Frequently Asked Questions
Choose your apartment.
Choose your inclusions.
Turnkey package 1
Turnkey package 2
Basement car parking space
Sign letter of intent and pay booking fee (IDR 20,000,000 fully refundable).
Receive Due Diligence package:
PT Keeneye documentation
IMB (Building permit)
Land certificates
Lease agreement
Payment plan
Management agreement (optional)
Estate agreements
Review and sign sales and management agreements:
Lease agreement
Payment plan
Management agreement (optional)
Estate agreements
Payment process
Receive payment details
Send deposit payment
Receive confirmation of deposit payment
Receive confirmation and welcome email
Atrium requests a booking Fee of IDR 20,000,000. The Booking Fee will reserve your selected unit for 2 weeks. The Booking Fee is 100% refundable should you wish not to continue with your purchase.
Yes, once the booking fee is paid, we will send all the contracts to you via DocuSign for you to review. Once you are happy to proceed, follow the steps on DocuSign and return to us, you will then receive your deposit invoice along with payment instructions. Then we will proceed to notarize each document and then send back to you copies for your archives.
On average around 1% of the purchase price.
A notary is a legal professional who has been officially appointed by the government to serve the public as an impartial witness to the signing of important legal documents in Indonesia. They hold a Notary license and are appointed by the Ministry of Law and Human Rights to notarize deeds.
When entering into agreements to lease a property a notary is required to prepare and officiate the documents. Importantly, notaries are impartial witnesses therefore they are not permitted to provide legal advice during a transaction. Their role is to prepare, witness, authenticate and register legal agreements in line with Indonesian Law.
As mentioned above the notary’s role is to officiate legal documents. When leasing a property, they are not obliged to undertake due diligence on your behalf aside from checking the current ownership of the property.
We recommend that you conduct due diligence prior to entering into binding agreements to lease property in Indonesia long term. By engaging with a legal consultant to undertake checks on the property you can uncover and resolve any potential issues before having made commitments. They can also explain the process to you, answer any questions and provide translation services. Typical due diligence checks include checking whether there are any zoning restrictions, unpaid land taxes or access issues with the property.
Atrium will provide all the documentation required to conduct the due diligence process.
With all of our apartments we offer a leasehold agreement. We have very simple and flexible lease agreements that makes it easy for foreigners to own an apartment without the need to setup a company or apply for work permits.
The Leasehold agreement aligns with the company certificate title and the HGB (Hak Guna Bangunan or HGB, the right to build and to own a building). The HGB initial period is 30 years, extendable another 20 plus 30 years, then the company will apply for a new HGB. After this the cycle repeats again (30 + 20 + 30 years).
We are so confident on the delivery of a superbly appointed apartment, that if any buyer is not fully satisfied on completion, we guaranty to buy back the unit at the initial purchase price plus 10%.
Mainly asset maintenance fees, this is to maintain the shared residence facilities.
No specific visa is required to sign the agreement. If you choose to stay for a longer period, there are multiple visa options that you can apply.
Not necessarily. There are different ways for acquiring Kitas: though a PT PMA company, as retirement over 55 years old, as digital nomad, working Kitas sponsored by a company or student Kitas.
Yes, we can provide a full management service that will include booking management, housekeeping, facility management, front office services and facility maintenance.
Atrium will charge 20% commission of the total revenue.
No. As a foreigner you are allowed to sign a leasehold agreement without owning a company. In case you own a PMA company, there is also an option available of signing the agreement using your PMA.
No, the company can transfer payments anywhere in the world.
Lombok is growing fast in terms on tourism and long-term residents, the government is promoting actively this new destination and encouraging businesses to develop providing the right infrastructure.
Based on our experience and the way the market is behaving post Covid, we are conservatively estimating annual returns of 12 to 15% on investment.
With us you will have the amazing option to secure a guaranteed return on your investment of 10% per year for the first 3 years.
You can also increase your returns by renting the 2 and 3-bedroom apartments separately with a clever design to enable external access to each of the rooms, maximizing returns.
The ROI shown is net
Yes, we can. We will use Atrium network to find the best possible offer.
Yes, please refer to our website for more information regarding payment plans.
Buy as residence.
Buy and self-manage (Will include a Front Office fee).
Buy and use full management service provided by Atrium.
Tropical Mediterranean designed Atrium Apartments, with community and eco-friendly considerations, we have designed a superbly appointed environmentally friendly Premium Apartment complex.
Among the main highlights, we have rainwater harvesting, grey water systems, eco hot water, natural claypot air cooling systems, reverse osmosis and solar pumping water supply with a bio-cycle sewerage treatment plant, makes this a very environmentally conscious development.
Residents of Atrium Apartments will also have access to our 1,900 m2 common area facilities, including a large lagoon pool, 25m lap pool, residence BBQ and kitchen facilities, games room, cinema, co-workspace, roof top gym, sauna and Ice bath. Relax and watch the sun set in our rooftop bar and chillout lounge areas.
We have 40 years of experience in construction and 12 years developing projects here in Kuta south Lombok.
Historically pre Covid, capital appreciation in Lombok has been 20% year on year and has now returned to those levels.
With our market knowledge of 12 years of experience, we believe occupancy rates of 75% annually are easily achievable.
Once the apartment is fully paid you are free to choose how to sell it, Atrium is happy to assist in the process using our network.
Yes, if you choose to manage the property yourself, you will have to pay a Front Desk fee and a service charge that will cover housekeeping, check in and check out.
If you choose to buy an apartment for residence or self manage purposes, yes, family and friends can stay at the apartment at your discretion.
Lombok’s location, population, culture, economy, new projects, tourism, and real estate make it an excellent investment opportunity for foreign investors. Here are the most crucial factors that showcase the strength of the island.
The geographic location of Lombok
Lombok is an Island situated in the West Nusa Tenggara province of Indonesia. It is one of the most beautiful islands in the region, which only adds to its attraction for people from both within and outside Indonesia.
Tourist demands
Another reason why foreigners are investing in Lombok is because of the volume of tourists visiting the island every year. Reports indicate that the MotoGP Race alone brought 65,000 new visitors to the Island, while it is estimated that approximately 1 million tourists visit Lombok each year. As the number of tourists rise, according to the NTB tourism agency the island only has enough hotels, villas, and homestays to accommodate 24,000 people.
International Street Circuit
The International Street Circuit is located in the Madalika resort area. It measures 4.3 km in length and has already hosted rounds of the Asia Talent Cup and Superbike World Championship in late 2021. The MotoGP World Championship was also held at this circuit in March 2022.
Development projects are further improving tourist experiences
Lombok’s Mandalika Development Project aims to create luxury tourism in Lombok, similar to Nusa Dua, Bali. The Mandalika project has been assigned to the Indonesian Tourism Development Corporation, the same organization that contributed to the transformation of Bali. Given the government’s drive for tourism enhancement, investing in Lombok is on the precipice of becoming as lucrative as investing in Bali.
Economic zone incentives for investments in Lombok
Indonesia introduced the Special Economic Zone model in 2000. In the past, there was only one Free Trade Zone (FTZ) across the whole country, located in Batam, which is close to Singapore. Through the, Lombok now receives numerous SEZ incentives, including tax and non-tax benefits. For investments exceeding US$ 1.2 Million, SEZs offer tax breaks up to 50%, lasting for five years. This tax break can be further extended for 20 years.
Lombok’s geographic location makes it ideal for tourists
Lombok is two hours away from Singapore and only half an hour away from Bali. Due to various tourist attractions like Gili Islands, Tiu Kelep waterfall, Kalak hot springs, Senggigi, and beaches, Lombok has been gaining much popularity recently. It is now referred to as the “next Bali” for surfers, holidaymakers, beach-lovers, travelers, and investors.
Ease of access
The Zainuddin Abdul Madjid Lombok International Airport recorded a 74% growth in passenger traffic during the first quarter of 2022 when compared with Q1 of 2021.
There are several domestic and international flights connecting Lombok to the rest of Indonesia and the world. Silk Air connects Singapore to Lombok, Garuda Airlines that fly between Lombok and Kuala Lumpur, with a stopover in Jakarta, and Air Asia connects Kuala Lumpur with Lombok.
Garuda Indonesia, Citilink, Lion Air, Wings
The nearest beach, Mandalika, is a short walk away no more than 10 minutes.
There is no public transportation available, visitors normally choose to rent a scooter or car. There are private taxi drivers available.
There are 2 main international schools in Lombok, Mandalika Intercultural School in Kuta Lombok and Nusa Alam in Mataram.
Various medical facilities can be found in Kuta Lombok such as Kuta Emergency, Blue Island & International medical Service. Bigger hospitals are generally found in Mataram, 60 minutes from Kuta. The main hospitals are Harapan Keluarga Hospital, Siloam Hospital and RISA Sentra Hospital.
Explore the many restaurants around the island, the local culture, beautiful beaches and small islands, volcanic mountains, stunning waterfalls, rice fields and wonderous coral reefs that house an abundance of tropical fish and marine life.
Experience several sports and activities such as: surfing, snorkeling, yoga, fitness, scuba diving, golf, trekking, camping, paragliding, rafting, kite surf, motocross among others.
Located directly East of Bali, a short 30-minute flight will take you to Lombok Island. It is simple to get to this tropical paradise thanks to direct flights from nations like Singapore and Malaysia. Air Asia is announcing direct flights from Sydney, Brisbane, Melbourne and Perth to come online later this year.