Property Marketing and Sales Review
Foreign ownership remains to be a challenge in 2020 but is
expected to show relaxation in 2021
LAND TITLES AVAILABLE:
1. Freehold
:
QOLIPPO
PT LIPPO KARAWACI TOK
1.
2.
2. Right to Build (renewable leasehold)
3. Right to Use (renewable leasehold)
OPTIONS FOR FOREIGN OWNERSHIP :
may be held by Indonesian citizens only (not even by fully
Indonesian-owned companies).
may be held by Indonesian citizens and any company
established in Indonesia for an initial 30 years.
may be held by Indonesian citizens, any company and foreigner
residence in Indonesia for an initial 30 years, extendable for
another 20 years and renewable for another 30 years
Foreign residence in Indonesia can purchase property in own name under Right to Use title under Goverment Regulation no
103/2015 dated on 22 December 2015 and further reinforced by The Ministry of Agricultural and Spatial Planning /National
Land Agency Regulation no 29/2016 dated on 19 Sept 2016 for certain minimum property value, which in Jakarta Province, a
minimum Rp 10 bn for landed house and Rp 3 bn for condominium and subsequently much lower value for other areas.
Establish a company with approval for full or part foreign ownership (PMA company) to own the property.
3. Through Indonesian nominees, establish a locally owned company.
4.
Use an Indonesian professional third party corporate nominee.
5.
Private unregistered lease.
6.
Establish a person to person arrangement with an Indonesian private individual who will personally own the property.
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