The next hotspot for tourism, investment, and real estate in Southeast Asia is in Lombok, specifically in the area of Kuta Beach, on the southern side of the island. This section was named in 2017 as one of 10 “New Bali” destinations by Indonesian President Jokowi and his Tourism Ministry. These locales are seen to have the potentially become like Bali, a world-renowned tourism destination, with resorts, commercial space and large events. In Lombok, the developments and funding are being driven to the South Lombok area. Real estate is currently very affordable, and ripe with opportunity.
In the Kuta Heights Development (KHD), there are more than 200 lots of untouched land, with plans for a residential build for a private community. KHD is on a hillside, lush with greenery and coconut trees, just five minutes from the town of Kuta Beach. There are perfect views of sunset and sunrise, and views overlooking the stunning white sand beaches and turquoise waters of the bay. There is peace and tranquility and an easy, Island feel. The setting is ideal for an escape, for a holiday home or a private getaway. Entrepreneurs could use their lot for more, with opportunities for creating wellness, holistic retreats or surf and yoga camps. The community will be secure, accessed by a paved road, and within minutes of the town and beach. Surfing, golf, and diving opportunities are plentiful. An international school is just a few minutes’ walk of the entrance, for any families wanting to stay long term. The 200+ lots of KHD are in a highly desirable area for investing, having a holiday home, or creating a permanent residence in a private villa away from the crowds of Bali.
KHD is close and convenient to everything, namely the new developments that are coming to the region. As part of the New Bali agenda, Jokowi has dedicated more than US $65 million to improving the region’s infrastructure, and he sees the greatest potential in building Lombok’s MICE (Meetings, Incentives, Conventions and Exhibitions) market. He sees the area of South Kuta to become like Bali’s Nusa Dua, which is known for resorts, conventions and large-scale events, such as 2018’s IMF and World Bank summit, that brought more than 15,000 visitors to the shores of Bali. South Lombok will have its largest event to date in 2021 when it hosts the MotoGP, which is expected to draw more than 150,000 spectators to view the race, with a worldwide audience of more than 430million. The 4.32 km street circuit racetrack will wind around the Kuta Beach area, and the total project will span 15 years, and over US $1 billion with improved roads, foundations and utilities, a hotel and a hospital along the track.
Another highly-anticipated project for creating a New Bali or a New Nusa Dua is the Mandalika Resort Project. This is a 1,175-hectare build, that will eventually hold seven hotels with more than 12,000 hotel rooms, more than 300,000m2 of commercial space, a theme park and a water park. Much of the project will also be dedicated to conservation, as part of an agreement for new builds in Lombok to have 51% dedicated ‘green space’ to preserve the natural beauty and cultures of the land. Lombok is part of “The Green Future” for Indonesia, which promotes forward-thinking, environmentally-friendly initiatives such as solar energy farms, and Sea Water Reverse Osmosis (SWRO) plants, which will bring for clean, drinkable water to the Kuta region. These developments are modern and state-of-the-art. They are turning the spotlight onto investment opportunities in South Lombok, putting KHD in a position to be one of the best spots for buying and building on land in the region.
KHD can also take advantage of the improvements for accessibility and infrastructure to the island. There are plans for electric light rail train and cable cars around Mandalika, this is continuing the push for public transportation in developed regions of Indonesia. Additionally, in 2018 the State airport operator PT Angkasa Pura I was given budget that allocated more than USD $14 million in funds for upgrades for expansion to the terminal, and development of the Taxi Way and Drop Zone. This is to allow safe and seamless access and more international flights to arrive at Lombok. AirAsia announced recently the addition of a hub at Lombok, becoming one of five international hubs for the airline in Indonesia. They are now offering daily direct flights from Kuala Lumpur and Perth. SilkAir was already flying direct daily flights from Singapore. Connections to Lombok from Jakarta and Bali are also easy, with those airports having direct flights to major destinations such as London, Amsterdam, Dubai, Bangkok and Hong Kong. The airport is just 20 minutes from KHD, which is just off of a brand new bypass highway.
With the airport renovations and new projects, investment into the Lombok property market is just starting to pick up. As of yet, the land values are affordable and accessible. KHD has over 200 lots, with land sizes ranging from 300 m2 to 10,000 m2. Currently, the land prices start at US $37 m2. The location is 40m above sea level, and above the tsunami line. The KHD team assists with all aspects of the process, from initial investment to finished house, including all necessary contracts and legal documents, in both English and Bahasa Indonesia languages. The KHD community will be a place for entrepreneurs, those with a keen business sense and real estate enthusiasts. South Lombok will transform from a rugged, lush landscape, into a modern, developed region with easy access to the airport, paved roads, public transportation, and world known brands for hotels, restaurants and shops. Now is the time to consider investing into South Lombok, and the KHD 200+ lots are in the best location, and have a great deal of potential. They are within minutes of the biggest events and projects coming to the island. Contact the team at KHD to request a brochure of for more information.