The Return of Visa on Arrival
On Friday the 25th of February, it was announced that the ‘Visa on Arrival’ policy will soon resume.
As the name suggests, international arrivals can receive a visa once on the ground in Indonesia, and after paying a nominal fee of US$35. With this Visa, visitors are able to stay in Bali for 30 days with the possibility to extend for another 30 days.
The VoA has been put on hold since March 2021. Previously, it was one of the most popular entry methods for international visitors. Currently, international visitors can only gain entry into the country through a B211A Visa which requires a lengthy and costly application and administration process but allows a stay of up to 6 months.
While no set date has yet been fixed, the announcement made during a recent visit to Bali by Luhut B Pandjaitan, the Minister for Maritime Affairs and Investment, is welcomed by those eager to visit the island and those considering an opportune moment to make a Bali property investment.
Quarantine-free Travel
Starting March 14th, Bali will test a zero quarantine policy for fully vaccinated international visitors.
Only one month previously, the Central Indonesian Government announced lifting restrictions on banned countries, lowering quarantine periods down to 5 days, and implementing a quarantine bubble for those flying direct to Bali.
The rapid loosening of restrictions for those entering Bali signals policymakers’ readiness to entirely open borders and welcome back international visitors with free-entry visas and zero quarantine.
Bali has one of the highest vaccination rates in Indonesia and across South East Asia. As of the 16th of February, 78% of the local population is fully vaccinated with a strong roll-out of booster shots.
Local authorities will continue to monitor Covid-19 levels and implement health restrictions on those visiting, including mandatory PCR tests on arrival and after three days.
Bali Property Investment
According to statistic provided by Bali Government Toursim Office, the island has seen an increase in the number of International visitors between 2006 and 2019 of 497%. Between 2010 and 2019, the number of domestic visitors increased by 226%.
In 2019, Bali welcomed over 16 million total visitors — and in 2021, despite global travel restrictions, Bali was voted the number one destination by TripAdvisor, beating out London, Rome, and Dubai.
Bali remains one of the top global leisure destinations worldwide and continues to be a solid choice for luxury property investment. Specific areas such as Berawa, Canggu has continued to grow in recent times due to a large and active ex-pat population and the strength of the domestic tourism industry. The area has seen many development projects and the opening of retail and F&B outlets in recent months, in anticipation of the influx of visitors once restrictions are lifted.
A recent CBRE report looking at the Bali Hotel Market in 2022 has described their optimism, saying:
“CBRE remains optimistic on the long-term outlook of Bali on the back of steady vaccination rollouts and continuous efforts from the government to navigate ways to safely re-open borders…
“The year-end [2021] increase in domestic visitors reflects the reality of pent-up demand of travellers and once borders are fully re-open to international travellers with lesser restrictions, we would expect international travellers to follow suit…
“Bali presents a great opportunity for savvy investors who can put aside the challenges of the past couple of years and filter through the available opportunities to unlock value.”
As Bali is on the cusp of being fully reopened to all international tourists, there has never been a better time to buy a luxury villa in Bali, and expand a portfolio with a high yielding Bali property investment.
As Bali’s leading property developer, Mirah Investment & Development is best positioned to serve your investment needs. Our expert team of highly regarded local and expatriate professionals are able to show you a selection of the best developments available and guide you through the entire purchasing process.
Secana Beachtown: The Ultimate Lifestyle Investment.
Secana Beachtown — Luxury Villa
Located beachfront on the most iconic beach of Bali, Secana Beachtown offers 32 loft-apartments and 58 luxury villas with three onsite restaurants, a rooftop pool & bar, a co-working space, a gym & spa.
Secana Beachtown is a great opportunity to make a Bali property investment. It offers entirely managed investment properties with flexible management programs to cater to your lifestyle needs, with high expected ROIs and strong capital appreciation.
Click here to check out Secana Beachtown’s latest construction update.
With limited units remaining contact us now to secure your unit today!