Lombok Island is Indonesia’s next tourism and investment hotspot
MotoGP and Mandalika Resort Project are pushing the real estate market into high gear
– Rosalie Dobson
LOMBOK, KUTA, INDONESIA, August 22, 2019 /EINPresswire.com/ – Kuta Beach, Lombok, August 2019 – As Bali shines as one of the world’s top tourist destinations, the neighboring island of Lombok is poised to be in the spotlight, too, and investors real estate take note. Long neglected and almost entirely untouched, Lombok – just like Bali 30 years ago – is a land of rugged natural beauty, rich traditional culture, and a peaceful island way of life. In 2017, Indonesian President Joko Widodo declared Lombok and nine other regions the 10 “new Bali” hotspots in the making. With this, Lombok, and in particular the Kuta Beach region in the south, is poised to enter the global stage with billions of dollars in funding for infrastructure and development, starting with a commercial and hotel project. full-scale Mandalika Resort and MotoGP accommodation in 2021. Real estate values surrounding this market are set to explode, with much of the land currently intact.
Lombok is in the West Nusa Tenggara region and has been a hidden gem, a tropical island paradise away from the crowds, popular for diving and hiking on Indonesia’s second highest volcano – Mount Rinjani. President Jokowi and his Ministry of Tourism see the great potential of the island. Its plans to develop tourism in Indonesia are ambitious, with an agenda to attract more than 20 million international tourists by the end of 2019. The “new Bali” have been selected as destinations where there is already an attraction and with which it can be cultivated. dedicated funding for infrastructure development and overall improvements to access, available services and equipment.
The Ministry of Tourism has pledged over US $ 65 million to develop the MICE (Meetings, Incentives, Conventions and Exhibitions) market of the Kuta Beach area and the potential to host large-scale events, corporate meetings and exhibitions. The first and largest is the Mandalika Resort Project, a $ 3 billion development on the southern outskirts of Lombok. Currently under construction on 1,175 hectares of land, the Mandalika will house 12,000 hotel rooms, with brands such as Pullman, Paramount Resort, Club Med, Grand Mercure Hotel. There will also be 350,000 m2 of retail space, a 78-berth marina, water park and theme park within the destination.
Local governments require new tourist constructions to have 51% of green spaces dedicated to the preservation of the land and culture. With Mandalika, there will not only be an eco-park and green spaces, but also solar energy farms and seawater reverse osmosis (SWRO) plants for desalination and drinking water in the area. Kuta region.
Kuta Beach will also take center stage in 2021, when the region hosts MotoGP, Indonesia’s first world-class racing event in more than two decades. The monumental was signed in January 2019 with Dorna Sports, the operator MotoGP, and construction will begin in October on the 4.32 kilometer street circuit race track that runs through the southern Lombok region. Track construction is a partnership between ITDC and Vinci Construction Grand Projects in France, for a US $ 1 billion contract for a 15-year development of the race track, underground utility system, roads and highways, as well as a hotel and hospital along the route. The race is expected to attract over 150,000 spectators and a global audience of over 430 million.
In just a few years since Jokowi established his agenda, Lombok is well on its way to achieving the goal of becoming a “New Bali”. Access to the island is continuously improving, with state airport operator PT Angkasa Pura I (AP I) allocating more than US $ 14 million in budgetary funds to be used for the modernization of the terminal infrastructure and expansion of Lombok International Airport. In May 2019, AirAsia, the main airline in Southeast Asia, selected Lombok as its new hub and announced new daily direct flights from Perth and Kuala Lumpur, joining flights from Singapore on SilkAir.
KUTA BEACH REAL ESTATE
Land prices in Lombok and are only a fraction of those in Bali Real estate investment in Lombok the clear choice. Access to the island continues to improve. And the place with the most potential and interest surrounds the city of Kuta Beach.
Located just above the beaches and bay of Kuta Beach, lie over 200 lots of lush, undeveloped land on 27 acres. This is Kuta Heights Development (KHD), a private residential community minutes from the shops and restaurants of Kuta Beach. KHD has plots ranging from 500m2 to 10,000m2, ideal for private homes and villas, but also for commercial ventures such as holistic or healing retreats, or small corporate and private getaways, surf camps and yoga. The surrounding landscape is magnificent. There are panoramic sunrise and sunset views, and the modern design of the entire development is committed to being eco-friendly, supporting and preserving the island’s natural beauty. In the development there are extensive green and social spaces overlooking the jungles of Kuta Green.
Not only is KHD’s frame beautiful, it is also practical. The over 200 lots are the closest development to Kuta Beach town and are within five minutes of the modern Mandalika Resort project. It is also just 20 minutes from the airport, right next to a new bypass highway. There is surfing, paragliding, diving, golf and yoga all close by, as well as an international school within walking distance of the entrance to the development. KHD is affordable and accessible, with AA land prices starting at US $ 24 m2 and house construction prices starting at US $ 500 m2.
The highly qualified team of Lombok real estate The experts at KHD can help any investor through the entire buying process, from start to finish. They are well acquainted with the constant evolution lombok property for sale, Indonesian land and property laws, and lots are fully up to date with all permits and allowances, including the secure HGB (“Right to Use Building”), allowing the construction and ownership of buildings on the land , with securities held by Indonesian Citizens and / or entities established under Indonesian law and doing business in Indonesia, including PMA companies.
Lombok land investment