A quick guide to buying Land or Property in Lombok
Looking to Buy Land or Property in Lombok?
You're in luck! Purchasing land or property in Lombok is totally doable, and we're here to make it a breeze for you.
Here's the scoop on Lombok Real Estate When it comes to buying land or property in Lombok, there are a few key things to keep in mind:
Prime Locations: Whether you're eyeing beachfront property or lush inland plots, Lombok has something for everyone.
Legalities: Understanding the local regulations and laws regarding property ownership is crucial. Don't worry, though – we've got you covered every step of the way.
Options Galore: From buying land to investing in ready-to-move-in properties, Lombok offers a wide range of options to suit your needs.
Investment Potential: With its booming tourism industry and growing economy, investing in Lombok's real estate market can be a smart move for the future.
Expert Assistance: Navigating the ins and outs of buying property in Lombok can be overwhelming, but we’ve done it all before and can guide you through the process.
Ready to make your dream of owning property in Lombok a reality? Let's get started!
What you need to know about Indonesian real estate laws:
There are a few ways foreign nationals (WNA) can own and buy real estate in Indonesia:
Invest in property through a PT PMA
Buy leasehold property
Buy under a Hak Pakai title
Buy under a Hak Guna Bangunan title
Buy with a passport
Buy through an Indonesian nominee
Exploring Property Investment Options in Lombok
Establishing a PT PMA: Investing in property through a PT PMA (Perseroan Terbatas Penanaman Modal Asing) is a popular choice among foreign investors eyeing Lombok. This foreign-owned company can engage in business activities and acquire land or property in Indonesia. Through a PT PMA, foreigners can secure freehold or leasehold property, making it one of the safest routes for property ownership in Indonesia. Moreover, setting up a PT PMA provides the opportunity to obtain an Investor KITAS, a two-year residency permit.
Setting up an Indonesian PT PMA typically takes six to ten weeks, with costs ranging from IDR 15 million ($945) to IDR 35 million ($2,205). Legal experts in Indonesia can assist in the establishment process. Additional land titles and certificates may be necessary for utilizing, developing, or renting property acquired through a PT PMA. The Hak Guna Bangunan (HGB) title is particularly essential for PT PMAs, as it grants permission for constructing and owning freehold property on leased land.
Leasing Property: Another avenue for foreigners to acquire property in Lombok is through leasehold agreements. This arrangement grants individuals or legal entities the right to own and utilize real estate for a specified duration, typically 25 years with the option to extend for further periods, often up to 80 years. Opting for leasehold property can be a cost-effective choice compared to freehold ownership, making it an attractive option for many investors. Many foreigners utilize a PT PMA to lease land and subsequently develop properties for residential or commercial purposes.
