Everybody wants a high rate of return but it pays to be cautious and well informed. Lack of supply. Be the first to know about our latest Real Estate projects and more from Lombok Indonesia. Those looking in the Southeast Asia property market will find a hidden gem and limitless possibilities in Lombok. by Tom Merrett | Dec 28, 2019 | Investment, Lombok | 6 comments. Your email address will not be published. a strategic location, approximately 250 meres from the airport entry turn off. However, recent years have seen the southern coast witnessing a surge in development with the US$3bn Mandalika Project its showpiece and the international airport in Praya making the coastal city of Kuta suddenly all the more accessible. Exotiq Property represents owners of the finest resort properties for sale and rent in Asia. There is not usually pressure for owners to sell here as they rarely have any debts against the properties. Lombok’s land prices are still very competitive with potential for extremely good returns”. As we look forward to 2020, we also consider the upcoming year for Lombok and what we believe will be the major tourism and property market trends and opportunities. Lombok Property Group’s prefabs are the new luxury. Tampah Hills offers a secure investment for foreign and local citizens alike in Lombok’s booming property/land market. Situated in a coconut grove on the west coast of Lombok, this 4-Star property is a 5-minute drive away from Senggigi; Lombok’s prime tourist and shopping area. Lombok Commercial Property . Comp, Beautiful shot captured by @island.visuals on thei, Magic moments at Villa Strata Whatever your investment goals we look forward to chatting with you, showing you the options in Lombok and making sure you benefit from our on-the-ground experience as full time Lombok residents. According to Tourism Solutions International, tourism on Lombok is set to double, “The island is also fast gaining interest from foreign real estate investors and individuals seeking an alternative to the increasingly saturated Bali market for property purchases. Considered one of the five most attractive emerging investment locations in Asia by ‘Property Report’, Lombok is situated between the tourism hotspots of Bali and Komodo Island. However, it also set tough requirements regarding foreign ownership of Indonesian property. Find the property that suits you. Lombok’s growth is mostly attributable to the island being positioned as an alternative holiday destination to Bali. © 2021 Reef Property Lombok. I have a couple questions before buying a property Lombok Property Group (LPG) is in the business of property acquisition, development and management in South Lombok, Indonesia and the surrounding bays. The national government is keen to attract tourists to some of it other 17,000 islands and Lombok features prominently on its “10 New Balis” blueprint. It’s an untapped market, with prices a fraction of those for lands in Bali, and many factors are creating favorable conditions for returns. Real estate prices have been spurred by a combination of factors including: – government infrastructure (into Roads and the Airport in particular); and. The significant potential for profit, driven by unique market circumstances, makes Lombok one of the most lucrative investment locations in any current market. Only 45 minutes from Lombok International Airport. Yes absolutely, we will have a cold beer waiting for you. Please correct the marked field(s) below. Photo: handout Indonesia President Joko Widodo was elected to office in 2014 and was successfully re-elected in 2019. For more details on why yields are so high, read our article here. Why not sign up to our newsletter and receive regular updates on all things Lombok real estate. Question. Our extensive coverage in the region gives us a unique understanding of the luxury property market. The significant potential for profit, driven by unique market circumstances, makes Lombok one of the most lucrative investment locations in any current market. The property has staff accommodation on site. Indonesia welcomed more than 16 million tourists in 2019, but more than a third of them almost exclusively visited Bali. Lombok Airport property for sale, in the front of Lombok International airport. This is an excellent opportunity for an investor looking to get in to the tourism market and hotel market in Lombok, an investor looking to expand their brand or an investor looking for a high ROI. – private investment into hotels, restaurants and retail. In the 12-month period before the COVID-19 pandemic grounded international flights around the world, Lombok received a million tourists and recorded 20% year-on-year growth. Image supplied by Harcourts … We monitor and identify commercial property trends and deliver projections to help you make critical decisions for your business's future. See our top tips for buying land in Lombok. Real estate prices have been spurred by a combination of factors including: – increasing tourism numbers; – Additional direct capacity to Singapore as AirAsia looks to expand routes from their Lombok hub. Suited for hotel resort or villa complex. 1. Lombok Property Market in 2019 . And with much of the land largely undeveloped, the only limitation is your imagination. Minimum purchase is … Holiday makers particularly enjoy the famous Gili Islands, while the mighty Mount Rinjani attracts hikers and surfers visit for Desert Point, which boasts some of the best barrels in the world. Have prices per m2 decreased? Please feel free to email us or give us a call. Read our take below and if you have any questions please contact us here or leave us a comment below. Thank you for your questions. Pushing efforts forward is the island’s ever-improving accessibility. Lombok continues to offer opportunities for real estate investors looking for immediate high yielding opportunities, or for passive investors looking for capital appreciation. Lombok boasts a climate that seldom sees temperatures rise above 33C or drop below 21C – the perfect weather for exploring its stunning beaches, diving in clear, fish-filled oceans, and enjoying a true tropical paradise. The resort is well positioned in Lombok’s Boutique Hotel Market and has been awarded TripAdvisor’s Certificate of Excellence every year since 2012. It would depend where your dogs are coming from prior to arriving in Lombok. has several options for access, the road runs parallel to the main road. Other regional markets, such as Koh Samui and Phuket in Thailand, also contribute, as do the high prices in developed markets such as Australia, Hong Kong, Singapore, and Malaysia. The metal villa industry is on the rise, and in 2019, More and more people will have modular style villas built. Happy to discuss specifics with you at any time. This ensures politics is unlikely to impede significant reforms and economic growth. Growth in Lombok property prices was concentrated in key markets, particularly along the South Coast of Lombok in the tourism magnet of Kuta and towards Selong Belanak and beyond. – Increased international tourism numbers underpinning strong occupancy levels for villas and hotels, especially in South Lombok. Also the property has a gentel slopping grade and is suitable for hotel resort or a villa complex. Development was for many years almost exclusively concentrated along the north-western coastline, where Lombok’s most popular destinations are situated: the famous Gili islands of Meno, Air and Trawangan. With two new scuba diving shops opening in town and expanding their operations beyond the Gili Islands, the area is also starting to see an influx of divers keen to explore the undiscovered diving spots of the South Lombok coast. Our office is located in Senggigi at the famous Senggigi Art Markets on Senggigi Beach. There is a lack of quality accommodation on the South Coast of Lombok. Part 2: Why use a Real Estate Agent in Lombok? Various private and government-backed resort projects have opened for business, while more are in the pipeline. Located on the cliff site -facing directly to the ocean and Awang Fishing port – this 3,5Ha hilly lands has electricity access to connect to power plant, water supply by deep well, ideal for Villas and Resort with specific niche / high-end market. Arief Yahya, Indonesia’s Minister of Tourism, considers Lombok to have the fastest growing tourism market in the region and development has quickened in recent years courtesy of a new international airport catering to overseas visitors from Australia, Malaysia and Singapore. Gregory Lloyd Luke acquired extensive knowledge of the Lombok property market during his twelve years on the Island. Lombok: To go to the page of the property of your interests, please click on the pictures of that certain property or click on the button that says “More information”. Its US$3 billion Mandalika Priject promises to be the jewel in the crown, but the provincial government has also been actively introducing tourism projects and promotional activities to attract more visitors. This plot comes with building permits already granted for a 36-key Hotel and Beach Club concept. Lombok is in an exciting position of developing its stronghold within this market and Lombok Property Group's SIWA resort project will be one of the first resorts to offer the ultimate wellness experience. The tropical Paradise island of Lombok is an island of outstanding natural beauty with mountainous areas including Mt Rinjani to the north of the island sloping down to white beaches of Kuta and surrounding beaches. If your preference is to purchase land there are diminishing opportunities to purchase flat, well located blocks in tourism hotspots, such as central Kuta Lombok, and this type of ready to build block would be one key area of focus. Prices on the island have increased more than 200 percent in that same four-year period, yet still list for as little as US$230 per square-metre. Lombok offers a rare chance for investors to buy into a market that is on a steep upward curve, yet remains accessibly priced. Click below to learn more. Blessed with spectacular natural beauty, Lombok’s beaches are considerably less crowded than its nearby neighbours. Land for sale 21166 m2 of prime property-South Lombok. KHD has over 200 lots, and the land sizes range from 500 m2 to 10,000 m2. We work closely with our developers to help create a product mix which will sell to the current market… not just a dream based on anecdotes of high returns. With only a few days left of 2019 we take a look at the year here in Lombok and the key property market trends. If anything this year we have seen an increase. We believe the opportunities at present include: For existing Lombok land owners, you can take advantage of an under supplied accommodation market by bringing accommodation to the market as soon as possible. How about this view to start your 2021? Mount Rinjani meanwhile is not only the second highest volcano in Indonesia, but also offers one of the planet’s most spectacular climbs. Below are the key factors we believe will influence property prices in Lombok in 2020 and beyond: – The start of direct flights from Austalia’s East Coast likely to commence. The rising domestic demand of Indonesian investors and tourists is an additional factor. Also electricity connection is available at the property … The property has staff accommodation on site. Required fields are marked *. Land with the best views. Overflow from other popular tourism markets completes the picture. Privacy Policy. 2. Low buy in cost + high rental rates = high yield. Melbourne most likely to be serviced initially followed by Sydney. The airport is only 2 kilometres drive and Komodo Island is 50 kilometres. As its neighbour faces challenges associated to over-tourism, investors are turning to Lombok for more reasonably priced land and property investment opportunities. Meet the GM in charge of Lombok’s most exciting new hospitality opening. The closest comparable market is Bali, which is now widely considered over-developed and overpriced. of land suitable for hotel,commercial freight or logistics companies. How does the corona crisis affect the land/property market, particularly in south lombok? Amber offers villas for sale in an idyllic beach resort where comfort blends lifestyle with nature. As has been the case in Bali, increased interest from tourists will be the key driver for property income and capital growth in the future. Location is often cited as the main determining factor in the value of any given property. lombok property for sale, lombok property investment, lombok property market, lombok property and villas,lombok hotel for sale, gili islands indonesia, lombok indonesia, lombok resorts 5 star, lombok resort hotel, sirkuit motogp lombok – More large sporting events coming to Lombok ahead of the MotoGP and Superbikes in 2021, with Lombok to host its first international Ironman triathlon in July 2020. This completed two bedroom v. Can foreigners own property in Indonesia? This is boosting domestic wealth, which is finding its way into the property market in the form of land purchases and developments. There has never been a better time to invest in land on Lombok, with the average price of land in Bali up to a hundred times more expensive than comparable land in Lombok. Lombok is situated 163KM east of the popular resort island of Bali – Asia Pasific’s #1 tourist destination, and is part of the Government’s ’10 new Bali’s in 10 years’ project. – Expansion and continued upgrade of the international airport, – New flight routes both domestically and internationally, – Commencement of the MotoGP track construction close to Kuta, – Large hotels, boutique guest houses and private villas opening in Kuta and Selong Belanak in particular, – Increased tourism interest in the South West Gili region, – A raft of new restaurants opening on Kuta’s central ‘eat street’ featuring international chefs. If you are looking to invest in Lombok take advantage of this undersupply by purchasing completed properties already generating returns, rather than land banking. Link in our bio for, Endless sandy shores of Lombok The guide is inspired by and based on Gregory Lloyd Luke’s “The Complete Guide to Buying Property in Lombok”. Various size lots available, in the best strategic location to the airport. Be a pioneer of beachfront ownership in Lombok and benefit from the future development of the island. The property has a SHM freehold land certificate. The opportunities are plentiful. Marketing for the Luxury Property market is an essential ingredient in all of the services Elite Property Marketing offers. Thanks Tania, yes we are regular touch with buyers and seller on this subject. @fabiankiby, The perfect escape! In. We are career property professionals and we want you to benefit from our personal experience of building and managing accommodation in Lombok. #1 I live in Indonesia and have 2 small dogs can I bring them to Lombok are there restrictions like Bali This is an excellent opportunity for an investor looking to get in to the tourism market and hotel market in Lombok, an investor looking to expand their brand or an investor looking for a high ROI. 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