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

It’s A Tuesday, What’s Up in Thailand

Category: Tourism, Posted:03 Aug 2021 | 10:49 am As the Thailand red zone closures mount, and domestic travel remains challenged, we take a few minutes to bring you some of our new feature videos. August looks to be challenging but vaccinations are continuing and there is light at the end of the tunnel, for now to our readers we say – keep the […]
Read more

Why Is The Phuket Sandbox Important?

Category: Tourism, Posted:02 Aug 2021 | 10:27 am As Bangkok grapples with rising numbers of Covid infections, leading tourism voice KP Ho, Executive Chairman of Banyan Tree Group, has told European envoys, airlines, senior officials and business leaders, that for Phuket Sandbox to succeed it is imperative for Phuket to be given “green” destination status. Speaking at the Phuket Sandbox Summit held at […]
Read more

Direct International Flight For Koh Samui Coming

Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]