Land prices drop up to -28% amidst low season demand

During the first weeks of January 2024 a drop in average prices has been recorded in the areas of Cemagi and Seseh.

This consolidation is likely to be the result of a localised bubble bursting.

In 2022 and 2023 the ares of Cemagi and Seseh have been in great demand thus inducing land owners to increase prices substantially overtime.

• In Seseh, Land prices rose from 12,000,000 IDR per are/year for leasehold contracts up to 25,000,000 IDR are/year.
  In January 2024, prices for land in Seseh are recorded to be around 18 to 20,000,000 IDR per are/year (28% discount)
• In Cemagi, land prices increased from 13,000,000 IDR per are/year for leasehold contracts up to 18,000,000 IDR.
  In January 2024, prices for land in Cemagi are recorded to be around 15,000,000 per are/year (16% discount)

This could be a great opportunity to start investigating and look for undervalued opportunities around the area.

Land prices is Seseh - chart

‍

While we feel sorry for those who bought the top it' important to note that the mentioned above areas are still today a great ground to invest in Bali growth. See our Bali market data for more info.