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10 Years too late for Canggu?
This is your second chance...

Kedungu: Bali’s Next Hotspot

Some of the best real estate outcomes do not come from predicting “the next hype.” They come from recognising a repeatable pattern: 

Pioneer zone → maturity → yield compression → capital rotation

Bali has followed that pattern in sequence. 

Seminyak → Canggu → Pererenan → Kedungu.

TKF Land Development Map

What happened in Canggu?

In 2015, Canggu was still largely rice fields. Land transacted at roughly IDR 5M per are (USD 300/are).

Over the following decade, Canggu became a global hotspot and land prices moved to a very different regime. In many prime pockets, pricing today is often discussed around IDR 50M per are (3000 USD/are).

Kedungu, the next in line
Kedungu is increasingly framed as “next in line” because it sits directly in the westward spillover path

In practice, emerging areas offer what mature zones cannot:

  • Lower entry prices
  • Land aggregation optionality
  • Phased development timing
  • High Yield

Within this context, Kedungu has experienced a significant re-pricing, with average leasehold land values increasing by approximately ~3x since 2023. This appreciation reflects early-cycle demand rather than speculative excess, supported by improving infrastructure, rising visibility, and proximity to established hubs such as Pererenan.

kedungu land values

The practical question: access and execution

Not every investor has the time, local network, or negotiating leverage required to source,  diligence, and secure high-quality land opportunities in early-cycle corridors. 

That execution gap is real and it is often the difference between being early and being early  in the wrong asset

TKF is designed to bridge that gap through a structured, governance-led approach: 

• Local sourcing and disciplined land acquisition (selectivity over volume) 

 Governance-first structuring to protect investor alignment and decision-making  quality 

• Institutional-style underwriting focused on risk-adjusted entry pricing and  downside awareness 

• Phased deployment to manage timing risk and avoid chasing short-term market  moves 

In other words, the objective is not to “buy Bali.” 

It is to access the Kedungu area through a repeatable process with controlled execution.

For further information on The Kedungu Fund, please contact us directly or download the  Investment Deck 

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If you’re interested in learning more or exploring investment opportunities with our fund, we’d be happy to discuss further.
For our existing investors considering a top-up, please don’t hesitate to get in touch — our team is ready to assist you.

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