Thinking about buying property in Indonesia? Naturally, one would immediately think of Bali, one of the world’s best tourist destinations as the top choice. However, the next door neighbour, Lombok Island is quickly becoming knows and the next big thing, with prime real estate. Lombok is known for gorgeous rugged landscapes, with white sand beaches, crystal blue waters, lush forests, majestic waterfalls, scenic mountains capes - including Indonesia’s second highest volcano peak, Mount Rinjani. Surfers, divers, honeymooners and adventurers come here to escape the crowds of Bali, to find an untapped paradise. Lombok is reminiscent of Bali, 20 years ago, and it is no less full of wonder, culture, and opportunity. Not to be confused with the Kuta of Bali, Kuta of Lombok is one of the island’s most popular spots. Kuta is a small beach town within the area of South Lombok, which has become a main area for development, due to the region’s location close to the airport, the beaches and a growing number of projects happening there. And within that, lies 200+ lots of land in Kuta Heights Development (KHD), that are prime real estate for anyone looking for land for a home or new business. With support and funding from the Indonesian government, and a major push for infrastructure improvements, Lombok, particularly Kuta, will soon be the location for property and rising values in Indonesia.
President Jokowi sees massive potential in the tourism industry of Indonesia. Up until now, Bali has been the undisputed shining star, but Jokowi and his tourism ministry are pushing attention to other locations throughout the more than 17,000 islands of the archipelago. They have selected 10 “New Bali’s”, which are sites where there is already interest and infrastructure in place, but where significant funding and improvements for access and available services will hopefully bring huge numbers of international tourists. The president announced an ambitious agenda in 2017, and a plan to make tourism the main source of foreign revenues. His administration sees tourism dollars becoming a major part of the country’s future prosperity. With this plan, he set a goal to attract a record 20 million international tourists to Indonesia in 2019. This would double the amount of tourists in two years, from when he announced the plan in 2017. This new plan will see tourism revenue increase dramatically, with forecasts estimating a growth of more than 60 percent to US $20.7 billion over the same period, with the number of jobs nationwide rising to 13 million from 11.8 million.
As part of Jokowi’s plan, the Lombok airport will see continued improvements to allow for better accessibility to the island. In 2018 the nationally-operated division PT Angkasa Pura I (AP I) allocated more than USD $14 million to the airport for upgrades for terminal expansions and renovations, and building of the new taxi way and drop zone. AirAsia recently announced a new hub in Lombok, with daily direct international flights from Kuala Lumpur and Perth. This adds to international flights from Singapore that were already available on SilkAir. Lombok is also an easy connection through Bali and Jakarta, where there are daily direct flights to more than 50 major metropolitan areas, such as London, Amsterdam, Hong Kong, Bangkok, and Dubai. Only 20 minutes from the airport, is Kuta Beach. And KHD is easily accessible, just off a main bypass highway.
Another part of the New Bali plan for South Lombok Jokowi has pledged US $65 billion to the region, with an agenda for it to become like Bali’s Nusa Dua, with large-scale events, world-renowned resorts, with revenues driven primarily by the MICE (Meetings, Incentives, Conventions and Exhibitions) market. To develop the area, they have hired the Indonesia Tourism Development Corporation (ITDC). ITDC is a state-owned company that successfully built Bali’s The Nusa Dua, a 350-hectare tourism and commercial estate on the island’s southeast shores. The largest project for Lombok, with ITDC at the helm is a new resort destination named the Mandalika Resort Project. Mandalika is located in South Lombok, near the popular Kuta Beach. It is a US$3 billion project on a 1,175-hectare plot of land. The development is currently under construction and will be home to more than 12,000 hotel rooms, with leading hotels such as Pullman, Paramount Resort, Club Med, Grand Mercure Hotel. There will also be a 78-berth yacht marina, an eco-park with green spaces, a water park and theme park, and shops for lease within a 350,000-square-meter commercial space. The region’s first major event will be the MotoGP in 2021, on a 4.63km street circuit race course through South Lombok. The race is Indonesia’s first world-class racing event in over 10 years, and it will not only bring a worldwide spotlight to the beauty of Lombok, but it is expected to draw over 150,000 spectators. The Mandalika project and the MotoGP are without question the largest developments to date for the island, and property for sale near the sites will be prime real estate as more world-renowned brands and entities enter the region.
KHD is in the perfect location for Mandalika and the MotoGP. This rapid development, with full government support and funding, will ensure that the infrastructure is in place for building an exclusive community of high-end realty. KHD is within minutes of these projects, and 20 minutes from the airport. It is also just on the hillside above Kuta Beach, the shops and restaurants, with uninterrupted views of sunrise and sunset. The setting is stunning and tranquil, and it is ideal for homes and rental villas, private or corporate getaways, or wellness and holistic retreats. The real estate experts at KHD can help select the plot, the land sizes range from 500 m2 to 10,000 m2, and the AA land prices start at US $24 m2, while home build prices start at US $500 m2. KHD can walk anyone through the process, step-by-step, to ensure that you pick the best lot, and have the necessary permits and licenses. KHD is South Lombok’s best real estate development with over 200+ lots to choose from, to make your dreams of buying property in Indonesia a reality. Contact the team at KHD for a brochure or for more information.