Comments on: Funny Aliens: Land for Sale, Invest in your Future in Lombok

By: Chris

Chris — Sat, 14 Aug 2010 13:59:44 +0000

I personally agree with you completely, Troy Barford. But many foreigners do it anyway and they seem to do okay. Others fail miserably. So it’s maybe more a matter of personal risk appetite. Mine and yours seem pretty low.

By: Troy Barford

Troy Barford — Sat, 14 Aug 2010 05:52:28 +0000

Investing in overseas property is often more of a problem than investing locally, there are a million issues to deal with and often it has to be done remotely. Even more of an issue if you are not fluent in the local language. Regardless of how beautiful the place might be I would think twice about it.

Troy

By: Wouter van der Sluis

Wouter van der Sluis — Sat, 07 Aug 2010 03:42:27 +0000

True: don’t buy but rent or lease!
Rent a house for a longer time like a few years or if you want to stay longer lease land and build a house on it.

Renting a house is best cause all the troubles of the house is left to the landlord. And there are a lot of troubles in upkeep. The downside of renting is if you want to stay longer you might have attached yourself to the house and the landlord wants a higher rent or wants it for himself.

When you want a house for a longer time and want your own house you can lease land and build a house on it. That will take you minimum a year, not only in building but get all the permissions in order. It will cost you minimum $ 125,000,-. The maximum you can rent the land is 25 years. The house will cost you $ 1000,- a year plus the upkeep. Thats much cheapre than $ 800/900 renth monthly. And then when everything is in order you can sell the house (overcontract) in those 25 years for the remaining period. At the end of 25 years when you have a good option in the lease you can lease it for another 25 years. When not the house belongs to the owner of the land.

By: Chris

Chris — Sat, 27 Jun 2009 11:41:38 +0000

So how are the prices for land and property developing in Lombok, teguh? And what model would you recommend for foreigner, who would like to invest in Lombok, but are actually not allowed to own land or property following Indonesian laws?

By: teguh

teguh — Sat, 27 Jun 2009 09:06:09 +0000

Property & Land for sale in paradise Lombok

Lombok is indeed a newly discovered paradise for property seekers and investors. This is mainly because of its pristine and immaculate beaches, unbelievable landscape with fantastic views and because of the fact that beach land, villa and home property prices in Lombok are still reasonable and affordable. Many prospective land, villa and house property buyers select Lombok because of the serenity, clear blue waters, white sand beaches and the purity of the Island.

By: ryan

ryan — Wed, 31 Dec 2008 05:21:18 +0000

what ever i love much my country,i agree what JAMES THE PROFESSIONAL ADVENTURE say its true to invest HOUSe in indonesia.you buy cheap when the time you want sell is more expensive,i mean like this you buy 30k and sold it in 3years later you get more 60k.is easy and i agree with BORRIS said TOO.you want success just do the rigth thing and fine a GOOD lawyer.Next month i go to RINCA island for diving and stay in GILI-t for couple days,now i still study in sangapore here much bored.for my indonesia is love you and for you tourist WE WELCOME YOU to relax and happy in my mainland of the colourful diversity of INDONESIA

By: plusi

plusi — Mon, 16 Jun 2008 03:12:23 +0000

At the moment there is big run to buy land on Lombok. The huge company Emaar from Dubai have invested 800 Mio USD in the South of Lombok (Kuta Area) for building a luxury holiday spot. Even Armani Group are buying land in the south of Lombok.
So the prices of land is raising.

I am watching the whole story and at the moment I am not sure to buy some land (it is difficult to find only a small land for around 20000 – 50000 usd!). I think you will have time till end of this year to buy land and resell it with a good profit (investment).

the location is everything. I heard talking that e.g. Senggig will be a 3 star area and Kuta a 5 star area. So check it out by yourself!

By: Around Lombok in 4 days - if you are insane enough | nomad4ever

Around Lombok in 4 days - if you are insane enough | nomad4ever — Sun, 15 Jun 2008 15:53:04 +0000

[...] Funny Aliens: Land for Sale, Invest in your Future in Lombok Jun [...]

By: James The Professional Adventurer

James The Professional Adventurer — Fri, 06 Jun 2008 14:43:09 +0000

The best way to buy land or property in Indonesia is to:

Incorporate a company in Singapore and buy the property in Indonesia with the corporation – its way more complicated than that but it works and is pretty much solid.

I have owned 2 houses and one condo in Indonesia and I currently own a house in Jakarta and beachfront land in Banka Island (I am an American)

Indonesia and the entire 3rd and developing world are great places to invest in real estate for the short and medium term. I bought my first condo in Jakarta for 35K and sold it 3 years later for over 60K

By: Nomadic Matt

Nomadic Matt — Fri, 06 Jun 2008 12:34:39 +0000

In Thailand, they get around that by 1)bribing people or 2)marrying a Thai.

But both are risky….but money talks so I’m sure you can get around the law but, like you said, location, location, location…..lombok is far from everything!