LUX Property Group Promotes Bali and Lombok Properties, Offering Buyers a Choice Between Completed Villas and Off-Plan Pricing
LUX Property Group, founded by Australian entrepreneur Jamie McIntyre, is marketing both completed villas and off-plan wholesale properties across Bali and Lombok, presenting buyers with a choice between immediate access and lower entry pricing. While the company highlights potential savings and rental income, foreign buyers should be aware that Indonesia restricts direct freehold land ownership by foreigners, making independent legal verification essential.
LUX Property Group, a property investment firm founded by entrepreneur Jamie McIntyre, has announced that it is marketing both completed villas and off-plan "wholesale" properties simultaneously across Bali and Lombok. The company states that early-stage wholesale pricing can offer significant savings compared to a property's anticipated value once construction is complete — citing an example where a property expected to be worth around AUD $300,000 upon completion could be secured for under AUD $200,000 at the wholesale stage.
By contrast, completed properties allow buyers to skip the wait for construction and permits, offering immediate personal use or rental potential. One highlighted example is a completed three-bedroom "Lily Villa" at LUX Village Bali, normally priced around AUD $435,000 but currently offered at AUD $399,000 after a AUD $35,000 deposit grant. An off-plan version of the same villa type is listed at approximately AUD $365,000, narrowing the price gap between the two options.
The company's broader completed-property portfolio reportedly ranges from studios starting around AUD $69,000 to smaller villas under AUD $200,000 and premium villas at higher price points.
This report is based on promotional material from the company. Prospective buyers are advised to confirm pricing, availability, and rental arrangements directly with LUX Property Group before purchase. It is also worth noting that Indonesia generally does not permit foreigners to hold freehold land title (Hak Milik); ownership structures typically involve leasehold arrangements or a foreign-owned company (PT PMA), which require independent legal review.
Things to Consider
Before purchasing property in Bali or Lombok through any developer, verify the following independently rather than relying solely on marketing materials: (1) Confirm the legal ownership structure (leasehold, Hak Pakai, or a PT PMA foreign-owned company) with an Indonesian lawyer or notary (PPAT/notaris) who is not affiliated with the developer. (2) If planning to rent the property, check local licensing requirements (e.g., Pondok Wisata permits) and associated costs before committing. (3) Cross-check any advertised rental income projections against independent market data rather than the developer's own estimates. (4) Review all contracts, payment schedules, and completion guarantees in writing, and avoid paying the full purchase price before construction begins.
Source: TechBullion