What's Happening?
PT Lyvin Properties Indonesia is nearing the completion of its flagship development, Lyvin Melasti, in southern Bukit, Bali. The project, set for full completion by March 2026, reflects a shift in Bali's
property market towards low-density, design-led projects with integrated hospitality services. According to Alexander Sokovykh, founder and CEO of Lyvin Properties, the demand for space, privacy, and quality living environments is driving this change. The development spans three hectares and includes 18 single-storey villas and a building with 20 ocean-view suites, with over half the land preserved as green space. The project is designed to align with Bali's premium property cycle, focusing on long-term value and sustainability.
Why It's Important?
The development of Lyvin Melasti highlights a significant trend in Bali's real estate market, where higher-spending visitors and long-stay travelers are seeking more than standard villa products. This shift is prompting developers to rethink scale and layout, focusing on larger plots, greenery, and thoughtful planning. The project is strategically located in Uluwatu, benefiting from growth in dining, wellness, and lifestyle infrastructure, making it attractive to investors and travelers. By integrating residential ownership with professional hotel management, Lyvin Melasti aims to offer turnkey assets that serve as both residences and investments, catering to the evolving expectations of buyers.
What's Next?
As Lyvin Melasti approaches its completion date, the focus will be on ensuring the project meets the high standards set by the developer. The villas are already operational, and the suites and shared facilities will open progressively ahead of March 2026. The project's success could influence future developments in Bali, encouraging more developers to adopt low-density, sustainable designs. Additionally, the integration of hospitality services may become a standard expectation in luxury developments, further shaping the property market in Bali and similar tourist destinations.
