Though, for branded residences, both in the lead-up and period after the global pandemic it has lagged behind other key Southeast Asian leisure markets such as Thailand and Vietnam.
Turning back the page, the initial wave of branded properties legacy properties included Amanusa. Moving into the Millennium, a second wave of mixed-used development included Alila Uluwatu, W Seminyak, Banyan Tree, Karma Jimbaran, and later Karma Kandara, Anantara Legian, and another in Uluwatu, Peppers Seminyak and a scattering of others.
In the lead-up to the global financial crisis (GFC), the booming Indonesian economy ignited a considerable number of condominium (condotel) projects aimed at domestic buyers. These often featured guaranteed returns and were concentrated in Kuta, Sunset Road, and peripheral areas.
In the same period with land prices skyrocketing, a series of master-planned, mixed-use…
