Lombok Island is quickly becoming a hot spot for real estate and development. Major funding from the Tourism Ministry of Indonesia and builds for large scale events, five-star hotel brands and international attention are putting South Lombok into the spotlight, and the area’s infrastructure improvements and property values are growing at an incredible rate. Those looking to invest or buy property or a villa in Lombok should contact the team at Kuta Heights Development (KHD) to discuss the best options. KHD is a private real estate development in South Lombok, just above the popular beach town of Kuta. It is a prime location, being only 20 minutes from the Lombok Airport, and next to the brand new US $3 billion Mandalika Resort project and along the 2021 MotoGP street circuit race track.
KHD is a residential development with more than 200 lots of untouched land, sitting on over 27 hectares of green hillside, overlooking the beautiful beaches and bay of Kuta Lombok. Dreaming of building your own private villa? The KHD lots would be an excellent choice for anyone looking to have a chic private getaway, to start new ventures for surf or yoga camps, wellness or holistic retreats. Each lot has uninterrupted views from east to west, for both sunrise and sunsets. The modern design by world-renowned architects for the entire project focuses on sustainability and the island’s stunning natural beauty. It is a private and secure community, for creatives and entrepreneurs. It’s peaceful, easy-island life, with plenty of activities for those who pursue an active lifestyle. More than 30 surf breaks are within a 30-minute radius of KHD, and in addition there is paragliding, diving, golf, yoga, not to mention the beach walks and restaurants and shops to explore in Kuta. There is also an international school, just five minutes from the entrance of KHD, for families who want to settle in, and stay long term.
The KHD lots are situated on a hillside, with the entire development above the Tsunami Line. It is fully accessible by a paved road, and the lowest blocks are 40m above the sea level. With investment into the island on a strong upward swing, the best time to invest is now. Land sizes range from 500 m2 and up to 10,000 m2. The AA land prices start at a base of US $24 m2. Home build prices start at US $500 m2. KHD also has all necessary paperwork for owning, leasing and building within the parameters of Indonesian law, which can be difficult at times for foreign investors. They can also walk anyone through the entire process from first enquiry, to purchase, and build of the finished villa or venue.
KHD itself is not just a beautiful development on pristine land in South Lombok, but it is also in very close proximity to the major projects happening in the region. World-renowned brands and large-scale events are currently under construction. The first being Lombok’s largest, most-ambitious project to date - the highly-anticipated Mandalika Resort Project. With Mandalika, Indonesian tourism officials are hoping to transform South Lombok, more specifically the Kuta Beach region, into an area much like Bali’s Nusa Dua. Nusa Dua is known for having a high concentration of conference and exhibition centers and five-star resorts, and able to host worldwide conventions with guests from all over the world. The Mandalika is on a 1,175 hectare multi-use plot of land, and the project developers are the Indonesia Tourism Development Corporation (ITDC), a state-owned company that successfully built The Nusa Dua. Within Mandalika there will be 350,000 m2 of commercial space, a yacht marina, an eco park of green spaces and conservation, and an entertainment centre with a water park and a theme park. Also within the development, hotels such as Pullman, an all-inclusive Club Med, Paramount and Grand Mercure will total over 12,000 rooms. The first major event in sight for the region is the MotoGP in 2021, Indonesia’s first world-class event in more than 10 years. Construction is slated to begin in October on the 4.32-kilometer racetrack. For building the Mandalika street circuit complex, the US$1-billion contract is for a 15-year development of the race track, underground utilities system, as well as roads and highways, so that the region can safely accommodate and allow transport for the expected 150,000 spectators. The Mandalika and MotoGP projects will drive billions of dollars of revenue and investment to South Lombok, making Kuta Heights Development one of the island’s most enviable locations for property and land ownership.
The commercial development is not the only improvement and addition for the region. In order to accommodate the increase of tourists and investments, the Tourism Ministry has also pledged more than US $14 million to renovations and expansions at the Lombok Airport. Ease of accessibility and safety is vital to the success of the Mandalika and MotoGP projects and also to the island in general, as Lombok quickly moves into the spotlight. There are plans for expansions of the terminal, the taxi-way and drop zone AirAsia has announced a new hub at the Lombok Airport, bringing its total to five hubs in Indonesia. With this hub, they have also added daily, direct flights from Perth and Kuala Lumpur. International flights already arrive from Singapore on SilkAir. Lombok is also just a short connection from Bali and Jakarta, where there are daily non-stop flights from around the world and cities like London, Amsterdam, Dubai, Bangkok, Hong Kong, and Doha.
All of these projects and improvements are part of President Jokowi’s agenda to see Lombok to become a “New Bali”, and increase international tourists to Indonesia to over 20 million in 2019. With his administration’s support and budget funding, the potential for new projects to come into the pipeline is quite high. The Mandalika and MotoGP are only just the beginning. Investing in property now, and in one of the 200+ lots at KHD would be an opportunity to not miss. Contact the team at KHD for a brochure or to start the process of owning your own villa or plot of land in Lombok.