TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Will 2016 Be Lombok’s Year?

Category: Hotels, Posted:28 Dec 2015 | 08:59 am

Over the past few year’s Indonesia’s Lombok has caught a decided buzz for hotel and residential development. One of the strong drivers is the international airport which gives it the all important airlift advantage, yes the island has not been able to  captivate the Bali fringe development push which has driven the Island of the Gods. Will 2016 finally be Lombok’s year. C9 Hotelworks and Horwath HTL have released a report called Lombok Hotel and Branded Residences 2015 which will provide a strong update on market trends.

Taking property, over the last five years, there has been substantial growth in the Lombok real estate market. Early hospitality-led residential projects selling condominiums/apartments and villas emerged along with tourism growth and development of hotels in the areas of Senggigi, Mataram, and the Gili Islands.

More recently, the residential development radius has expanded to South Lombok, in particular the Kuta, Selanak Blanok and Sekotong areas concurrent with the airport relocation. Another segment that has experienced traction has been land plot sales. Driven by relatively low pricing points and carrying the potential for significant capital appreciation, it has attracted mainly overseas investors.

Despite growing rapidly, project risk remains an issue in the early stages of the property cycle. Market sales pace this year has slowed as there has been an overhang of reserved unit which did not convert into transactions. Affiliating with branded hotel operators and offering products with the prospect for income and investment values are the key marketing tools for Lombok projects to boost sales performance.

There is currently a mix of both domestic and international buyers in Lombok with Indonesians viewing the property pricing points as lower than South Bali and hence having stronger upside potential. Looking forward, growth in higher quality developments with income potential and the anticipated weakening of Indonesian Rupiah create a optimistic investment outlook for overseas investors.

To download the full report, click on the link below:

http://www.c9hotelworks.com/downloads/lombok-hotel-branded-residences-2015-12.pdf

Other News

Read more

Phuket Lifts Travel Restrictions For Bangkok Travelers

Category: Tourism, Posted:24 Jan 2021 | 20:35 pm Good news. Phuket province has eased travel restrictions for visitors from Bangkok and Samut Prakan to the island. The move effectively removes the 14-day quarantine period. A key catalyst in the policy change has reportedly been expected high levels of travel during the Chinese New Year period next month. Travelers are still required to use […]
Read more

Go Ahead. Get Your Ya-Ya’s Out

Category: Tourism, Posted:17 Jan 2021 | 06:00 am Close your eyes. Go ahead. Remember a time when you were young. The magic as a kid, taking blankets, sheets, or even boxes and creating a fantastical tent or unique crazed getaway in the house. Letting your imagination go wild and take you on a journey to incredible places. Or pitching a tent in the […]
Read more

Is Thailand Ready For Legalized Gambling?

Category: Tourism, Posted:16 Jan 2021 | 13:38 pm Topping Thailand’s economic news are comments by the Prime Minister that he is willing to consider opening up gambling, according to the Bangkok Post. With the Thai economy struggling at funding an economic recovery process that has been under extreme duress by Covid-19, the question now will the pandemic be an accelerator of a long-lasting […]