Choose your apartment.
Receive Due Diligence package:
PT Keeneye documentation
IMB (building permit)
Land certificates
Lease hold agreement / Strata (Freehold)
Payment plan
Management agreement (optional)
Estate agreements
Send through documentation to prepare your contract.
Review and sign sales & management agreements:
Lease/investment agreement
Payment plan
Estate agreements
Payment process
Receive payment details
Send deposit payment
Receive confirmation of deposit payment
Receive confirmation and welcome email
Upon selection of your apartment we will send through due diligence documentation for your review. Upon review of the due diligence documentation, we will prepare your contract and you will select your payment plan and pay the applicable deposit for your apartment. Your apartment is not secured until your contract is signed and your deposit paid.
Yes, 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 it 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 records.
On average, around 1% of the purchase price.
As mentioned above, a 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 for the long term. By engaging with a legal consultant to undertake checks on the property, you can uncover and resolve any potential issues before making 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 / Strata (Freehold). We have very simple and flexible lease agreements that make it easy for foreigners to own an apartment without the need to set up 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 to another 20 plus 30 years, and then the company will apply for a new HGB. After this, the cycle repeats again (30 + 20 + 30 years).
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 for.
Not necessarily. There are different ways for acquiring Kitas: through a PT PMA company, as a retiree over 55 years old, as a digital nomad, as working Kitas sponsored by a company, or as student Kitas.
If you are looking to rent out your apartment short term in the holiday rental pool, we will have a management company for you to use. This will be to ensure all guests receive the same five star treatment across the board. We want all apartment owners and guests to benefit from the high level of service our team will provide.
If you want to rent your apartment out to long term occupants, you are free to manage this yourself, or have an outside manager. We can also assist if need be.
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. If you own a PMA company, there is also the option of signing the agreement using your PMA.
No, the company can transfer payments anywhere in the world.
Lombok is growing fast in terms of tourism and long-term residents. The government is actively promoting 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 16% on investment.
You can also increase your returns by renting the 2-bedroom 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, you can pay your apartment off in line with the development phases.
You can own and live in your apartment.
You can rent your apartment out in our holiday pool for short term rentals. This will maximise your ROI and you will use our management service.
You can rent your apartment out to a long term occupant, either managing yourself, or we will be happy to assist you with this.
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 clay pot air cooling systems, and solar pumping water supply with a biocycle sewage treatment plant, making 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, 25-metre lap pool, residence BBQ and kitchen facilities, games room, cinema, co-workspace, gym, and wellness space. Relax and watch the sun set in our rooftop bar and chill-out lounge areas.
We have 40 years of experience in construction and 14 years developing projects here in Kuta south Lombok.
Historically, pre-COVID, capital appreciation in Lombok has been 20% year over year and has now returned to those levels.
With our market knowledge and 14 years of experience, we believe occupancy rates of 80% 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.
If you choose to buy an apartment for a residence, 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 rises, 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 Mandalika 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 this, 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 the 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.
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 flies between Lombok and Kuala Lumpur with a stopover in Jakarta; and AirAsia connects Kuala Lumpur with Lombok.
The nearest beach, Kuta main beach, is a short 500 meter walk away.
There is no public transportation available, visitors normally choose to rent a scooter or car. There are private taxi drivers available.
There are four main international schools in Lombok: Mandalika Intercultural School in Kuta Lombok, Nusa Alam in Mataram, Anak Alam in Kuta and Wonder School in Kuta.
Various medical facilities can be found in Kuta Lombok, such as Kuta Emergency, Blue Island, and 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 wondrous coral reefs that house an abundance of tropical fish and marine life.
Experience several sports and activities such as surfing, snorkelling, yoga, fitness, scuba diving, golf, trekking, camping, paragliding, rafting, kitesurfing, and 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. There have been direct flights from Doha flagged on Qatar airlines as well as discussions around a direct route from Lombok to Australia. Stay tuned for more information on these flights.
You can also take the fast boat, or vehicle ferry from Bali to Lombok.
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