Authorities in Badung Regency, Bali, have convened to explore the potential for creating tourist villages in the Canggu district. They note Canggu’s rapid tourism expansion over the past seven years and a desire to maintain the area’s cultural and scenic integrity.

Former Bali Governor Made Mangku Pastika has suggested officially designating Canggu’s Traditional Village as a tourism village to enhance its management. He believes this change would enable the village council to secure more resources to preserve its cultural and natural landscapes.

Pastika was accompanied by I Wayan Suarsana, Head of the Canggu Traditional Village, and Ni Kadek Dwi Indah Paramita, Director of the Baga Utsaha Padruwen Traditional Village. Pastika recognized the significant advantages brought by Canggu’s transformation into a key tourist destination, but he emphasized the need for further enhancements to ensure sustainability and improve the living conditions of local inhabitants.

According to Pastika, “The province owns significant assets. Proper management of these assets can considerably enrich the province. My hope is for the provincial government to generate substantial revenue through this management.”

Pastika specifically mentioned the importance of preserving the rice fields around Canggu, which contribute to food production and counterbalance to tourism-focused developments.

Ni Kadek Dwi Indah Paramita reported that since its establishment in 2022, BUPDA Traditional Village has accrued profits of IDR 1.9 billion from local enterprises, such as shops and beach vendors, which have contributed through village taxes.

Waste management was also discussed, with Suarsana noting the identification of potential land for a major waste processing site and local communities’ efforts to start a waste bank.

“We have entrepreneurs eager to aid in waste processing to pilot Canggu as a model area. However, securing suitable land remains a challenge, and we are looking to utilize land owned by the Bali Provincial Government,” Suarsana explained.

Furthermore, Suarsana revealed that the Village Credit Institution (LPD) of Canggu, comprising seven local hamlets and 1,200 families, has assets of IDR 750 million in the bank and generates approximately IDR 7 billion annually.

“Our goal is for the traditional village to achieve an annual income of IDR 10 billion, enabling us to acquire and manage assets that will boost the economic well-being of our residents,” he added.

Canggu’s evolution from a quiet fishing village to a vibrant tourism hotspot featuring the world’s largest beach club, Atlas Beach Club, reflects its significant transformation. As Bali continues its quest for sustainable and culturally sensitive tourism practices in 2024 and beyond, the challenge remains in balancing development with environmental and cultural preservation. Despite these challenges, Canggu remains a top destination for those seeking a luxurious beachside experience.

Recently, Bali also enhanced its international airport with automated gates to improve customer experience.

The Impact on Bali Property Market

As Canggu’s tourism industry flourishes, its effects on the Bali property market are increasingly significant. The demand for properties in Canggu, especially villas, has seen a noticeable uptick in sales and rentals. This surge is directly tied to the area’s transformation into a top-tier tourist destination, attracting short-term and long-term expatriates.

Investors and individuals looking for residential or rental properties are particularly interested in the villas for sale in Canggu. The allure of owning property in such a vibrant and culturally rich area continues to drive up property values. Villas in Canggu offer a lucrative opportunity for investors aiming to capitalize on Bali’s tourism boom. As the area develops further, the value of these properties is expected to increase, making them an attractive investment.

Canggu villa rentals have become a hot commodity with the influx of tourists and seasonal residents. These properties are popular among tourists seeking luxurious accommodations and digital nomads and expatriates looking for longer-term stays. The high demand for rental villas ensures a steady income stream for property owners. It contributes to the vibrancy of the local real estate market.

The trend in Canggu reflects a broader pattern across Bali, where villa rentals have become synonymous with stylish and comfortable accommodations. Bali villa rentals are sought after for their privacy, unique designs, and the blend of modern amenities with traditional Balinese aesthetics. This sector of the real estate market caters to a diverse clientele, ranging from budget travelers to luxury seekers, thereby bolstering the overall attractiveness of Bali as a real estate hotspot.

Overall, the real estate market in Bali, particularly in areas like Canggu, remains robust due to the ongoing tourism development and the locale’s international appeal. As Bali continues to enhance its infrastructure and community services in response to tourism growth, the real estate market is expected to mirror this progress, offering more sophisticated and ecologically sustainable living options.

The transformations in Canggu serve as a prime example of how tourism can dynamically influence local real estate markets, creating both opportunities and challenges in preserving the cultural and natural integrity of the region while accommodating growth.