As a content creator at Bukit Vista, I, Utami, am very excited to share insights from the Round Table Talk held on July 9, 2024. I got this story from Erica, our Business Development team. Each guest brings a unique perspective, highlighting the importance of reliable real estate data, quality management, and cultural preservation amidst Bali’s growth. The panel included Made Budiarta, owner of Pondok Utari and Pondok Wiguna; Ketut Adi, owner of Villa Marsalene; and Alec from REID. Joining us from Bukit Vista are Erica, Jing, Wayana, Bella, and Sarah.
Our Guests Stories
Alec: The Data Detective
Alec, originally from the US, noticed a major problem in Bali’s real estate market after moving from China: the lack of reliable real estate data. To address this, he created REID, a platform that gathers and analyzes real estate data, making the market more transparent and helping investors make smarter choices. This initiative is crucial because, unlike other markets where good data is readily available, Bali lacked a central hub for market information. REID fills this gap, making the market more efficient and attractive. With better real estate data, investors can make confident decisions, smooth transactions, and support the growth of Bali’s real estate sector.
Made: The Hospitality Hero
Made Budiarta, a local investor working with Bukit Vista for nearly a year, is finishing two new villas in Pecatu. He currently has Pondok Utari and plans to manage Pondok Wiguna. With almost 30 years in hospitality, Made understands the importance of quality and consistency in property management. His five-star villas reflect his commitment to excellence. Made’s success in the real estate market highlights the value of having experienced, dedicated people on your team. For new investors and developers, his approach offers a valuable lesson: focus on growth and exceptional service to ensure guests keep coming back.
Ketut: The Design Guru
Ketut Adi, an architect and contractor who runs RAW Design Studio and Scala Design, is currently building three villas in Lima Beach. To ensure top quality, he keeps his project list tight. Ketut’s dedication to quality and unique property design emphasizes the importance of careful planning and execution in real estate development. By focusing on a few projects at a time, he can give each one the attention it deserves, making the villas more valuable and enhancing the area’s beauty and cultural richness.
Data Driven Decision with Real Estate Data
At dinner, we discussed the crucial issue of insufficient data for investors. Without good data, it’s hard to determine the value of an investment. Alec’s REID platform addresses this by providing a central source for market trends, property values, and other key metrics. Reliable data is essential for making data-driven decisions, helping investors find opportunities, predict market movements, and make strategic choices based on facts. Without it, investing becomes a gamble. Alec’s REID initiative is a significant step toward making Bali’s investment landscape more secure.
Balancing Growth with Culture
We also discussed developing Bali responsibly, ensuring growth while preserving its unique culture. Unchecked development can threaten this heritage and cause environmental damage. Sustainable, culturally sensitive development is key, involving local architectural styles, eco-friendly materials, and collaboration with local communities to benefit residents and protect landmarks. Prioritizing sustainability and cultural preservation helps Bali thrive for both visitors and locals.
The Takeaway
This Round Table Talk dinner provided valuable insights into Bali’s real estate market. Alec’s REID platform brings essential data and transparency. Made Budiarta’s experience shows the importance of quality management in Bali property management. Ketut Adi’s focus on design highlights attention to detail and cultural sensitivity. Together, these approaches can drive balanced growth in Bali.
Join our next Round Table Talk to discuss and shape the future of Bali’s real estate market! Feel free to contact our Business Development team on WhatsApp to register for the next Round Table Talk.