Lombok land prices: Is now the right time to buy?
Lombok is no longer just Bali’s quiet little sister, and if you are interested in the Indonesian real estate market, you should be aware of this. In the space of a few months, major infrastructure projects were launched and investors began to take a closer interest. Some say it is the perfect time to buy, while others wonder if the hype is justified. But is it?
1. Why are investors turning to Lombok?
For years, Lombok has remained relatively isolated by its famous neighbor. Its clean beaches, rich nature and authentic island charm made it a dream destination for those seeking a more relaxed pace of life. But things are changing fast. The Indonesian government has focused on developing Lombok, notably through the Mandalika Special Economic Zone. This initiative has led to create new resorts, hotels and even the 2025 MotoGP Indonesia, which has brought international attention to the island. New roads were built, Lombok’s international airport expanded and ferry links improved. With all this progress, it is not surprising that land prices are rising steadily.
In the contrary, Bali has for years been Indonesia’s leading destination for property investment. We all know someone who has said one day “I am going to move to Bali and buy a house there”. Many people seized the opportunity in time and invested wisely. However, with prices rising and development saturating many areas, investors have started to look elsewhere. Lombok offers a breath of fresh air, a new alternative for those seeking a more peaceful setting. Today, land prices are still relatively low. The difference is significant: while top-quality land in Bali can easily exceed 920€ per square meter, Lombok’s beachfront plots are still available for 90 to 230€ per square meter.
But it is not just a question of accessibility. Investors are attracted by Lombok’s long-term potential. In contrast to Bali, where overdevelopment has led to issues of saturation and environment, Lombok is still in its early stages of growth. The Indonesian government’s emphasis on sustainable development means that it is possible to build environmentally-friendly projects that harmonize with the island’s natural beauty. For those looking to invest in resorts, luxury villas or rental properties, Lombok offers the opportunity to enter the market before prices climb too high.
2. What should you look out for when buying land?
Buying land on Lombok is an exciting opportunity. However, it is also a more adventurous ground than Bali, with less information and more scams. Therefore, you should be careful to the following points:
- Always verify the land certificate with the National Land Agency (BPN). Indeed be careful, there are many cases of overlapping applications and fake documents, especially in high-demand areas.
- Zoning regulations are also crucial, not all land is designated for building, and some areas are restricted to agriculture or conservation.
- Beyond legality, you should pay attention to practical aspects matter as well. Ensure the land has legal road access and check the availability of electricity, water and internet, as some plots in remote areas lack essential infrastructure.
- Another point to not underestimate is a good community relations. As villages often have unwritten rules regarding land use, engaging with the local Kepala Desa (village head) can help prevent future disagreements.
- Finally, proper due diligence is essential. Working with a trusted notary (PPAT) and legal advisor ensures a secure and smooth transaction. While Lombok offers fantastic investment potential, taking the right precautions can save you from costly mistakes and protect your investment in the long run.
3. Where is the market headed?
While Lombok’s land prices have already increased over the past few years, experts believe we are still in the early stages of the boom. Real estate analysts predict that over the next 5 to 10 years, prices could double or even triple in high-demand areas. The driving factors include continued infrastructure development, rising international tourism, and growing foreign interest in sustainable property investments.
One key trend to watch is luxury eco-resorts and villas. With travelers becoming more conscious of environmental impact, Lombok is perfectly positioned to become a center for eco-tourism. Investors who focus on sustainable construction and green energy solutions are likely to see strong demand in the coming years.
Let’s take a closer look to the range of prices we can actually find in Lombok now. Land prices in Lombok vary considerably depending on location, accessibility and proximity to tourist attractions. Here is a general price range based on recent market information:
- Beachfront plots (Kuta, Selong Belanak, Tampah) → 90 to 230€ per m².
- Near tourist centers and developing areas (Areguling, Tampah & Lancing, Mawun) → 45 to 140€ per m².
- More rural and undeveloped areas → 10 to 45€ per m².
If we take Selong Belanak, the median offered is 73€ per square meter. If we compare this with Kuta, for example, for half the surface area, we are looking at around 110 euros per square meter.
4. Navigating the buying process in Lombok
For those considering an investment in Lombok, it is essential to understand Indonesia’s property laws. Unlike some countries where foreigners can directly own land, Indonesia has restrictions in place. However, there are legal pathways for foreigners to invest safely.
- Most international investors purchase land through a PT PMA (foreign-owned company), which allows legal ownership of commercial properties. Another common option is long-term leases, which typically last 25–30 years with the possibility of extension.
- Working with a reliable real estate agency and a trusted notary (PPAT) is crucial to avoid legal complications. Due diligence is essential, always verify land certificates, zoning regulations, and infrastructure access before making a purchase.
5. Final thoughts: should you invest in Lombok?
Lombok presents a rare opportunity of an emerging market with government-backed development, low land prices, and huge potential for growth. While there are challenges, those who take the time to understand the market and navigate the legal landscape can position themselves for significant returns.
If you are considering investing, the key is acting sooner rather than later. As more people discover Lombok’s potential, prices will rise, and opportunities will become more competitive. At Maju Properties, we help investors find the best deals while ensuring that every legal and financial detail is handled correctly.
Are you ready to explore the best real estate opportunities in Lombok? Let’s make it happen.
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