Singaporean user here, price is "normal" for me at $39.
Could probably be a glitch for only the Indonesian store?
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Indonesia really gets some nice price glitches lately. Remember the last price glitch for Germany? Right, I don't either... ^^
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Yeah, it's baffling how people are obviously not able to manage a few more zeroes. ^^
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it's not a key, the glitch is in the steam store itself. and yes, it would be restricted, even if you could use VPN to buy it yourself (which you can't).
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Steam gifts also can't be stored in inventory anymore. So he would have to send you the gift directly. You would have to accept with active VPN. And you also would need VPN to play it (at least for 90 days). I wouldn't recommend it. :)
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Here in Germany many gamers know about this because this is the way to get uncut versions of Wolfenstein etc. Activate the game via VPN and then either play with VPN (again, would not recommend doing that) or wait 90 days. After that the region lock will vanish.
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edit : the price is FIXED
TT Isle of Man for $2.84 on Indonesian steam store.
TT Isle of Man Day One - Includes the "King Of the Mountain" DLC
https://steamdb.info/app/626610/
http://store.steampowered.com/app/626610/TT_Isle_of_Man
giveaway here
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