Buying property in Gili Trawangan, Gili Air, or Gili Meno: A guide for foreigners

Buying property in Gili Trawangan, Gili Air, or Gili Meno can be a good investment, considering the large number of tourists that visit the Gili Islands each year. Besides being an ideal destination for property investment, the Gili Islands are also a perfect place to buy a holiday home. However, buying property in Gili Trawangan, Gili Meno, or Gili Air might be more challenging than in Bali or Lombok, considering the accessibility. This guide explains everything you must know about buying real estate on the Gili Islands.

How can foreigners buy real estate on the Gili Islands in Indonesia?

Foreigners can buy real estate on the Gili Islands in Indonesia by following the rules and regulations regarding foreign property ownership. Although foreigners can’t obtain full property ownership in Indonesia, which only Indonesian nationals can under the Hak Milik (HM) title, they can still buy property in Gili Trawangan, Gili Air, or Gili Meno through several other ways:

• Leasehold: Leasehold agreements usually last 25 or 30 years and allow foreigners and PT PMAs to invest in property for residential and commercial purposes.
• PT PMA: Through a PT PMA, foreigners can invest in property in Gili Trawangan, Gili Meno, or Gili Air to generate rental income and qualify for a two-year Investor KITAS.
• Hak Pakai (HP): Foreigners holding KITAS or KITAP can purchase specific properties under the Hak Pakai title. This option may also enable them to qualify for the Second Home ITAS, valid for five or ten years.
• Hak Guna Bangunan (HGB): This title permits foreigners to construct and own buildings on land owned by an Indonesian individual, entity, or state.
• Passport: As of 2023, the Indonesian government has allowed foreigners to buy property in Gili Trawangan, Gili Air, and Gili Meno using just their passport. However, this way is subject to certain investment thresholds and land size limits.

The best method to buy a property depends on personal circumstances and the purpose of the purchase. Most foreigners opt for a leasehold, as this method requires the most minor paperwork and no hassle. Both foreign individuals and PT PMAs can buy property through a leasehold agreement. Those who intend to buy property for business purposes, such as property rentals or opening a restaurant or bar, can purchase or lease through a PT PMA, giving them the right to conduct business on the Gili Islands.

Finding property for sale in Gili Trawangan, Gili Meno, or Gili Air

Gili Trawangan, Gili Meno, and Gili Air are remote islands between Bali and Lombok. Although all three islands are considered small, finding a plot of land or a villa to buy on the Gili Islands can be challenging. Still, there are several ways to conduct your search for property in Gili Trawangan, Gili Meno, or Gili Air:

1. Property websites: Almost all properties for sale on the Gili Islands are listed on property websites, making it easy for buyers to find a property that caters to their needs, requirements, and wishes.
2. Real estate agencies: It can be smart to contact a local real estate agency with land plots and villa listings for sale in Gili Trawangan, Meno, or Air. They can guide you in finding the right property and assist you during the property purchase process.

You don’t have to search for property on the Indonesian Gili Islands alone. Own Property Abroad is here to assist you. For further information on how we can help you during your property search, kindly email us at [email protected].

Property prices on the Gili Islands

Even though Gili Trawangan, Gili Meno, and Gili Air are small, all islands are still famous among foreign investors. Several property types are for sale, from houses and villas to commercial buildings and land plots. Below is an overview of the average property prices on the Gili Islands.

Property investment on the Gili Islands

The Gili Islands might be the perfect destination for your property investment. Over the last few years, many foreigners have generated a high return on their investment through property rentals and appreciation on the Gili Islands. There are several reasons why Gili Trawangan, Gili Air, and Gili Meno are the perfect destination for real estate investment:

1. Tourist attraction: Many tourists who visit Bali or Lombok will also visit the Gili islands. As the Indonesian government expects the tourist numbers to keep rising over the following years, real estate investment on the Gili Islands might be a good choice.
2. Unique islands: There are no islands that are like the Gili Islands. The islands are unique, and investing in property in Gili Trawangan, Gili Meno, or Gili Air lets you be part of these tropical islands.
3. Limited space: All three islands are small, and there is limited space, which offers opportunities for property appreciation.
4. Close to Lombok and Bali: People can reach the Gili Islands by boat from Bali and Lombok, which makes the islands very accessible. There is also a helicopter transportation service between Bali and Gili Trawangan.

How to choose between Gili Trawangan, Gili Meno, and Gili Air?

When considering purchasing property on the Gili Islands as a holiday home or for rental purposes, it’s essential to understand the unique characteristics of each island: Gili Trawangan, Gili Meno, and Gili Air.

Gili Trawangan: Busy, lively nightlife, and many tourists

Gili Trawangan, the largest and most developed of the three islands, is famous for its vibrant nightlife, bars, restaurants, and entertainment options. The island is ideal for property investment in busy tourist hubs, offering higher rental yields due to its popularity. However, Gili Trawangan might not be suitable for those looking for peace and quiet.

Gili Meno: Quiet and romantic island for couples

Gili Meno is the smallest and quietest island, perfect for couples seeking a tranquil retreat. The serene environment and fewer tourist facilities create a private and intimate setting. Properties in Gili Meno attract a niche market of holiday-goers seeking seclusion and tranquility.

Gili Air: Developed and quiet island for families

Gili Air is a well-balanced island between Gili Trawangan and Gili Meno. It’s developed but not too busy, making it ideal for a relaxed atmosphere with necessary amenities. It’s popular with families and those who prefer a laid-back island experience. Investing in Gili Air property will tap into a market that values a quieter holiday spot with access to facilities and activities.

How to make your choice?

When choosing which Gili Island to invest in, consider your target market and personal preferences. Are you aiming to rent to party-goers, romantic couples, or families seeking a relaxed vacation? Each island caters to a different crowd, and understanding this is critical to making a successful investment. Consider visiting each island to get a firsthand feel for the atmosphere and what each has to offer. This experience can be invaluable in making your decision.

How to start villa rentals on the Gili Islands?

Foreigners can start villa rentals on the Gili Islands if they possess the right licenses and certificates. Villa rentals can be done both with and without a PT PMA. It’s essential to obtain a Pondok Wisata license, which allows renting out property in Gili Trawangan, Gili Meno, or Gili Air to tourists or long-term guests.

Property management in Gili Trawangan, Gili Meno, and Gili Air

Good property management plays a vital role in your property rental’s success. Several property management companies offer services for property in Gili Trawangan, Gili Meno, and Gili Air. These companies provide services such as booking and reservation management, marketing, guest communication, maintenance and cleaning, and financial management.

Although it’s possible to manage your property yourself, there are many reasons to work with a property management company on the Gili Islands. Their expertise can help receive more guests, increase occupancy, and ensure shorter vacancy cycles. The company performs all tasks, from property cleaning to communicating with guests.

Selling property on the Gili Islands

Do you want to sell your property in Gili Trawangan, Gili Meno, or Gili Air? Locals and foreigners can sell their property by following these steps:

1. Prepare the property: To attract potential buyers, clean, repair, and stage the property. Hire a professional photographer to improve the property’s appeal.
2. Set the right price: Ensure you set a competitive price based on market research.
3. List your property on marketplaces: You can list your property on several social media platforms and real estate websites, such as our property marketplace. Email us at [email protected] for personal assistance.
4. Prepare legal documentation: Prepare all necessary legal documentation, such as the title deed and transfer agreement. Work with a legal expert to ensure compliance with Indonesian property laws.
5. Negotiate with potential buyers: Evaluate offers and buyers’ credibility by performing due diligence and negotiating the best deals. A real estate agent can help you with negotiating for the best price.
6. Close the deal: Sign the sale agreement and complete the transfer by changing the property ownership. Ensure you pay all the applicable transfer fees and property sales taxes.

Buy property in Gili Trawangan, Gili Meno, or Gili Air with Own Property Abroad

Do you want to buy property in Gili Trawangan, Gili Meno, or Gili Air? Own Property Abroad can assist you and ensure a seamless and hassle-free property journey, whether selling or buying real estate on the Gili Islands. Thanks to our knowledge and experience in the local market, we can help with legal requirements, finding suitable properties, negotiating the best deals, and conducting due diligence.

With our expert team, you won’t have to navigate the complexities of the Indonesian real estate market alone. For further information on how we can assist you, kindly drop your details below or email us at [email protected]. Let’s start working on your property success story today!

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