I was wondering if anyone could provide information on buying a property in Indonesia and owning it as a company.
I understand a PMA needs to be set up. Also, how to make it legal to rent out to tourists.
I was wondering if anyone could provide information on buying a property in Indonesia and owning it as a company.
I understand a PMA needs to be set up. Also, how to make it legal to rent out to tourists.
Currently the minimum requirement stands at IDR 10 billion or the equivalent value in US dollars.
@jukung11 do you mean 'hak pakai' in your last paragraph?
Value according to who
It's worth what you get when you sell it
I wouldn't trust a corrupt valuation here
Probably the bank remortgaged it for a "fee"
Money laundering
I'm new to this. Does ownership revert to the state (ie government) or to the previous owner (whether state or private)?They can secure a long term renewable lease over a property in which ownership of the property reverts back to the state at the time of completion (hak pakai).
I'm new to this. Does ownership revert to the state (ie government) or to the previous owner (whether state or private)?
a. mencoret kata-kata dan nomor Hak Milik atau Hak Guna Bangunan dalam Buku Tanah dan Sertifikat Hak Atas Tanah
b ... ini berdasarkan ketentuan Pasal 6 ayat (1) Peraturan Menteri Agraria dan Tata Ruang/Kepala Badan Pertanahan Nasional Nomor 29 Tahun 2016 tentang Tata Cara Pemberian, Pelepasan, dan Pengalihan Hak Atas Pemilikan Rumah Tempat Tinggal atau Hunian Oleh Orang Asing Yang Berkedudukan di Indonesia, dilepaskan menjadi Tanah Negara dan langsung diberikan dengan perubahan menjadi Hak Pakai Nomor
Close by where I currently live there are some big Hak Pakai developments. Nice houses and 'sold out' to locals within days. And their value increased from 1.8 billion to 4.2 billion over 4 years so you definitely can't say there isn't a demand for these.
I also wonder how much of the investment is Chinese like it is in most hot international real estate markets. Because real estate investments are one of the few exemptions to Chinese currency export controls, Chinese buyerss are heavily invested in foreign markets. The buyer and seller will usually be related parties and the inflated price is just to get the currency out of China.
In bali the opposite is true ,property values have dropped through the floor over the last few years - minus 40% ++ or not sold ,to be left to rot and fall down ,as the quality of constuction is dire .
Iv heard it said there maybe 1 mllion plus empty properties in the jakarta area when the move to kalimantan is ongoing , this aint going to do anything for valuations Imho.