Lombok Indonesia is often overshadowed by its neighbor Bali, the country and one of Southeast Asia’s most traveled to tourist destinations. Lombok, however, is on its way up. With it’s rugged, untouched and natural beauty and rich traditional culture, and easy island lifestyle, it is reminiscent to what Bali was 30 years ago. Lombok is a best-kept secret, reserved only for honeymooners and adventurers looking for a peaceful getaway, away from the crowds. Similar to Bali before it, Lombok is now becoming an attractive option for investment. The country’s president and tourism officials have pledged millions, if not billions, of dollars to its development and improvement of infrastructure, in efforts to drastically increase international tourist arrivals to Indonesia. With construction just starting on major developments, now would be the time to invest in private property in Lombok, either for a private home or land for new business. The 200+ lots for Kuta Heights Development (KHD) are destined to become one of the island’s top real estate locations or investing.
Lombok is in the region of West Nusa Tenggara, and has been a hidden gem, known mostly by those taking a detour to arrive at the neighboring Gili Islands, or adventurers brave enough to trek Indonesia’s second highest peak - Mount Rinjani. Recently, however, Indonesia President Joko Widodo and the Tourism Ministry are shining the spotlight on Lombok and nine other regions, declaring them the 10 “New Bali’s,” spots to become the next tourism hot spots. Each of the New Bali’s are known for their growing popularity and potential and will be given dedicated funding for infrastructure development such as upgrading their airports, improvements for access and services like roads and hospitals. In 2017 they announced plans and their ambition to attract more than 20 million international tourists to the archipelago by the end of 2019. President Jokowi’s support and funding will quickly push Lombok to become a world-class destination.
There is a unique window of opportunity for investment into Lombok at the moment. Not only was Lombok already on the rise, but the ardent support the President and his administration, have put the development and improvement of infrastructure into the fast lane - literally. Lombok was selected to host the MotoGP in 2021. This will be Indonesia’s first world-class racing event in more than 20 years, and if plans go accordingly, the street circuit race track could potentially host up to eight races annually. The 2021 event is expected to draw more than 150,000 spectators to attend the race, and an audience of over 430 million viewers worldwide.
The MotoGP development coincides with the construction of the Mandalika Resort Project - Lombok’s largest commercial endeavor to date. Mandalika is a US 3$ billion project on 1,175 hectares in South Lombok, along the Kuta Beach region. It will be 300,000 m2 of commercial space, over 12,000 hotel rooms from brands like Pullman, Club Med, and Grand Mercure Hotel, along with an eco-park, and entertainment grounds with a theme park and water park. With these incredibly large-scale events, the Tourism Ministry sees the South Lombok and Kuta Beach area to become much like Bali’s Nusa Dua. Funding of $65 million has been secured to drive international tourists and promote Lombok to the MICE (Meetings, Incentives, Conventions and Exhibitions) market. All these happenings, including an expanded and improved Lombok Airport will be turning investors quickly to the South Lombok and Kuta Beach regions, and the Kuta Heights Development will be one of the best options for residential real estate.
These new developments can only succeed if there is dedicated support for access and connectivity in Lombok. As an archipelago, transportation throughout Indonesia is more difficult than other land-locked locales. Improvements and upgrades to the Lombok Airport are a priority, and the state-owned airport operator PT Angkasa Pura I was budgeted more than US $14 million for planned renovations - expansion of the terminal and a new Taxi-Way and Drop Zone. These improvements allow for faster, and safer access to the island, better services, and more international flights. AirAsia just announced a new hub at Lombok, with daily direct flights from Perth and Kuala Lumpur. This is in addition to SilkAir’s flights from Singapore that are also daily. There are also international direct flights from destinations like London, Amsterdam, Bangkok and Dubai, into Bali and Jakarta, which are just short connection flights away from Lombok. Access to Lombok and the Kuta Beach area is very simple, and KHD is just 20 minutes from the airport, with connection just off the bypass. The airport is yet another reason why KHD is becoming one of the island’s most wanted areas for investment.
There are more than 200 lots of land on 27 hectares within the KHD are in the desirable location for investing in Lombok, within 5 minutes of the popular Kuta Beach, and within directly beside the Moto GP race track and the Mandalika Resort Project, and just 20 minutes form the Lombok Airport. The lots are pristine land, as of yet untouched, and most are in Stage 2 development, ready for residential builds. They would be the ideal setting for a home or villa, corporate or private getaways and wellness or holistic retreats. The surrounding scenery is stunning, overlooking the beaches and Kuta Bay, with views of sunrise and sunset, with lush Kuta Greens preserving the island’s natural beauty.
KHD is a private, secure community. While it is an easy island lifestyle there are plenty of activities nearby, such as surfing, diving, golf, yoga or exploring the town’s shops and restaurants. The land sizes of the 200+ lots in KHD range from 500 m2 to 10,000 m2. Those getting into the market now, will find them to be very affordable, with plenty of potential for return on investment. The AA land prices start at US $24 m2, and home build prices start at US $500 m2. Contact the experts at KHD for a brochure or for assistance through the entire process, from the land purchase up to the finished build and beyond.