Bali is booming with development projects, from new hotels to new apartment complexes and beyond. Around every corner and in every resort town new properties are being built.
One apartment complex in particular is set to boast the world’s longest rooftop pool.
Magnum Estate is the property development company behind the Magum Residence Berawa. The project, which is already underway, will feature luxury apartments and five-star service.
Overlooking Canggu’s most iconic beach, the Magnum Residence Berawa is touted to feature a “rooftop that has no equals in the world.”
Mock-ups of what the site will look like at completion show a modern, angular building, with a luxuriously furnished rooftop and a long infinity pool that runs the full length of the apartment building; a whopping 190m.
The site sits just 500m from Berawa Beach and is within a short drive of all of Canggu’s world-famous beach clubs, emerging fine dining scene, and independent boutiques.
The Magnum Residence Berawa is set for completion in the last quarter of 2025, so tourists and expats have some time to wait before they can jump into the world’s longest rooftop pool.
The apartment complex will feature one-bedroom apartments, starting at USD 350,000, and two-bedroom apartments, for USD 590,000; all of which overlook the ocean.
The property is appealing to property investors and those looking to establish a second home in Bali since Magnum Residence Berawa has said that apartment owners can rent out their property, reside in it themselves, or use it as a vacation home that’s available at any time.
Canggu is easily the most busy tourist resort in Bali right now. The iconic surf destination is bustling with tourists from all over the world.
The evolution of Canggu as a destination has happened at lightning speed, even in light of the pandemic. Less than ten years ago Canggu was a quiet Balinese village, home to a few expats, and frequented by surfers.
Then came the more adventurous backpackers and digital nomads, followed by the holidaymakers seeking something a little off the beaten track. For many, Canggu has become the party capital of South East Asia.
The Magnum Residence Berawa is just one of hundreds of major building projects underway in Bali right now. Magnum Estate as a company is also developing huge complexes in Sanur, Seminyak, Umalas, and the Bukit Peninsula.
Such huge amounts of investment into tourism accommodation and investment properties have been celebrated by some as a sign of positive economic development in Bali.
But just as many Bali lovers have been vocal in their concerns that the level of development is unsustainable.
Earlier this year the community in Seseh successfully petitioned against the construction of a massive apartment and holiday villa complex.
The community, of local residents, ex-pats, and regular visitors to the surf village, all came together to call out the potentially destructive nature of the project.
The development company has said they’re going back to the drawing board to ensure that projects take on board the opinions and advice of the local authorities and the local community.
Down in Uluwatu, the community is also banding together to call out the rapid development of apartment complexes that they feel are spoiling the natural charm of the coastal retreat.
The group Stop Uluwatu Destruction has been working to establish awareness to help “stop the Cangguization and destruction of Uluwatu.”
All this development does mean that Bali is becoming a tourist destination that can boast the world’s first and only in many categories.
The island is also home to the world’s biggest beach club, which itself is home to the world’s longest poolside bar.
Atlas Beach Club, also in Canggu, is one of the most popular beach club venues in Bali. The complex only opened its doors in 2022 but has quickly become the go-to party destination in the area.
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Firechef
Sunday 26th of November 2023
For those apartment prices you could build your own villa with private swimming pool and maid and grounds keeper.
Exp
Wednesday 29th of November 2023
@Firechef, True. In some areas of Sanur you can buy freehold land, lets say 3 are (300m2) for around 2.5 Milyar. Then build a 200m2 medium standard villa (w/garage, pool, bale) for around 1.5 Milyar plus another 500 Juta for furniture and other misc items. Total 4.5 Milyar or USD 290,000. However, as a foreigners legally should do leashold, the price will be reduced to around 3 Milyar or USD 200,000 for 25 year lease.
So USD 350,000 for a one bedroom apartment with wafer thin walls and floors (noisy) is obviously a rip off. The apartment will likely come with monthly "management" fees of around 3 Juta, so not much cheaper to run than a villa.
Shorty
Tuesday 28th of November 2023
@Firechef
Most people, here or elsewhere, buy existing housing rather than build.
Arthur
Saturday 25th of November 2023
and flying machines to move around...
Wayan Bo
Saturday 25th of November 2023
Before moving to a foreign country the most important is to know their laws, even more important than to speak their language. It’s at least very doubtful that westerners with Indonesias law knowledge will be willing to participate in such investments.
Exp
Friday 24th of November 2023
Magnum developer seems to be co-owned by Jakarta based businessmen. Who are the other "co-owners"? Web page is in dual English & Russian and there are photos of slavic looking dudes?
More unsightly Jakarta style concrete boxes to be built blocking out the sunset, views and airflow for all villas behind. Nothing traditional Bali about these projects.
1 bedroom apartment of 81m2 start at USD 350,000 (5.5 Milyar)? What a con considering the normal construction standard here. There is probably hefty monthly fee to pay as well. I guess the buyers will be mostly people that need to pay using their "cash" or bitcoins and quickly resell for money that can be declared.
Shorty
Monday 27th of November 2023
@Exp,
Check out Bali property for sale. USD 350k is not unusual for a similar apartment.
Monthly/annual maintenance levies happen with all similar developments.
I'm in no way endorsing it. To me it's fugly.
Firechef
Sunday 26th of November 2023
@Exp, Russians laundering their money with the Indonesian government consent.
Wayan Bo
Saturday 25th of November 2023
@Exp, anyway Moscow is very expensive too.