Since the COVID-19 pandemic, the Bali property market has experienced a revival that has attracted the interest of local and international investors. The smart home trend has been in the spotlight, especially among the millennial generation who want a house with a modern-minimalist building style, multifunctional, and complete with smart technology.
Smart Homes and Open Spaces with Advanced Technology at the Bali Property Market
This residence has an open space concept. This will maximize natural light and fresh air. The use of materials is also right for a spacious and comfortable impression, and the support of smart technology is still the main consideration.
Not only smart technology but there is also technology that residents can control via gadgets that are connected to the smart home system. In addition, there are energy efficiency, security, automation features, and a high level of comfort.
Smart Home Market Growth
Smart homes are becoming a trend, especially among the millennial generation. Then, according to Statista, the global market is currently experiencing significant growth. It is projected to reach 174 billion US dollars per year in 2025 and 250.6 billion US dollars in 2029.
Meanwhile, Fortune Business Insights has predicted that the smart home market will grow from 101.07 billion US dollars in 2023 to 633.20 billion US dollars in 2032. Some people believe that smart home design is a necessity.
The design adapts to the surrounding environment, the right ceiling height of the house or room, optimization of the layout, air circulation in the room, and the arrangement of natural lighting will play an important role.
The concept of housing trends in the Bali property market includes every inch of space that must be maximized. Then, every corner must be useful. The space under the stairs is a smart storage place for goods.
Smart home features also increasingly influence the selling value of the property and buyer preferences. Studies show that houses that are complete with smart technology can have a much higher valuation.
For example, as research results published in the Journal of Sustainable Real Estate, it can found that residential homes with energy-efficient features have a high and increasing market value. A survey by The CE Shop revealed that installing smart devices in a home can increase its resale value by 5%.
Consumer Demand
Then, consumer demand for smart homes is also increasing rapidly. A survey conducted by Security.org found that around 75% of prospective home buyers are willing to pay more for a smart home, while 70% are actively looking for properties equipped with smart features.
This finding confirms that smart design in the housing market is important. This is because buyers increasingly value comfort, energy efficiency, and the security that is already available.
To accommodate this phenomenon, some companies have also developed Ecoverse. This is a residential complex with apartments and townhouses that have prioritized design, functionality, and good quality.
Sourced from Instagram @propert.bali, Bali is the hottest property market. There is a very high demand and skyrocketing rental profits. This investment offers the comfort and style of a real home. It is a seamless blend of smart investment and relaxed lifestyle.
This residence is located in the Pantai Nyanyi area, Tabanan, Bali. Offering smart home technology and a sophisticated security system. Every detail is carefully crafted and ensures a premium environment with a blend of comfort and modern luxury.
Smart housing in the Bali property market has finally become a trend with the establishment of Ecoverse, which is a building complex. Of course, with 35 apartment units and also 16 townhouse units as high as 2 – 3 floors. This is specifically designed for the comfort and satisfaction of consumers, especially the millennial generation. /Amel
