Foreigners can buy Property in Bali and Lombok, Indonesia. However, there are some restrictions and requirements that must be met. One way to do this is by starting a company in Indonesia that’s owned by foreigners, known as a PT PMA. This company can then legally own land on a lease or even own it outright.

If you want to use the land for business, you should get a special certificate called Hak Guna Bangunan, or Right to Build. This means the land will be owned by your company. Also, if you want to use the land for other reasons, you’ll need a work permit called a KITAS.

Here are some important tips if you’re thinking about buying land in Lombok:

• Make sure to do everything according to the law.
• Don’t rush. Take your time to make the right decision.
• Only deal with people or companies that are reliable and have a good reputation.

It’s also a good idea to talk to a legal expert who knows about property laws in Indonesia to help guide you through the process. We have our own experts in house, so don’t hesitate to contact us for more information.

You can also read our ultimate guide to buying land in Lombok.

Lombok is becoming a great place to invest for several reasons. First, its location is perfect, and it’s full of natural beauty. Plus, the government is really working on making the island’s roads, bridges, and other facilities better. People also like Lombok for its unique culture, growing economy, lots of new houses and buildings, increasing number of tourists, and exciting new projects.

The island’s tourism is booming, and with all the new roads and buildings being made, it’s a great time to think about investing in businesses related to tourism or construction. Lombok is quickly becoming a popular spot for visitors, offering beautiful scenery and a friendly vibe. Getting involved in investment here means you’re joining in on an opportunity that’s just starting to take off, especially in areas that welcome tourists and support the island’s development.

Want to learn more, read our post on why is Lombok is the best place to invest right now. 

According to other development projects in Lombok, building a home in Lombok starts at a cost of $700 per square meter. Some other high-end places offer villa constructions at $1300 per square meter.

In comparison, construction costs in Bali generally fall between $500 and $1,000 per square meter for a standard villa.

These costs can vary greatly depending on the build quality and the materials used, such as luxurious wood or marble.

Additionally, constructing a house in a well-known tourist area can significantly increase the expenses, sometimes even doubling them.

Lombok is emerging as a more attractive investment option than Bali, mainly due to its more affordable and potentially more profitable property investment opportunities. Bali has been facing challenges with over-tourism and excessive investment since 2019, which has impacted its appeal to new investors.