Last Updated on March 30, 2024 by Yasmina
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Lombok, an island in the West Nusa Tenggara province of Indonesia, has emerged as a prime destination for real estate investment, often drawing comparisons to its famous neighbor, Bali. Its natural beauty, relatively undeveloped landscapes, and the Indonesian government’s focus on promoting it as a tourist and investment hotspot have made Lombok an attractive option for local and international investors.
Here are some of the best areas to consider if you’re looking to buy land in Lombok for investment:
1. Kuta and The Mandalika Project
- Overview: The Mandalika area, with Kuta Beach at its heart, is transforming into a luxury tourism destination, thanks to the Indonesian government and the ITDC (Indonesia Tourism Development Corporation). The Mandalika Project is set to include resorts, hotels, commercial spaces, and a MotoGP circuit.
- Investment Potential: High due to government backing, increasing tourist interest, and the upcoming sporting events that will draw international attention.
- Price Range: Due to its national strategic importance and development plans, prices in the Mandalika area, especially within the designated special economic zone, can be quite high. Land prices can range from $100 to $500 per square meter, depending on the plot’s location and development status.
2. Senggigi
- Overview: Senggigi is Lombok’s traditional tourist hub, offering beautiful beaches, resorts, restaurants, and nightlife. It’s more developed compared to other parts of the island, making it a safe choice for investment.
- Investment Potential: Moderate to high, thanks to its established status as a tourist destination and the availability of amenities that attract both tourists and expatriates.
- Price Range: Senggigi is an established tourist area with a wide range of prices. You can find land priced from $80 to $300 per square meter. Beachfront properties and plots with exceptional views tend to be at the higher end of this range.
3. South Lombok
- Overview: South Lombok, particularly areas around Selong Belanak, Torok Bay, and Mawun, is known for its pristine beaches and scenic beauty. This region is becoming increasingly popular for both residential and commercial developments.
- Investment Potential: High, especially for investors interested in developing villas, resorts, or participating in agricultural ventures, given the area’s natural beauty and growing popularity among tourists and locals alike.
- Price Range: This area is becoming increasingly popular, ranging from $30 to $200 per square meter. The lower end might represent more inland or undeveloped land, while beachfront or near-beach plots command higher prices.
4. Sekotong
- Overview: Located in West Lombok, Sekotong is famous for its untouched beaches and the Gili islands off its coast. It’s less developed than Senggigi but holds potential for eco-tourism and private retreats.
- Investment Potential: Moderate, with a focus on long-term growth. Ideal for investors interested in eco-tourism, private villas, or retreats.
- Price Range: Sekotong, being less developed, offers more affordable options than the more popular areas. Prices can range from $20 to $100 per square meter, with beachfront and near-beach properties at the higher end.
5. North Lombok
- Overview: North Lombok, including areas around Tanjung and the Gili islands (Gili Trawangan, Gili Meno, and Gili Air), offers opportunities for investment in tourism-related ventures and luxury developments.
- Investment Potential: High in the Gili Islands due to their established popularity. Moderate in Tanjung and surrounding areas, with potential for growth as development extends from the more developed parts of Lombok.
- Price Range: North Lombok and the Gili Islands have a broad price range due to the varied interest in these areas. In North Lombok, prices can range from $40 to $150 per square meter, while the Gili Islands, given their popularity, can see prices from $100 to $500 per square meter, especially for prime locations.
6. East Lombok
- Overview: This area is emerging with significant cultural and natural attractions, including Mount Rinjani and traditional Sasak villages. Few tourists explore it, but it has considerable potential for niche markets and eco-tourism.
- Investment Potential: Moderate to high for long-term investments focused on eco-tourism, cultural tourism, and adventure travel.
- Price Range: East Lombok, offering more of an unexplored charm, has land available at $15 to $60 per square meter. This area is ideal for investors looking for longer-term growth and more affordable investment options.
Key Considerations to buy land in Lombok
- Legalities: Before buying land in Lombok, it is crucial to understand local land ownership laws and regulations. Foreigners typically engage in long-term lease agreements or partnerships with local landowners. For more information, read our Complete Guide to Buying Land in Lombok and our blog post about All You Need to Know About Visas Before Investing in Lombok.
- Infrastructure: Proximity to roads, utilities, and other basic infrastructure can significantly affect land value and development potential.
- Tourism Trends: Areas with growing tourist interest may offer higher short-term returns, especially for commercial developments like hotels and restaurants. For more information, read our blog post on the Top 10 Things To Do in Lombok and the 7 best Kuta Lombok restaurants.
- Sustainability: With a global shift towards sustainable and eco-friendly development, investing in projects that respect Lombok’s natural environment could provide long-term benefits.
Buying land in Lombok offers many opportunities, from high-return commercial developments in areas like Mandalika and Senggigi to long-term growth prospects in emerging regions like Sekotong and East Lombok. With its stunning landscapes, increasing accessibility, and government support for tourism development, Lombok stands out as a compelling choice for real estate investors.
About Nour Estates
We started Nour Estates with a simple idea: to make finding your dream land in Lombok as easy and enjoyable as a day at the beach. Our team is a mix of local folks and people from around the world who fell in love with Lombok just like you. We’ve been in your shoes, faced the challenges of buying land here, and learned all the ins and outs. Now, we’re here to share that knowledge with you.
We are here to find you the perfect land to invest in. Contact us today, and let’s start this exciting journey together!