Lombok is an island located in West Nusa Tenggara province of Indonesia. It is part of the Lesser Sunda Chain, with the Lombok Strait separating it from Bali to the west and the Alas Strait from Sumbawa to the east. With tourism in the region on a phenomenal growth trajectory and a limited supply of high quality Lombok villa and apartments in the region, rental income for well-managed properties is truly astonishing.
While many investors have turned their attention to land banking in recent years, prudent investors are building luxury villas and accommodations to appeal to an increasingly sophisticated tourism market that seeks sophisticated hotels, resorts, and villas. Does your favorite resort self-managed Lombok villas for sale? Wouldn't it be nice to have a free night in your own villa next time and earn double-digit returns at the same time?
Can foreigners and tourists own Real Estate Properties in Lombok?
Lombok is growing rapidly with exceptional annual land and property growth. However, land prices are still very affordable. In comparison, land and real estate prices in Bali are more than 10 times costlier to southern Lombok.
According to Indonesian agricultural law, foreigners cannot legally own land in Indonesia. As tourists from worldwide are shifting their attention to Lombok, it presents a lucrative opportunity for foreign investors to buy land in Indonesia. Hak Milik or land title certificates are not open to foreigners. However, foreigners looking to invest in real estate in Lombok have options. For business purposes, a Hak Guna Bangunan or Right to build certificate is the most appropriate land certificate.
Development in Lombok Prompting Real Estate Growth
Lombok is two hours from Singapore and just 30 minutes from Bali. Lombok is becoming more and more popular these days due to the variety of attractions such as the Gili Islands, Tiu Kelep Waterfall, Kalak Hot Springs, Senggigi, and beaches. Fueled by Lombok's rapid growth, the Indonesian government has chosen this island over several other potential destinations across Indonesia to prioritize economic development.
Lombok already attracts major global luxury hotels and resorts as part of the Indonesian government's tourism development programme. Lombok has attracted many investors from all over the world, especially Jakarta, Singapore, and Hong Kong. These investors recognize the value of the island and its future potential as a premier luxury destination in Southeast Asia. You can expect very high capital gains on land and real estate. Similar to Bali in the early 90s, land and real estate prices are relatively low these days. So many new large-scale developments and international brands targeting the global tourism market are coming to Lombok
Tropik Lombok has a wide network of Lombok villas for sale. Being a top-notch Lombok villa realtor, the company offers comprehensive support to potential property investors. The company feels proud of itself for quality construction at an affordable price and is committed to preserving the natural environment by maintaining an eco-friendly campus. Its objective is to ensure that your investment remains 100% secured. Both ex-pats and locals can invest in Lombok's booming real estate. All of these villas have been specially developed by our experienced management team to give you a high return on investment.
