Visualisation of the Aregulin Estates villas facing the sea, South Lombok
Investment · Aregulin Estates

A villa to enjoy Lombok.
An investment to study with perspective.

A home facing Are Guling bay to spend seasons in, and a decision that deserves documents: what official sources say about Indonesia, West Nusa Tenggara and Mandalika, how to read the real economics of a villa, and what must be in writing before signing.

01 · Why assess Lombok

From the general to the specific:
four scales.

The thesis reads from the outside in. Indonesia as an economy attracting investment; West Nusa Tenggara as a tourism province with its own statistics; Mandalika as a defined area with cumulative investment and measurable activity; and Are Guling as the bay west of Kuta where the project sits. Each scale gives context to the next, but none guarantees the outcome of a villa.

Scale 1 · Indonesia

Realised investment growing

The national figure for the first half of 2026 shows year-on-year growth and a near-even split between foreign and domestic capital. It is macro and multi-sector: it speaks about the country, not about Lombok real estate.

Scale 2 · NTB

A province with its own measurement

West Nusa Tenggara's official statistics publish monthly hotel occupancy. They cover Lombok and Sumbawa and measure hotels, not villas: a thermometer, not a direct benchmark.

Scale 3 · Mandalika

A defined area with activity

The zone managed by ITDC accumulates investment, operating businesses, visits and measured occupancy. It is a specific perimeter next to Kuta; its regime and incentives belong to the zone, not to the whole coast.

Scale 4 · Are Guling

Eleven villas in one bay

Aregulin Estates lies in Are Guling bay, west of Kuta, within Mandalika's area of influence. It takes part in the context at a small scale, with its own schedule and its own documentation.

What follows are figures with date, scope and source. They can be read as favourable signals; they should not be read as results of Aregulin Estates or as a promise of returns.

02 · Documented indicators

Official figures,
each within its scope.

Six indicators from three public sources, consulted on 12 October 2026. Each card states period, unit and the universe measured. Comparisons are with the same period of the previous year where the source publishes them.

Indonesia · realised investment · January–June 2026 · BKPM
IDR 1,010.6 trillion
IDR trillion (10¹²) · +7.2 % year on year · all sectors, nationwide
Foreign (PMA) · IDR 507.6 tn · 50.2 %Domestic (PMDN) · IDR 502.9 tn · 49.8 %

A macro, multi-sector figure: it describes the Indonesian economy as a whole, not real-estate investment in Lombok. Due to rounding, the two components add up to 1,010.5.

Mandalika SEZ · cumulative to end of 2025 · ITDC
IDR 6.018 trillion
Cumulative investment in the zone · 27 businesses operating as of December 2025

A historical cumulative figure for the Mandalika zone, not an annual flow and not a figure for all of Lombok.

Mandalika SEZ · January–April 2026 · ITDC
285,003
Visits to the zone in four months · average stay 2.33 days (1.96 in the same period of 2025)

Visits to the Mandalika zone, not to Are Guling or to villas. Average stay refers to hotels in the zone.

Mandalika SEZ · average hotel occupancy · January–April · ITDC
44.57 %
January–April 2026 versus 41.55 % in January–April 2025 · +3.02 percentage points
Jan–Apr 202541.55 %
Jan–Apr 202644.57 %
0–100 % scale · hotels in the Mandalika zone · not transferable to villa occupancy
NTB province · hotel occupancy · July 2026 · BPS
51.54 %
Star-rated hotels · +1.62 points year on year · non-star hotels: 32.54 %

Figure for the month of July 2026 for the whole province (Lombok and Sumbawa), referring to hotels, not villas.

03 · Timeline

What is operating,
what is signed, what is on offer.

In a developing area it helps to separate three states: what already works, what has a signed agreement, and what is presented as an opportunity. Mixing them is the most common mistake when reading a destination. The location page places each site on the map.

OperatingAgreement signedOpportunity · planning
As of Dec 2025Mandalika zone

27 businesses operating in the Mandalika SEZ

Hotels, services and the international circuit already running within the ITDC-managed perimeter, with cumulative investment of IDR 6.018 trillion at the end of 2025.

Operating
30 Mar 2026Mandalika

Opportunities presented: Golf Resort Community, Tanjung Aan, Eastern Adventure

ITDC presented SEZ tax incentives and integrated infrastructure to attract investment to three development areas. They are announced opportunities: an announcement of this kind is not the same as confirmed execution.

Opportunity
2026Mandalika circuit

International circuit in operation and the Indonesian Grand Prix

The circuit hosts international events; for the 2026 Grand Prix ITDC announced a camping ground for spectators, with opening planned for 8 October; it is an announcement, not a check of actual opening. The calendar changes every season and is checked at the official source.

Operating
ProjectAre Guling · west of Kuta

Aregulin Estates · eleven villas at Are Guling

Three Islands Group's own project west of Kuta, with its own status and schedule: consult the dossier and each unit's documentation; the villas page summarises them.

Own project
04 · Potential demand

Who might rent
or come to live.

Four segments as marketing hypotheses, not measured shares. They help think about the villa, the season and the management. How much of that demand reaches Are Guling will depend on the factors listed below.

Segment

Families

One- or two-week stays during school holidays. They value bedrooms, a private pool, a kitchen and a quiet base with Kuta nearby for dinner.

Fits Rinjani and Sangiang · season driven by school calendars
Segment

Couples

Getaways and honeymoons. They look for views, privacy and design; the villa competes with boutique hotels in the area.

Fits Mandalika and Sangiang · shorter stays, more turnover
Segment

Surf and sport

Groups and couples who build the trip around the sea. Are Guling is an intermediate-to-advanced spot; demand follows the wave calendar.

Usual window October–April · see the sports guide
Segment

Quiet stays

Long seasons, remote work, retreat. They prefer quieter months and value reliable services and connectivity.

Lower rates, more nights · can help fill nights of lower demand

Season

Dry and wet seasons, school holidays in source markets and surf windows change occupancy month by month.

Events

The Grand Prix and other circuit events concentrate demand on specific dates; the rest of the year does not look like those weeks.

Connectivity

Air routes into Lombok airport and sea links with Bali determine who can arrive and how easily.

Competition

Villas and hotels in Kuta, Mandalika and the neighbouring bays, including projects under agreement or in planning.

Management

Who operates the villa, on which channels and to what standard explains much of the difference between two identical villas.

05 · The product

Eleven villas,
three models.

Aregulin Estates brings together eleven units of three models, Mandalika, Sangiang and Rinjani, on the hillside overlooking the bay. Areas, plans and list price for each plot are on its sheet; the updated individual proposal is sent after a first conversation.

Indicative structure

How the purchase is structured

The sales dossier outlines, indicatively, a structure with separate contracts for the land and for the construction, with progress certificates that sequence payments. That is the general logic of the project; the specific terms of each unit are set in its individual documentation.

The specific conditions are read in each unit's proposal. The due-diligence section lists everything that proposal and the contract should spell out so the decision is taken with complete information.

Own use

Second home or long stays. No rental income; maintenance, staff and utilities borne by the owner. The decision rests on enjoyment and on long-term value expectations.

Holiday rental

The villa is operated as holiday accommodation through professional management, with whatever authorisation applies. Income depends on occupancy, rate, season and channel.

Combined

Own use in the weeks you choose and rental for the rest of the year. Every night you use is a night not rented, and it is worth deciding before running the numbers.

06 · The real economics of a villa

From gross income
to what remains.

The outcome depends on decisions you have not yet made and on a market still taking shape. The line items below organise the calculation each buyer builds with the estimated-cost sheet for their model.

=
Potential gross incomeAvailable nights × occupancy × average rate, by season and channel. Own-use nights are deducted from available nights before anything else.
·
OccupancyAlready built into the line above: it reflects low season, lead time, competition and positioning, especially in the first years. It is not deducted twice.
−
Management and platform feesThe operator managing the villa and the booking channels each stay comes through.
−
Cleaning and staffCleaning between stays, laundry, gardening, pool and, if offered, service staff.
−
UtilitiesElectricity (air conditioning and pool weigh heavily), water, internet, gas and waste collection.
−
Maintenance and replacementSalt air, humidity and intensive use speed up wear; an annual reserve for repairs and equipment renewal is advisable.
−
Insurance and taxesProperty and liability insurance; taxes on ownership and on rental income according to the structure chosen.
±
Exchange rateIncome in rupiah or foreign currency, costs in rupiah, capital from another currency: exchange-rate movement enters the result.
=
Annual operating resultBefore considering the long-term value of the asset, exit costs and the tax on a future sale.
Schematic without figures. Estimated operating costs for each model are provided in the individual sheet.

Two ideas organise the reading. First: own use limits rentable nights, and does so on the dates you would normally want to be there, which usually coincide with high season. The more the villa is used, the less its economics resemble a pure rental.

Second: in a seafront villa, maintenance is not a minor item. Climate and intensive use shorten the life of joinery, equipment and textiles; an annual reserve stops a good occupancy year from becoming a bad cash year.

The occupancy references for Mandalika and the province shown above describe hotels in other perimeters. They are useful for understanding the destination, not for filling in the first line of this schematic.

Hotel context: documented indicators · Rental management: services
07 · Process and due diligence

Check thoroughly
to decide calmly.

Due diligence is not a wall: it is the list of what should be seen in writing before signing. Three Islands Group provides the project documentation and coordinates with a local firm; the independent review is done by the adviser each buyer chooses.

01

Title, encumbrances and boundaries

Who holds the land, under which right, what encumbrances are recorded and how the plot is delimited on the ground and on the plan. Road access and easements.

02

Planning and permits

Permitted land use, building licences and, if rental is intended, what authorisation that activity requires and who must obtain it.

03

Contracts, milestones and quality

Which documents are signed, what each includes, how construction milestones are certified, which specification applies and how deviations are resolved.

04

Natural risks, insurance and infrastructure

Coastal and seismic exposure of the region, insurance cover available, electricity supply, water and connectivity at the plot.

05

Liquidity and exit costs

How the acquired right is transferred, to whom, with what taxes and timelines. A young market has fewer resale references than a mature one.

06

Management

Who will operate the villa, under what contract, fee and standard, and what happens with own use, maintenance and owner reporting.

The individual proposal

What it must spell out in writing

Before reserving, the proposal and the contract for each unit should specify these points. If any is missing, ask for it.

  1. Right acquired and its durationType of right, term, extensions and under which conditions.
  2. Unit and planIdentified plot, plot and built areas, orientation and access.
  3. Scope of equipmentWhat is delivered: finishes, installations, furniture, landscaping, pool.
  4. Price, currency, taxes and costsWhat the price includes, in which currency, which taxes and fees fall on each party.
  5. Schedule and reservation conditionsAmounts, dates, what happens if it does not proceed and in which cases it is refunded.
  6. Construction milestones and handoverHow each milestone is certified, handover forecast and treatment of delays.
  7. Management and own useIntended operator, conditions, and how the owner's weeks are booked.
  8. Supporting documentationTitles, licences and permits backing the above, for the adviser's review.
General framework

In Indonesia, the acquisition of housing by foreign nationals is regulated and depends on the type of right and the requirements set by law. The right of use (Hak Pakai), the right to build (HGB) and lease contracts are distinct from one another and do not amount to full personal freehold, nor do they carry an implicit commercial operating permit.

Which figure suits each buyer, for how long and with what tax treatment is decided with a notary/PPAT and an independent adviser. The Mandalika SEZ is a perimeter with its own regime: its incentives do not extend to the rest of the south coast by proximity.

References: PP 18/2021 (official text) · DJP · tax aspects of transfers by foreign nationals. This page is informative and does not constitute legal or tax advice.
Frequently asked

What people usually ask us.

Can a foreigner buy a villa in Lombok?

Yes, through the figures Indonesian law provides for foreign nationals, with requirements that depend on the right chosen. Which one suits is decided with a notary/PPAT and independent advice; the individual proposal details the specific structure of each unit.

Do you publish expected yield or occupancy?

No. The project and the area are both developing; any figure would be an estimate with no operating track record of our own. We share official indicators with their scope, the line items that determine the outcome and estimated costs per model so each buyer can run their own numbers.

Do the Mandalika figures apply to Aregulin Estates?

They describe the context. Mandalika is a perimeter managed by ITDC next to Kuta, with its own regime; Are Guling is a different bay, west of Kuta. The zone's occupancy or investment are not results of the project and do not carry over to a villa.

What does the price of a villa include?

Whatever the individual proposal for each unit specifies: scope of works and equipment, taxes and costs for each party, schedule and conditions. The specific scope is the one in each villa's document.

When are the villas delivered?

The project's schedule and forecast are set out in the dossier and summarised on the villas page. The date and the treatment of possible delays are set in each unit's documentation; it is a forecast, not a guarantee.

Does signing the purchase allow me to rent the villa out?

Not automatically. Holiday rental is an activity with its own authorisation and tax treatment, separate from the right over the property. The proposal should clarify what is required and who handles it.

How does the 17 % founder condition work?

It applies to the first four villas signed, on the list price of any model, and is set out in the reservation contract. Availability and conditions are confirmed at the time of enquiry.

Sources

Documents consulted.

Primary sources with publication date, the period they refer to and their scope. Consulted on 12 October 2026. Links open the original document.

  1. BKPM · Investment realisation, first half of 2026 — press release of 17 July 2026 · period January–June 2026 · Indonesia, all sectors.
  2. ITDC · Positive investment climate in The Mandalika — release of 24 May 2026 · cumulative to end of 2025 and period January–April 2026 · Mandalika zone.
  3. BPS NTB · Tourism developments, July 2026 — bulletin of 1 September 2026 · month of July 2026 · West Nusa Tenggara province, hotels.
  4. ITDC · Tax incentives and integrated infrastructure in the Mandalika SEZ — release of 30 March 2026 · investment opportunities at the planning stage.
  5. PP 18/2021 and DJP · tax aspects — general legal and tax framework on property rights of foreign nationals in Indonesia.
  6. ITDC · Camping ground at the 2026 Indonesian Grand Prix — release of 4 September 2026 · Mandalika circuit · announced opening planned for 8 October.
Figures are cited with their period and scope; they have not been combined into series or extrapolated to Are Guling.
Next step

An individual proposal,
with everything in writing.

After a first conversation we send the updated proposal for the unit you are interested in, with the points from the list above, the estimated-cost sheet and the project documentation. For those looking for a home and for those assessing an investment, the document is the same.