The 19 parapuar investment lots are parcels carved from BPOLBF’s ≈129.6 ha HPL (Hak Pengelolaan) Zone 1 in the Nggorang Bowosie hills above Labuan Bajo, offered by the tourism authority to private investors under cooperation arrangements. As of mid-2026, only two lots have publicly attributable occupants — Lot 1.6 (Dusit, reported April 2025) and Lots M and N (PT Terra SparX, date unverified) — and three to four of the five or six investors that BPOLBF’s acting director cited in April 2025 remain unidentified in any public source.
This page is a living status ledger, not a sales prospectus. Every cell in the table below carries a source and a last-verified date. Cells marked Unknown/Unverified are genuinely unknown — we will not fill them with speculation.
How the 19 Lots Fit Into the Zone Structure
Parapuar is divided into four official zones: the Cultural Zone, the Leisure Zone, the Wildlife (“Wild Nature”) Zone, and the Adventure Zone (Antara EN; BKPM promotional materials). The 19 investment lots are distributed across these zones, though BPOLBF has not published a complete public lot map or prospectus that is freely accessible. The only publicly confirmed lot numbers with investor attribution are from press coverage and a government press release, not from an official published masterplan.
On area: the HPL certificate covering Zone 1 — approximately 129.6 hectares — was formally handed over by Deputy Minister ATR/BPN Raja Juli Antoni to BPOLBF on 15 September 2023 at the Parapuar site. A note on a number that appears in some wire reports: Antara’s English-language service wrote “129,609 hectares” in at least one dispatch — that figure is a number-format error arising from Indonesian decimal notation, where “129,609” means 129.609, not 129,609. The correct HPL Zone 1 area is approximately 129.6 ha, corroborated by Windonesia and Wikipedia ID (“129.60 ha”). The full 400 ha often cited in BPOLBF and BKPM promotional materials is the broader planning perimeter; the HPL certificate covers Zone 1 only, with other zones pending.
BPOLBF’s stated development philosophy: approximately 20% of the HPL area is earmarked for physical development — roughly 25.9 ha — while 80% is to remain green forest cover. Critics have argued that even a 20% footprint, plus access infrastructure, disrupts the Bowosie catchment more than the percentage implies, but BPOLBF has maintained this pledge publicly (Antara; Windonesia; Wikipedia ID). That tension is covered in more depth in our Bowosie forest and risks analysis.
The Lot Status Table: What Is Actually Known
The table below reflects only what is attributable to a named, dated public source. “Status” describes the publicly reported position — not necessarily ground reality, which in most cases cannot be independently confirmed from open data.
| Lot | Reported Investor | Reported Value | Announced / Reported | Status (as reported) | Last Verified |
|---|---|---|---|---|---|
| Lot 1.6 | Dusit (Dusit International, Thailand) | US$15 million (hotel) | 29 April 2025 (Windonesia / Antara EN 315534) | Described as “in progress”; no groundbreaking or brand-flag confirmation public. Exact brand tier (Dusit Thani vs dusitD2 vs ASAI) and key count unverified. UNVERIFIED — single source. | June 2026 |
| Lots M & N | PT Terra SparX | Not publicly disclosed | Kemenpar siaran pers (kemenpar.go.id — exact date unverified) | Wellness and agro-tourism/sport-tourism cooperation signed with BPOLBF. Investment value, contract term, and construction start date not publicly available. UNVERIFIED — value and date unknown. | June 2026 |
| Lots 2–1.5, 1.7–L, O–19 (approx. 16 lots) | Unknown | Unknown | — | No public investor attribution in any accessible source as of mid-2026. May include the 3–4 unnamed investors within the “5–6 committed” figure cited by Frans Teguh (April 2025). | June 2026 |
Note on lot numbering: the numbering convention above follows the only publicly cited lot identifiers — “Lot 1.6” from Antara/Windonesia coverage and “Lot M” and “Lot N” from the Kemenpar press release. No complete official lot map or numbered inventory is publicly available. Any other lot identifiers used in broker materials should be treated as unverified until confirmed against an official BPOLBF document.
The “5–6 Committed Investors” Statement — What It Does and Doesn’t Tell Us
In April 2025, Frans Teguh — then serving as Acting Director-General (Plt Direktur Utama) of BPOLBF — stated that Parapuar had attracted five to six committed investors. This was reported by Antara and reproduced in Windonesia’s coverage of the same period. The same report placed combined disclosed investment at approximately US$16.2 million, summing the Dusit figure (US$15M) and the Eiger figure (US$1.2M).
That arithmetic only accounts for two investors. The remaining three or four committed parties are not identified in any public press release, official announcement, or regulatory filing that this site has been able to locate. Several possibilities exist: some commitments may be under MoU with non-disclosure terms; some may have been announced only in Indonesian-language government channels not indexed in accessible English databases; or the “committed” threshold may include parties at an early letter-of-intent stage rather than signed cooperation agreements.
What the statement does not establish, and what we will not assert here: that five or six hotels, stores, or facilities are under construction, near completion, or will be open by any particular date. A commitment — even a signed MoU — is not a built asset. The only structure that appears to be physically operational as of mid-2026 is the 360° viewpoint area used for BPOLBF’s Weekend at Parapuar event series; the Parapuar Park groundbreaking was held in August 2024, but completion status is not confirmed in publicly available sources.
Eiger: Store and Coffee Shop on an Unconfirmed Lot
PT Eigerindo Multi Produk Industri — the Indonesian outdoor-gear brand operating as Eiger — was reported as committing US$1.2 million for an Eiger Store and coffee shop at Parapuar, with a construction start described as an “October 2025 commitment” in the same 29 April 2025 Windonesia report. The lot number for the Eiger investment is not mentioned in the source. The combined US$15M + US$1.2M = US$16.2M total appears in an Antara EN dispatch (ref. 315534) that described ongoing investment momentum at the zone.
One caution on the Eiger timing: the source’s wording around “October 2025” was internally ambiguous — it could read as an announced construction-start target rather than a confirmed commencement. Both the lot number and the construction status remain unverified from any second source. If Eiger’s footprint at Parapuar is a key variable in your diligence, it warrants direct confirmation with BPOLBF.
PT Terra SparX: Wellness and Agro-Tourism on Lots M and N
The most recent public investor attribution comes from a Kemenpar (Ministry of Tourism) press release announcing that BPOLBF had signed a cooperation agreement with PT Terra SparX to develop wellness and agro-tourism, described in some coverage as also encompassing sport-tourism elements, on Lots M and N. This is the only investor announcement that names specific lot identifiers beyond Lot 1.6.
What is not public: the investment value, the cooperation scheme used (whether KSP, KSPI, KETUPI, or another of BPOLBF’s six authorised formats), the contract term, or the project timeline. The press release date has not been independently confirmed. PT Terra SparX does not appear in major commercial databases as a high-profile operator, and no third-party coverage of the signing has been located. This is reported as a cooperation commitment; no construction activity has been publicly documented.
What “Committed” Means Under the HPL Framework
A brief technical note matters here. BPOLBF holds Zone 1 under an HPL certificate — a state land management right that lets it offer derivative utilisation rights to investors, but not sell land. The standard instrument for a commercial investor at Parapuar would be an HGB (Hak Guna Bangunan, right-to-build title) issued on top of the HPL, or a utilisation-cooperation agreement (possibly structured as BOT, KSP, or one of BPOLBF’s other published schemes). None of these instruments have been publicly described in terms of tenure length for any specific Parapuar lot — BPOLBF has not published a standard tariff sheet or template cooperation agreement in accessible sources.
Under PP 18/2021, HGB granted on top of an HPL can run up to 30 years, with a 20-year extension and a 30-year renewal — but whether BPOLBF’s cooperation agreements mirror that structure, or use shorter/different terms, is not confirmed. This matters because the tenure duration materially affects how investors model returns. Any figure quoted by intermediaries for lot pricing or lease duration should be verified directly with BPOLBF before being relied upon.
If you are at the due-diligence stage, our enquiry form can connect you with independent legal specialists who have reviewed HPL-on-HGB structures in NTT — no allocation, approval, or outcome is guaranteed, and Parapuar Investment Intelligence does not represent BPOLBF or any developer.
The Gap Between Announced and Built: A Ledger Discipline
Across Indonesian tourism investment zones, the gap between announced commitments and ground-reality is a recurring due-diligence issue. Mandalika saw years of announced hotel brands before first keys opened. Golo Mori (ITDC’s 20-ha MICE zone, ~45 minutes from Labuan Bajo) held the 42nd ASEAN Summit in May 2023 at the newly completed Golo Mori Convention Center — but no major branded resort opening at Golo Mori had been publicly confirmed as of mid-2025, despite multiple announced partnerships over preceding years. Parapuar is earlier in its development arc than either of those zones.
The figures on this page — US$15M, US$1.2M, “5–6 investors” — are what has been stated publicly, by officials and press agencies, with dates attached. They are not representations of what has been built, is generating revenue, or is guaranteed to be completed. This distinction is not pedantry; it is the difference between a news-cycle announcement and a bankable commitment that has cleared permitting, financing, and construction milestones.
For the full committed-investor tracker with timeline and evidence links, see our Parapuar investor tracker — that page maintains the most current evidence-dated ledger we can compile from open sources.
What Would Move These Numbers
Several developments would change the status table above, and are worth monitoring:
- A public BPOLBF lot map or investment prospectus. BPOLBF has been known to share investment materials at trade events (including ITB Berlin and domestic tourism forums), but a publicly downloadable, date-stamped Parapuar prospectus has not surfaced in accessible digital sources as of this writing. If one appears, it would be the most important single document for lot-by-lot clarity.
- Dusit groundbreaking announcement. A branded hotel of US$15 million scale would normally trigger a significant press event at groundbreaking. None has been publicly reported as of mid-2026 — if that changes, it would upgrade the Lot 1.6 status from “in progress” to “under construction.”
- Eiger construction commencement confirmation. A store-and-coffee-shop development at the US$1.2M scale is smaller and faster to build than a hotel; if construction started in late 2025 as suggested, an opening-soon or open announcement would be verifiable through Eiger’s own communications channels.
- PT Terra SparX project milestone. Wellness and agro-tourism development typically involves multi-year planning. Any capital-expenditure announcement, environmental permit filing, or infrastructure commencement would provide a checkpoint.
- Naming of remaining investors. Frans Teguh’s statement placed the total at five to six. If BPOLBF’s successor leadership — Andhy M. T. Marpaung was named as Plt Dirut in a 2026 broadcast, though permanent appointment status is unverified — continues investor-progress communications, the unnamed parties may be identified.
We update this page when new attributable information becomes available. Source links and verification dates are carried in the tracker pillar. If you have public-record evidence of a lot status we have missed — an official gazette entry, a certified ground-breaking press release, or a signed cooperation agreement — please send it through our enquiry form.
Frequently Asked Questions
How many of Parapuar’s 19 investment lots have confirmed tenants as of mid-2026?
Publicly attributable in named, dated sources: two lots (Lot 1.6 assigned to Dusit, reported April 2025; Lots M and N assigned to PT Terra SparX, Kemenpar press release of unverified date). BPOLBF’s Acting Director-General cited “5–6 committed investors” in April 2025, but the identities of the remaining three to four are not in any accessible public source. No lot has a confirmed completed building as of mid-2026.
What is Lot 1.6 at Parapuar, and who is Dusit?
Lot 1.6 is the specific parcel within BPOLBF’s HPL Zone 1 that a Windonesia report (29 April 2025, citing Antara EN 315534) attributed to Dusit International, the Thai hospitality group behind the Dusit Thani, dusitD2, and ASAI brands. The reported investment is US$15 million for a hotel development. The exact brand tier, key count, design approval, and construction start have not been publicly confirmed. The figure is single-source and flagged as unverified; we will update when a second attributable source or an official BPOLBF announcement confirms it.
Can a foreign investor directly acquire one of the 19 lots?
Not in the freehold sense. BPOLBF holds Zone 1 under an HPL (state land management right), so investors do not purchase land — they enter a cooperation arrangement with BPOLBF, which in practice typically involves the authority granting an HGB (right-to-build title) above the HPL, or a BOT-type utilisation agreement. A foreign company (PT PMA) can hold HGB. The specific terms, pricing, and minimum investment for any Parapuar lot have not been published by BPOLBF in any accessible document; direct engagement with BPOLBF’s investment and cooperation division is the only confirmed path to accurate figures.
What are Lots M and N, and what is PT Terra SparX planning to build there?
Lots M and N are the parcels attributed to PT Terra SparX in a Kemenpar (Ministry of Tourism) press release. The project is described as a wellness and agro-tourism development, with some sources adding sport-tourism. Investment value, construction timeline, and cooperation scheme are not publicly available. PT Terra SparX is not a widely profiled operator in English-language tourism or investment media, which makes independent verification of project scope difficult from open sources.
Is the total investment at Parapuar really US$16.2 million?
US$16.2 million is the sum of the two publicly reported figures — Dusit’s US$15M and Eiger’s US$1.2M — as cited in Antara EN dispatch 315534 and the same April 2025 Windonesia report. Both figures are from a single source and have not been confirmed by a second independent publication. If BPOLBF’s “5–6 committed investors” include parties with values not yet disclosed, the actual committed pipeline could be higher — but no additional figures are in the public record as of mid-2026.