Apartments for sale in Changgu
Buying an apartment in Changgu for investment and living is a great way to make a secure investment in a promising region of Indonesia. Changgu is a popular youth resort on the island of Bali. It is one of the most attractive places to buy property in Indonesia, both for renting out and for living. The resort village is perfect for people who adopt a healthy lifestyle and are fond of surfing and yoga. There are plenty of vegetarian restaurants, cafes, and trendy beach clubs, as well as frequent social events with live music and dancing.
Those wishing to buy flats in Changgu can choose among different options. There are both small studios and luxury two-level apartments with contemporary design and quality finishing. There is a wide range of under-construction projects in the city. Developers offer to invest in off-plan flats in Changgu with the possibility of interest-free instalments. Many modern projects also provide ready-made options for rental businesses. An investor can purchase a flat that is fully finished, furnished, and has all the necessary appliances. The property will be located in a residential complex where all modern amenities are available, and hotel services are provided. You can rent out such accommodations to tourists on a daily basis and earn a good profit of 10% to 20% per annum.
The Indonesian government has embarked on a plan to attract foreign investors. The property market has not become an exception. While in the past foreigners could only buy houses and apartments in Indonesia with the right of long-term ownership, now in special areas (free economic and industrial zones), it is possible to buy housing in private ownership. However, many apartments in Changgu are still sold to foreigners and locals with long-term ownership rights, which are granted for a period of 20 to 45 years and can be renewed several times. In both cases, the value of the property must be at least a set amount. For example, for flats on the island of Bali, it is $131,000.
Apartments prices in Changgu
On the island of Bali, new complexes are being actively built so buyers can find not only finished housing on the secondary market but also a large selection of new buildings. The cost of apartments in Changgu is higher than the average in Indonesia. This is due to the high demand for local property from foreign buyers and investors.
- Two-level studio of 48 m² will cost $135,000. The flat is located in a new residential complex in the centre of the village, near the beach.
- A residence under construction with an area of 75 m², one bedroom and one bathroom is being sold at a price of $189,000. The housing is located in a premium complex that will have a cafe, playground, car parking, barbecue areas, and other amenities.
- 520 m² guesthouse consisting of 9 studios and 2 large bedrooms with 16 beds is sold for $392,000. The cost per square metre of such a unit is only $750, while in the first two examples, the prices per square metre range from $2,500 to $2,800.
Investment apartments in Changgu
The island of Bali is one of the most popular investment destinations. More than half of the buyers of investment flats and villas in Indonesia choose this very island. Despite the fact that the cost of flats for sale in Changgu is higher than the average for the market, investors can get a good profit from renting out the property. The average annual income that an investor can get in the resort village varies from 10% to 15%. This is a very high rate for a stable real estate market. For comparison, in many developed European countries, the profitability of housing is about 3% per year.
Another option for a profitable investment is to buy an apartment in Changgu under construction for its subsequent sale. By the time the construction is completed, properties can increase in price by 25–30%.
Most of the good land plots in the city have already been built up. New developments rarely appear in the coastal areas, and therefore the price of flats in Changgu is gradually increasing, as the demand for rental properties among tourists here is high throughout the year.
Buying apartments in Changgu
The Bali real estate market offers a wide range of flats, villas, and ready-made guesthouses. Many of the under-construction developments will be of interest to investors who want to maximise resale income. Finished housing with quality repairs and full furnishings will suit those planning to move to Bali for permanent residence.
To find the property in the city that suits you best, use the convenient search system on our website. In one catalogue, we collected offers from individuals, development companies, and real estate agencies with prices, detailed descriptions, photos, and the contact information of the seller. With the help of the filters, you can easily select the necessary ads by price, type of housing, area, and number of bedrooms. You can view prices in different currencies to understand the market better. We constantly update information and cooperate with developers so our clients are among the first to learn about the newly appearing residential complexes under construction, where you can buy residences at an attractive price.