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Showing posts with the label Bali Property Market

Bali’s Traffic Woes Prompt New Infrastructure Projects

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Bali's leaders have announced that tourists should anticipate heavier traffic congestion starting in September, as construction on a newly approved underpass project begins. This crucial infrastructure will connect the Tohpati Intersection in Sanur to the Udayana University Intersection in Jimbaran, aiming to alleviate the island's chronic traffic issues. For years, traffic congestion, especially in Bali's southern regions, has been a significant concern for both residents and visitors . The constant influx of tourists during peak seasons exacerbates the problem, impacting local communities and businesses. To address these issues, local authorities have explored various short-term and long-term solutions. Causes of Traffic Congestion Muhammad Sofyan, Head of Technical Implementation Unit (UPT) P2LLAJ at the Bali Transportation Office, explained that the intersections in question suffer from severe traffic buildup due to the red light cycle time being insufficient fo

How to Identify the Best Realtor in Bali

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Did you know that Bali is leading Indonesia’s property market in foreign investment? According to Rumah123, in the first quarter of 2024, most foreign property searches focused on residential properties valued between IDR 1 billion and IDR 3 billion, representing 34.7 percent of the interest. Are you ready to find your ideal property in Bali but unsure where to start? Securing a reputable realtor should be your first priority. In-Depth Local Knowledge A superior realtor in Bali should have a deep understanding of the local market. They should know the various neighborhoods, from the vibrant Seminyak to the peaceful Ubud. This knowledge is crucial when seeking property in Bali. Extensive Network Find a realtor with a broad network of contacts, including property owners, developers, and legal professionals. Such connections can provide exclusive listings and stronger negotiation leverage, which is vital when exploring Bali’s real estate options. Clear Communication Effective commun

Bali Urban Rail Metro Line Set for Completion by 2028

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Bali is on track to see its new Urban Rail Metro Line completed by 2028 , a highly anticipated project that promises to transform the island’s transportation infrastructure. Over the next four years, significant efforts will be required to meet this ambitious timeline, with local leaders working diligently to ensure progress. According to I Wayan Adi Arnawa, the Badung Regional Secretary, the first phase of construction, which includes groundbreaking and foundation building, is scheduled to begin in September 2024. The metro line is projected to be operational by 2028, which is expected to enhance Bali’s property market appeal. Arnawa stated that the groundbreaking plans and objectives for the MRT Bali   have been established by the provincial, city, and district governments, in cooperation with PT Sarana Bali Dwipa Jaya. The project will be carried out in phases, with the initial stage targeted for completion within the next four years. One of the key benefits of this project, a