Bali property investment is booming despite the sharp fall on tourist arrivals after the 1 October, 2005 bombings.

“Many of our clients have a strong affinity for Bali and there are some fantastic projects available on the market at discounts,”Regional Director International Properties, Colliers International’s Hong Kong office, Ginn Lai said.

Mr Lai expected Bali properties to be a top choice for investors in 2006. 

“We also did not see the Rupiah weakening immediately after the October attacks which shows the confidence the international markets have in our economy,” ABN Amro’s Relationship Manager – Private Banking, Ayu Yan Satriasih said.

Director of Pt. Hanno Bali and C151 resorts, one of Bali’s major developers companies, Hanno Soth said some of the big construction deals would have a positive impact on the Bali economy.

The private sector, local communities, and the police are working together to improve security measures in Bali, commented Vice Mayor of Bali, Dr. I Ketut Sudikerta

“With new security protocols in place, Bali will be safer than most popular tourist destinations which have not been forced to take implement such security measures,” Dr Sudikerta said.