lombok property market

lombok property market

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 airport is only 2 kilometres drive and Komodo Island is 50 kilometres. Developed by an experienced management team, our concept gives you maximum return on your investment, while you enjoy the lifestyle in the Seaside Society. 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. – Additional direct capacity to Singapore as AirAsia looks to expand routes from their Lombok hub. Situated on fabulous Kuta Beach and just 20-minutes from Lombok's International Airport, this 6,000-square metre parcel of land lies adjacent to the Indonesia Tourism Development Corporation (ITDC) 10,000-key Mandalika development project in Kuta, South Lombok. Why not sign up to our newsletter and receive regular updates on all things Lombok real estate. How about this view to start your 2021? #1 I live in Indonesia and have 2 small dogs can I bring them to Lombok are there restrictions like Bali Hi Saleh, we haven’t noticed any reduction in land or property values in South Lombok. Also electricity connection is available at the property … Suited for hotel resort or villa complex. It would depend where your dogs are coming from prior to arriving in Lombok. I have a couple questions before buying a property This community-driven islet is just a couple of hours from Singapore and a half-hour from Bali. If anything this year we have seen an increase. Everybody wants a high rate of return but it pays to be cautious and well informed. 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. Please correct the marked field(s) below. It’s an untapped market, with prices a fraction of those for lands in Bali, and many factors are creating favorable conditions for returns. We provide a list of Lombok property, real estate, house, villa for sale or Bali Property for sale and invest. Question. There is not usually pressure for owners to sell here as they rarely have any debts against the properties. Read our take below and if you have any questions please contact us here or leave us a comment below. The opening of the Lombok International Airport has been a large catalyser for south Lombok and the south Lombok property market due to its proximity to the new Airport. Mount Rinjani meanwhile is not only the second highest volcano in Indonesia, but also offers one of the planet’s most spectacular climbs. 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. The closest comparable market is Bali, which is now widely considered over-developed and overpriced. The significant potential for profit, driven by unique market circumstances, makes Lombok one of the most lucrative investment locations in any current market. Please feel free to email us or give us a call. Moreover, it remains nearly impossible for expats to obtain a local mortgage to finance the purchase of property. 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. Low buy in cost + high rental rates = high yield. As its neighbour faces challenges associated to over-tourism, investors are turning to Lombok for more reasonably priced land and property investment opportunities. Government moves and new offerings – such as these villas at Selong Selo Resort & Residences, Lombok – are stirring interest in Indonesia’s property market. 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. 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. Indonesia welcomed more than 16 million tourists in 2019, but more than a third of them almost exclusively visited Bali. The significant potential for profit, driven by unique market circumstances, makes Lombok one of the most lucrative investment locations in any current market. The opportunities are plentiful. Location is often cited as the main determining factor in the value of any given property. Tampah Hills offers a secure investment for foreign and local citizens alike in Lombok’s booming property/land market. Lombok Airport property for sale, in the front of Lombok International airport. 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. Be a pioneer of beachfront ownership in Lombok and benefit from the future development of the island. This plot comes with building permits already granted for a 36-key Hotel and Beach Club concept. Minimum purchase is … In. Real estate prices have been spurred by a combination of factors including: – government infrastructure (into Roads and the Airport in particular); and. The property has staff accommodation on site. As property in Lombok is generally held debt free it tends to ride out bumpy periods better than highly leveraged property markets. Blessed with spectacular natural beauty, Lombok’s beaches are considerably less crowded than its nearby neighbours. Indonesia opened the property market to those foreigners who reside (legally) in Indonesia. 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. Sekotong – 012 Located on the southern area of Mandalika Kuta, facing directly to the beautiful sunset and Agung Mountain, this 76 are land has electricity access, water supply by deep well, ideal for villas and resorts with specific niche market. With investment into the island and the Lombok property market just starting to pick up, the land values are affordable and accessible. Advertise your property, search for a dream home, analyze market data and prices or value your property … Compare that buy-in cost to other markets (even neighbouring Bali) where a comparable property is much more expensive but room rates are similar then you can see why the yields are high in Lombok. The rising domestic demand of Indonesian investors and tourists is an additional factor. This property is being offered with an attractive payment plan. Happy to discuss specifics with you at any time. Exotiq Property represents owners of the finest resort properties for sale and rent in Asia. Lombok Commercial Property . Indonesia continues to forge ahead as one of the world’s largest democracies, with very few tensions within the existing political power structures. For more details on why yields are so high, read our article here. Thank you for your questions. If you are looking to invest in Lombok take advantage of this undersupply by purchasing completed properties already generating returns, rather than land banking. We at Invest Islands offer our clients the chance to invest in and develop land that will allow them to realise their dreams while making profit in a fast-growing market. From pole barn villas to shipping container villas the trend is apparent. 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 continues to offer opportunities for real estate investors looking for immediate high yielding opportunities, or for passive investors looking for capital appreciation. It’s a great time for Lombok developers with some of the most exciting projects in Bali currently underway in this area. of land suitable for hotel,commercial freight or logistics companies. – private investment into hotels, restaurants and retail. And with much of the land largely undeveloped, the only limitation is your imagination. Land for sale 21166 m2 of prime property-South Lombok. The properties listed on this page are all for sale by direct owner. Investors have particular needs when purchasing or developing property… and information is the key. Image supplied by Harcourts … 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. Lombok Property Group (LPG) is in the business of property acquisition, development and management in South Lombok, Indonesia and the surrounding bays. 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. 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. Lack of supply. – Increased international tourism numbers underpinning strong occupancy levels for villas and hotels, especially in South Lombok. Areas close to this infrastructure and investment spend have benefited from increased land and property values. Melbourne most likely to be serviced initially followed by Sydney. Thanks Tania, yes we are regular touch with buyers and seller on this subject. 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. Meet the GM in charge of Lombok’s most exciting new hospitality opening. Pushing efforts forward is the island’s ever-improving accessibility. Required fields are marked *. The country’s emerging middle class is creating a boom for consumer companies across many industries, from hotels and airlines to cars and mobile phones. In recent years, the Indonesian government has realised Lombok’s huge potential and started to promote the island as one of the country’s primary tourist destinations. However, it also set tough requirements regarding foreign ownership of Indonesian property. Part 2: Why use a Real Estate Agent in Lombok? 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. Amber offers villas for sale in an idyllic beach resort where comfort blends lifestyle with nature. Those looking in the Southeast Asia property market will find a hidden gem and limitless possibilities in Lombok. a strategic location, approximately 250 meres from the airport entry turn off. KHD has over 200 lots, and the land sizes range from 500 m2 to 10,000 m2. Lombok’s growth is mostly attributable to the island being positioned as an alternative holiday destination to Bali. 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. KHD can help select the plot to build a Lombok house for sale or to have for living or a holiday home. – New retail offerings in Kuta including both boutique and larger retail operators including a large supermarket and Rip Curl clothing store. 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”. Land with the best views. 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. 2. 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. With only a few days left of 2019 we take a look at the year here in Lombok and the key property market trends. This property is at UNDER MARKET VALUE. This completed two bedroom v. Can foreigners own property in Indonesia? Various size lots available, in the best strategic location to the airport. The property has a SHM freehold land certificate. Lombok Property Group’s prefabs are the new luxury. Overflow from other popular tourism markets completes the picture. President Joko Widodo was elected to office in 2014 and was successfully re-elected in 2019. Lombok Property Market in 2019 . 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. How does the corona crisis affect the land/property market, particularly in south lombok? Our office is located in Senggigi at the famous Senggigi Art Markets on Senggigi Beach. Lombok’s land prices are still very competitive with potential for extremely good returns”. The metal villa industry is on the rise, and in 2019, More and more people will have modular style villas built. The resort has 15 bungalows, 1 beachfront restaurant, 1 spa, 1 lobby Invest in a turnkey solution with comprehensive facilities, completion 2020. Gregory Lloyd Luke acquired extensive knowledge of the Lombok property market during his twelve years on the Island. #2 is alcohol freely available. 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 Your email address will not be published. Marketing for the Luxury Property market is an essential ingredient in all of the services Elite Property Marketing offers. Real estate prices have been spurred by a combination of factors including: – increasing tourism numbers; 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. Lombok offers a rare chance for investors to buy into a market that is on a steep upward curve, yet remains accessibly priced. 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. Jean-Marc Reynier points out the big change he has noticed in the property market in Lombok and the Gilis saying more mid-scale businesses are entering the market as well as a few boutique hotels; many coming from overcrowded Bali. 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. © 2021 Reef Property Lombok. We see growth in both land and villa prices being focused in markets that have the following: – Proximity to popular beaches, surf spots, restaurants, bars and other facilities that attract tourists and make them return visitors, – Ready access to existing infrastructure (Roads, Electricity) and importantly access to water during the dry season, – Areas close to population centres where it is easy to attract quality staff for construction and hospitality. – 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. 1. Also the property has a gentel slopping grade and is suitable for hotel resort or a villa complex. The property has staff accommodation on site. Be the first to know about our latest Real Estate projects and more from Lombok Indonesia. Large landscaped gardens and plenty of areas to relax. Only 45 minutes from Lombok International Airport. 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. Privacy Policy. Selling … The resort is well positioned in Lombok’s Boutique Hotel Market and has been awarded TripAdvisor’s Certificate of Excellence every year since 2012. Island Property Real Estate are proven specialists in all facets of real estate on Lombok. Hi Tom, would be interesting to read what you think about the Covid-19 impact on the land and property prices on Lombok. Part 1: 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. @fabiankiby, The perfect escape! 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. 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. There is a lack of quality accommodation on the South Coast of Lombok. Photo: handout Indonesia You can contact us here. Link in our bio for, Endless sandy shores of Lombok Yes absolutely, we will have a cold beer waiting for you. We monitor and identify commercial property trends and deliver projections to help you make critical decisions for your business's future. 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. Indonesia has experienced consistent economic growth of between 5-6% year-on-year since 2010 and this is expected to continue in years to come. 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. 2. This ensures politics is unlikely to impede significant reforms and economic growth. The same concept applies when considering Indonesia’s 17,000 islands. 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. 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. Click below to learn more. Our selection of available commercial properties are updated constantly for investors looking to tap into the growing Lombok market. The guide is inspired by and based on Gregory Lloyd Luke’s “The Complete Guide to Buying Property in Lombok”. Have prices per m2 decreased? Price growth won’t be uniform and this has been clear in recent years as some regions have sped ahead of others. Find the property that suits you. by Tom Merrett | Dec 28, 2019 | Investment, Lombok | 6 comments. We are career property professionals and we want you to benefit from our personal experience of building and managing accommodation in Lombok. Also the property. While land prices in Bali have jumped in just four years from less than US$300 per square metre to more than $1,000, Lombok is still early in its development process. 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. See our top tips for buying land in Lombok. Comp, Beautiful shot captured by @island.visuals on thei, Magic moments at Villa Strata Our extensive coverage in the region gives us a unique understanding of the luxury property market. All rights reserved. This is boosting domestic wealth, which is finding its way into the property market in the form of land purchases and developments. – 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. Your email address will not be published. Of the finest resort properties for sale by direct owner the rising domestic of... 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