Sumba island with its unique culture, untouched nature and endless white beaches is a real gem among the Indonesian islands.
Sumba island remained for centuries out of the interest of local rulers and colonizers.
Thanks to that it has developed a very unique religious tradition and culture that still defies influences of modern civilization.
Everyday life and work on Sumba is still governed by the principles of animist beliefs Marapu, whether it concerns rice planting or ancient martial rituals PASOLA.
Tambolaka airport in the west and Waingapu airport in the east of Sumba Island can be accessed by a 1-hour flight from Denpasar airport located on Bali Island – the most popular tourist destination in Indonesia. Three airline companies service the area daily – Garuda Indonesia, Wings Air, and Nam Air, bringing as many as 1200 people to the island every day.
The interest of investors in beachfront plots has increased enormously (currently the biggest investors are the French, Americans, Russians, but also Indonesians).
The current situation in the development of land prices has registered a two and a half time increase compared to 2015, when the land prices were around EUR 8 per m2. Right now the prices are climbing up to EUR 50 per m2 due to the size and attractiveness of the site.
Once the international airport is open, the land prices are expected to rise to over 75 EUR per 1 m2.
Investment options:
- Purchase land – wait until the prices rise, then sell (2-3 years)
- Purchase land – divide it into smaller plots and sell separately at a profit
- Purchase land – build a resort on part of the land, divide the remainder into smaller plots and sell them at a profit