\nIndonesia\u2019s next premier resort destination is ready to stand on its own<\/p>\n
Located in West Nusa Tenggara, Lombok is increasingly becoming more popular with international tourists, holiday-seekers and property investors. In March 2016, the country\u2019s Central Statistics Agency recorded that foreign tourist arrivals went up by nearly 23 percent, making Lombok the fastest-growing tourist destination in the archipelago.
\nThe area has been designated one of 10 emerging tourist destinations in the country by President Joko Widodo, according to The Jakarta Post. Despite having to deal with cancelled flight routes in previous quarters, the government reported that 18,702 foreign tourist arrivals went through Lombok International Airport.
\n\u201cWith this international airport and the Indonesian government committing to infrastructure by putting in a lot of money towards the roads and water supply, it\u2019s the next step for Lombok, which has always been seen as \u2018the next Bali\u2019 for about 30 years now, but it hasn\u2019t really come to fruition,\u201d says 38-year-old investor Andrew Corkery, managing partner of Indonesian residential resort development, Selong Selo.
\nMore: Regional visitors bet on Lombok\u2019s residential market
\nThe multi-phase project Selong Selo is found 25 minutes from the airport and serviced by newly surfaced road infrastructure. The development has been a hit with foreign investors looking to invest in a high-end residential resort that offers great value for their money.
\n\u201cWe do look at the price comparisons in neighbouring islands such as Bali. In Lombok you get up to 90 percent discount on land value, depending in where you\u2019re looking to invest in real estate,\u201d Corkery and his partners note.<\/p>\n
As of April 2016, more than 75 percent of Selong Selo Residences Lombok have been sold to foreign buyers on a 100-year leasehold tenure \u2013 foreigners aren\u2019t entitled to freehold properties. Most investors are expats from Singapore, Hong Kong, Australia and United States, and the rest are based in Indonesia.
\nSelong Selo offer two collections, which have uninterrupted views of the Indian Ocean. Prices start at USD339,000 for the Kayu Villa Collection (plot and villa), while the bespoke Bale Samar Collection are being sold starting from USD95,000 for a plot.
\nWith its in-house construction team, Selong Selo ensures that all building materials are natural, renewable and completely recyclable to protect Lombok\u2019s serene environment.<\/p>\n
\u201cRight now Bali is just dense and hectic, with the traffic jams and increasing pollution, but in Lombok the atmosphere is more relaxed and quiet. It\u2019s definitely a different experience than Bali,\u201d says Corkery, whose group will also manage all the villas.
Indonesia\u2019s next premier resort destination is ready to stand on its own Located in West...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-12180","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3as","jetpack-related-posts":[{"id":782,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-the-new-year-has-in-store-for-indonesias-key-hotel-markets\/","url_meta":{"origin":12180,"position":0},"title":"What the new year has in store for Indonesia\u2019s key hotel markets","date":"January 5, 2016","format":false,"excerpt":"\r Bali and Lombok have reportedly struggled with occupancy rates\u00a0in the last 12 months Long considered as\u00a0one of Southeast Asia\u2019s\u00a0most treasured tourist destinations, Bali over the years has attracted local, regional and international visitors to its beautiful shores and well-developed infrastructure. Lombok has recently joined the party as an alternative\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/bali-and-lombok-hotel-market-1024x768.jpg?fit=1024%2C768&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":841,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-2016-holds-for-indonesias-key-hotel-markets\/","url_meta":{"origin":12180,"position":1},"title":"What 2016 holds for Indonesia\u2019s key hotel markets","date":"January 5, 2016","format":false,"excerpt":"\r Bali and Lombok have struggled with occupancy rates\u00a0in the last 12 months Long considered as\u00a0one of Southeast Asia\u2019s\u00a0most treasured tourist destinations, Bali over the years has attracted local, regional and international visitors to its beautiful shores and well-developed infrastructure. 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\nThe first villa will be ready in mid-2016. When the entire project is completed in 2019, all residents will have access to the beach club facilities.
\n\u201cWe believe in the next 10 years Lombok will have stronger capital gains, and the reason for that is the area now has premium real estate products. At Selong Selo, we just want to do everything properly, from development to acquisition to management. Indonesia is a difficult place to do business in and we want to get rid of that difficulty for our consumers.\u201d
\nRead next: Lombok, Bali\u2019s promising little sister
\n
\nSource : property-report.com
\nRead more…Lombok doesn\u2019t have to become the next Bali \u2013 here\u2019s why<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"