Offering the beauty of Lombok Island in West Nusa Tenggara, Indonesia, Private Sanctuary, a Hong Kong-based real estate developer, is selling its new project called Mandalika View.
Located on a hill in prime location Kuta (pictured), Mandalika View offers spectacular ocean views of Kuta Bay on one side and Grupuk Bay on the other. A proposed golf course will ensure some much-needed tranquillity for a holiday home.
In this 31,480 sqm location, Private Sanctuary is offering 17 plots ranging in size from 1,184 sqm to 2,432 sqm. Plot prices at Mandalika View start from US$96,000 and rise to US$199,350.
Buyers can build their dream two- to five-bedroom, fully furnished villa, starting from US$165,000 for a two-bedroom unit (150 sqm), US$290,000 for a three-bedroom (280 sqm), and up to US$380,000 for a five-bedroom unit (400 sqm).
“Of our 17 plots, as many as four plots have been sold to expatriates,” said Key Amelia, Sales Manager at Private Sanctuary.
She added that as with their previous project, Coconut Creek in Selong Belanak, Mandalika View is also targeting international investors.
Previously, Indonesian President Joko Widodo had agreed to develop the Mandalika Special Economic Zone (SEZ) after being neglected for 20 years.
Tobi Döringer, Co-Founder of Private Sanctuary, said: “The President has agreed to start the development of the Mandalika SEZ in August this year, and to inject Rp1.8 trillion for the construction of its basic infrastructure.”
He further noted the construction of the basic and supporting infrastructure of the Mandalika SEZ required a total investment of as much as Rp36 trillion.
Anto Erawan, Indonesia Editor for PropertyGuru Group, wrote this story and was a guest of Private Sanctuary Limited as part of a media trip.
