- Joined
- Jan 24, 2017
- Messages
- 240
With regards to a WNA purchasing housing in Indonesia, and being able to have the title in his/her name, it's my understanding that the only possibility is through a "Hak Milik Strata" title. Generally speaking, these are apartment-like flats, or the so called "condotel". They are often in high-rise or mid-rise buildings, and the actual unit that a WNA would own is not connected to land (tanah) in any way.
Over the past few years I've looked at several of these types of properties with the Strata title, and was not overly impressed with value proposition. In some cases, they have been insanely over priced for the Rupiah-to-Square Meter ratio. They also often come with a hefty monthly/annual estate management fee. I also have had nagging concerns about future upkeep, and other unexpected issues that would be out of your control.
All that said, I may have found something that could work for my wife and I as a transitional property to live in as we figure out what our permanent plans would be. We could either sell it later, or just keep it as a rental property down the road. So my wife is a WNI, who still has Indonesian citizenship/passport, and I'm the WNA in this example. The sales team in Indonesia is telling me that both of our names would be on the title, and there would be absolutely no problem - as the "Status Tanah" is not "Hak Milik", but "Hak Milik Strata". As with just about everything in Indonesia, it's often not "that easy" - or at least not as the sales team may be conveying.
Currently, we're still living in the USA, however slowly but surely working towards a spousal KITAS/KITAP at some point in the future. For now, I'm still working full time in Texas, and am closing in on an early retirement package - but remain undecided on the actual date. Our thought was to get this flat, which has a good security setup, and could be left locked up for extended periods of time. My wife's family would occasionally check up on the place, and pay our monthly management fee between our trips to Indonesia. We could start the painful process of getting some of our personal effects moved to Indonesia and having a secure place to store that stuff. These are the kinds of things that the shipping container folks tell you to bring in a suitcase on a flight, and NOT in the container. It would also be a nice feeling to have a place that really feels like our little home once we get off that long plane ride, instead of a hotel - or one of the relative's places.
For the transaction, it would just be a cash deal. The selling price includes everything - PPN, BPHTB, notary, charge fees, etc. So, in theory once I pay in full, the place is ours. However, it's not fully finished. We have to pick from several final color designs, kitchen upgrades, A/Cs, water purifier, etc. These are all negotiated into the final price. So, once we pay for the place it's another 1 to 2 months before everything is ready to go. I really don't like the idea of paying anything in advance for a future deliverable, but they say this is how everyone else does business with them. In any case, I have a relative that would check on things while I'm waiting in the USA.
Thoughts or opinions are welcome here...
Over the past few years I've looked at several of these types of properties with the Strata title, and was not overly impressed with value proposition. In some cases, they have been insanely over priced for the Rupiah-to-Square Meter ratio. They also often come with a hefty monthly/annual estate management fee. I also have had nagging concerns about future upkeep, and other unexpected issues that would be out of your control.
All that said, I may have found something that could work for my wife and I as a transitional property to live in as we figure out what our permanent plans would be. We could either sell it later, or just keep it as a rental property down the road. So my wife is a WNI, who still has Indonesian citizenship/passport, and I'm the WNA in this example. The sales team in Indonesia is telling me that both of our names would be on the title, and there would be absolutely no problem - as the "Status Tanah" is not "Hak Milik", but "Hak Milik Strata". As with just about everything in Indonesia, it's often not "that easy" - or at least not as the sales team may be conveying.
Currently, we're still living in the USA, however slowly but surely working towards a spousal KITAS/KITAP at some point in the future. For now, I'm still working full time in Texas, and am closing in on an early retirement package - but remain undecided on the actual date. Our thought was to get this flat, which has a good security setup, and could be left locked up for extended periods of time. My wife's family would occasionally check up on the place, and pay our monthly management fee between our trips to Indonesia. We could start the painful process of getting some of our personal effects moved to Indonesia and having a secure place to store that stuff. These are the kinds of things that the shipping container folks tell you to bring in a suitcase on a flight, and NOT in the container. It would also be a nice feeling to have a place that really feels like our little home once we get off that long plane ride, instead of a hotel - or one of the relative's places.
For the transaction, it would just be a cash deal. The selling price includes everything - PPN, BPHTB, notary, charge fees, etc. So, in theory once I pay in full, the place is ours. However, it's not fully finished. We have to pick from several final color designs, kitchen upgrades, A/Cs, water purifier, etc. These are all negotiated into the final price. So, once we pay for the place it's another 1 to 2 months before everything is ready to go. I really don't like the idea of paying anything in advance for a future deliverable, but they say this is how everyone else does business with them. In any case, I have a relative that would check on things while I'm waiting in the USA.
Thoughts or opinions are welcome here...