Investments and Luxury Properties in Lombok, Indonesia
Why Invest in Lombok Property and Real Estate
Lombok is an island located in West Nusa Tenggara province, Indonesia, east of Bali separated by the Lombok Strait, and west of Sumbawa Island.
The Indonesian government has designated Lombok as a "priority tourism destination", often referred to by many as the "Next Bali."
Why Buy Luxury Properties in Lombok, Indonesia
The island of Lombok is part of the Lesser Sunda Islands chain with Mataram being the island's capital, and is expanding with Lombok International Airport, and new roads add to the interest from both domestic and international investors.
Compared to Bali, real estate prices in Lombok tend to be lower, and as the area develops, interest is likely to further expand, with land, luxury apartments and villas in Lombok being looked at by investors and high-net-worth buyers from Singapore, United States, China, Australia and Europe.
Indonesia offers foreign investment opportunities including long-term land leases, foreign ownership options via PT PMA companies, and potential tax incentives for tourism development, with a special focus on luxury eco-resorts and private retreats.
If looking at buying a property under a lease for personal use, or investing into luxury real estate, places in Lombok to consider include Mandalika, Kuta Lombok, Gili Islands, Senggigi and Selong Belanak.
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