Bali developers pitch double-digit yields as govt tightens property rules

Tourists walk near a lake on May 15 during a visit to Ulun Danu Beratan in Tabanan, Bali. The Ulun Danu Beratan management recorded that during the Ascension Day holiday period, visitor numbers reached about 2,200 per day, an increase from the usual daily average of 600 to 800 visitors. - Photo: Antara

JAKARTA: Foreign investors are pouring money into Bali property on promises of double-digit returns even as authorities tighten scrutiny on rentals and foreign ownership structures that have long underpinned the real estate boom.

Developers across the Island are increasingly marketing investment yields of as much as 17 per cent, betting that strong tourism demand, remote work and an influx of wealthy foreigners could sustain returns despite a broader slowdown in the country’s overall property market.