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BUILDERS REPORT

Q3 2023

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EXECUTIVE SUMMARY

Welcome to REID's Q3 Builders Report! The following is an overview of the properties analyzed by REID in Q3 of 2023. The third of our four-part report series, the data selected is geared towards builders. REID will introduce median build size, price per square meter (sqm), and floor space ratio (FSR). In the upcoming pages, this report will provide readers with specific insight into performance of properties based on their sqm. Metrics shown will help builders better understand what the market is looking for, regional development patterns, and median sqm by region and property size. 

MEDIAN BUILT SQM

LEASEHOLD MEDIAN BUILT SQM BY REGION 

  • Median build size (in sqm) by region, with a comparison of sold vs. available, is presented here. Properties sold have a higher median build size than properties available, indicating a market appetite for larger builds across all bedroom types.

  • South Badung and Mengwi, two regions REID has identified as emerging markets, have the lowest median built sqm at 153 and 160 respectively. This highlights the recent trend of more compact villa sizes for new builds entering the market. 

  • In comparison, Denpasar, a more established region, has the highest build size at 223 sqm.

LEASEHOLD MEDIAN BUILT SQM BY REGION & SIZE

  • The most common property type (by region & size) is a 3-bedroom unit in North Badung. The median build size for these property types was 200 sqm in Q3. ​

  • One-bedroom properties in Tabanan (140) are almost three times the median build size for similar properties in Central Badung (58 sqm).

  • Empty values in the chart signify that no properties of that size in that region was added to the market during Q3. 

ABOVE MARKET MEDIAN

BELOW MARKET MEDIAN

SALES DISTRIBUTION BY BUILT SQM

LEASEHOLD MEDIAN BUILT SQM BY SIZE & SQM

  • Number of available properties that fall into a sqm range (broken down by bedroom) is presented here. 

  • Nothing of critical mass is sitting above 400 sqm, with the bulk of 2-bedroom properties between 100-200 sqm and 3-bedroom properties between 200-300 sqm. 

  • The majority of the market is made up of 3-bedroom units, which are the most diversified in sqm. Two-bedrooms are much more concentrated, with 780+ properties between 100-200 sqm.

MEDIAN FLOOR SPACE RATIO

LEASEHOLD MEDIAN FSR BY REGION

  • Floor space ratio (FSR) measures the ratio of build size to property size. For example, if build size is 200 sqm and property size is 100 sqm, FSR will be 200%. A higher FSR suggests more building density relative to the land it occupies, influencing property value and indicating development patterns. 

  • In Q3, Mengwi led with the highest FSR in Bali at 84.2%, indicating a dense region. In contrast, Gianyar's lower FSR of 52.9% signals a different development style.

LEASEHOLD MEDIAN FSR
BY REGION & SIZE

  • South Badung lead with a market-high FSR of 128.4% for 5-bedroom units, suggesting an increase in development density. In contrast, Gianyar's 5-bedroom properties have the lowest FSR at 31%, indicating a different land type and use strategy. 

  • The most common property type in Bali, 3-bedroom units in North Badung, show an FSR of 68.7%, highlighting a balanced approach to space utilization. 

BELOW MARKET MEDIAN

ABOVE MARKET MEDIAN

MEDIAN PRICE PER SQM

LEASEHOLD MEDIAN PRICE PER SQM BY REGION

  • The price per sqm is the median listed price divided by the property build size sqm.  

  • North Badung, Mengwi, and South Badung had the highest median sold price per sqm of all regions, confirming growing demand in neighborhoods like Canggu, Pererenan, and Bingin.

  • There was a 11% decrease from average price per sqm listed to median price per sqm sold in Q3 across the market. 

LEASEHOLD MEDIAN PRICE PER SQM BY REGION & SIZE

  • One-bedroom properties in South Badung saw the highest median price per sqm of any availabilities in the market at $2,900. 

  • One-bedroom units as a whole had a higher median price per sqm than any other property size and made up the majority of new properties coming onto the market during Q3.

  • Blank values in this chart indicate no new properties (of the corresponding size & region) were added to the market in Q3. 

ABOVE MARKET MEDIAN

BELOW MARKET MEDIAN

THANKS FOR READING!

Looking for a specific neighborhood or data point? Contact us to learn more.

REID releases quarterly reports to provide a range of market information across different segments, click below to see our other Q3 reports:

 

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