Price of a Dream
Monday, January 7th, 2008 by Sidarta WijayaOwning a piece of paradise, a piece of land in Bali where you can spend your holiday season and permanent annual income guarantee plus capital gain increase is a dream of many people; but the price of this dream, like the price of oil, has badly inflated in recent years.
“Own a piece of paradise” is the magic mantra of Bali property business, which enjoy its impressive growth amidst the slow recovery of tourism to regain its dominant position in the island of God. Take a look at the arid Bukit are in South Bali that is transformed from unwanted land to an area with most expensive land price in the island, not to mention at the beaches of Seminyak and Canggu area with rows of villas surrounding the greatly diminishing paddy field. More and more land is converted into villas, hotels and condominium despite the cry of many NGOs on the land ownership in Bali, which Balinese own less land than investors or foreigners; but with skyscraping price offered for a piece of paradise more and more Balinese sell or lease their land.











