“1 are” is a common term used amongst the balinese to say 100 square meters. 1 are is a unit applicable in Bali as a metric scale used for the purposes of understanding size or scale when purchasing land. Research says, in 2030, 65% of world populations will live in urban areas. Bali, especially Denpasar, is no exception. Increased populations and limitations of land, create an un-fair property market that results in high land prices in Bali. The impact is felt most by the young generation (millennials). This millennial generation, also known as generation Y, is a cohort (demographic group) born in the 1980s to 2000. In other words, This millennial generation is currently dominating the labor force. Even with a steady income earned every month, most would think that millennial aim to eventually purchase their own private property, but the reality is actually inversely proportional.
According to research, the millennial generation is threatened by the ever increasing property hikes and risk not have a home in the next five years. The increase in income for the millennial generation, which on average is only 10% year-on-year, can not keep up with the rise in property prices, which increase by at least 20% year-on-year. IYA (Indonesian Young Architects) will unveil their exhibition called 1 Are House “A Living Space for Bali’s Millennials” from 28 October – 11 November at Uma Seminyak. This is to present ideas and works from young Indonesian architects building on only 1 are with the hope to educate the public that 1 are of land can be maximised and provide comfortable living through design. This exhibition also aims to excite the public about architecture and start a discussion on design and the future rights of generation Y. For more information you can contact +62 811 388 5515 (Andesita Oki), + 62 897 0135 7274 (Widi), or + 61 413 248 287 (Charles).
Jalan Kayu Cendana No. 1, Oberoi, Seminyak