The Islands of Indonesia are known as some of the most beautiful and idyllic places on Earth, which many consider to be a paradise. After the well-known tourism hub, Bali, its neighboring island, Lombok, is on the stage to become the next superstar. Blessed with exquisite white-sand beaches, epic surf, a lush forested interior, and hiking trails through tobacco and rice fields, Lombok is fully loaded with equatorial allure.
Mandalika project is the next big development that the Indonesian government is currently pursuing on the island of Lombok. The development of the US$ 3 billion Mandalika Resort in Kuta Bay, South Lombok is a major driver in increasing land values. The project, which is the largest of its kind in South East Asia, will include luxury hotels, a yacht marina, golf courses, water and theme parks, and a Moto GP race track. Construction of the Pullman hotel is already under way with Club Med, Royal Tulip, Paramount Hotels and X2 resorts all due to start building throughout 2017. The recent opening of Lombok International Airport in 2011 has led to a 200% average annual increase in visitors. Mandalika will be the five-star Asian destination to visit starting in 2018.
The vision of the Mandalika development includes a “green solution” for the infrastructure which, therefore, will be supported by environmentally friendly technologies such as solar power plants, water treatment facilities, electric transportation system, and a greenhouse to grow crops organically.
All of these provide a unique window of opportunity for investors to buy into a market that is on a steep upward curve, yet remains exclusive and available at unbelievable value.
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