Essential Tips for Expatriates Investing in Lombok Real Estate

Investing in Lombok's real estate market offers lucrative opportunities, but it's crucial for expatriates to navigate the local nuances and regulations wisely. Here are some essential tips to consider that have been curated by none other than our founder, Mr. Jean Marc:

1. Prioritize Due Diligence?

Whether you're familiar with the seller or have a friendly relationship with an agent, due diligence is non-negotiable. Thoroughly research the property's history, ownership, and any potential legal complications. Engage professionals to assess the property's legitimacy and verify ownership documents.

2. Mind Government Setbacks for Beachfront Land

Investing in beachfront property is a dream, but it comes with specific challenges. Be aware of government-mandated setback regulations that dictate how close to the shoreline you can build. Understanding these regulations is vital to avoid future disputes and ensure your investment complies with the law.

3. Strategic Approach to Hillside Investments

Purchasing land on a hillside offers breathtaking views, but it also entails risks. Consider the potential for obstructed views due to neighboring developments. To maximize the usable space, work with architects and consultants who can help you design intelligently while safeguarding your investment.

4. Distinguish Between Notaries and Lawyers

When dealing with property transactions, it's important to understand the roles of notaries and lawyers. Notaries primarily handle the transfer of property titles, while lawyers provide legal advice and can assist in reviewing contracts. Clear this distinction to ensure a smooth and legally sound transaction.

5. Leverage PT PMA Companies for Land Ownership

Foreigners can own land in Indonesia through PT PMA (Perseroan Terbatas Penanaman Modal Asing) companies. These companies have specific obligations to develop the land within a defined timeframe. While this route allows land ownership, compliance with development regulations is essential to maintain ownership rights.

In summary, We sincerely hope that these insights empower your investment pursuits. Remember, the path to success is as unique as your vision. If you find yourself seeking further guidance or assistance, please don't hesitate to reach out to us. Your aspirations are important, and we're here to help you transform them into reality.