina, pastimes such as eco-tourism, dolphin watching, snorkelling, scuba diving, visiting hot springs, picturesque waterfalls, temples and historic heritage sites are already attracting increasing numbers of tourists.
Graham Stott, Project Director of the Lovina Beach Resort (www.lovinabeachresort.com) – one of the biggest developments in the area, on two hectares of land with 200 metres of beachfront and lush tropical gardens – said that whatever happened with the new airport, now was the time to invest because property prices could only increase.
“Lovina is less humid that the rest of Bali and tourists are flocking here in increasing numbers,” Stott said. “North Bali and Lovina’s distance from the south has kept land prices low and there are ample amounts of prime beachfront and hillside land on offer. When you add the new airport in North Bali to these considerable advantages you have an ideal investment environment.”
The Lovina Beach Resort, currently under construction, will be Lovina’s only five star absolute beachfront accommodation, and a range of accommodation is now available for investment purchase, at pre-release prices.
The Lovina Beach Resort, right on the beachfront, consists of 32 luxury apartments, 16 villas and two penthouses. A number of investors from around the world have already realised the Lovina Beach Resort opportunity which includes solid rental returns, potential capital appreciation and a fully serviced luxury lifestyle environment.
“For a limited time, pre-release prices are available for luxury Lovina Beach Resort apartments, starting from US$99,000 and investors who take advantage of these opportunities will certainly reap the benefits. Rental guarantees also apply. There are few places in the world where you can invest in five-star absolute beachfront property, with full flexibility to live in or rent, and the Lovina Beach Resort is one of them.”