Real Estate

: Real Estate

Does the Omnibus Law allow foreigners to own apartments?【Attracting foreign direct investment through the Job Creation Act and tax reform】

2021/9/3

The Omnibus Law has two main features: amendments to the Labor Law, which has been the biggest impediment to foreign direct investment in Indonesia, and support for business continuity by lowering corporate taxes. However, since Indonesian laws tend to be amended based on public reaction, it is unlikely that demand for apartment investment by foreigners can be expected to increase immediately.

: Real Estate

Real estate investment near Jakarta in recent years

2020/4/11

It is common in Indonesian apartment investment to lend for 10 years and enjoy the income gain, then aim for the capital gain from the sale.

: Real Estate

Contracts for handover in Indonesia

2020/4/6

In real estate transactions, when the Sertifikat Tanah (Land Deed) is changed in the name, Notaris (Administrative Scrivener) prepares Akta Jual Beli (Certificate of Land Transfer) to certify the transfer of ownership, but prior to that, when the transaction is concluded between the seller and the buyer, the buyer pays Tanda Jadi (Contract Money) or Uang Muka (Advance Money) to the seller and Perjanjian Pengikatan Jual Beli (Reservation Agreement PPJB) is prepared.

: Real Estate

A prenuptial agreement (Perjanjian Perkawinan) specifying the separate ownership of property (pisah harta)

2020/4/5

Hak Milik (Ownership) is for Indonesian nationals only, Hak Guna Bangunan (Construction Use Right) is for real estate in the name of a company and can be extended for 30 years + 20 years, Hak Pakai (Right to Use) is for houses with fixed-term land lease and can be extended for 25 years + 20 years, and is the only real estate owned by foreign residents (KITAS holders who stay more than 183 days per year).