Property Ownership Regulations by Foreigners, there are types of Houses that should not be purchased!

 

 

 

As mentioned above, Foreign Nationals may own a home in Indonesia.

It's just that, of course, their rights are different from those obtained by Indonesian citizens.

Because of this, there are several requirements that must be followed.
Requirements for foreigners to be able to buy property in Indonesia

Provisions on the rights of foreigners in property ownership in Indonesia are now in Permen Agraria No. 29/2016 related to the implementation regulations of PP No. 103 of 2015.

Based on Article 2 paragraph 1 PP 103/2015, the requirement for foreigners to own a residential or residential home is to have a residence permit in Indonesia in accordance with the provisions of the laws and regulations.

Foreigners referred to herein are people who are not Indonesian citizens whose existence provides benefits, conducts business, works, or invests in Indonesia.

If the stranger dies, then the house of residence or residence can be inherited.

In addition, Indonesian citizens (Indonesian citizens) who perform marriages with foreigners can have the same land rights as other Indonesian citizens.  

 Here comes the kind of property that can be purchased by foreigners

Property ownership for foreigners is limited.

There are a number of provisions that distinguish them from indonesian citizens in terms of property purchases.

Here are the conditions:

1. House prices worth at least billions of rupiah

There is a limit to the price of houses that can be purchased by foreigners.

The regulation is listed in the Attachment of Agrarian Candy 13/2016.

The price is adjusted to the respective regions.

Reported from Hukumonline.com, the content of the regulation was also re-emphasized by former Minister of Agrarian and Spatial Affairs / Head of the National Land Agency (ATR / BPN) Ferry Mursyidan Baldan.

That there is a limit to the value of properties that foreigners can have.

As an illustration, for property prices such as apartments that can be owned by foreigners are limited only to the price of Rp5 billion to Rp10 billion only.

While the minimum price for a residential house is Rp10 billion in the DKI Jakarta area.

In Bali, the minimum price of a residential house is Rp3 billion, and an apartment is Rp2 billion.

This regulation is made so that foreigners do not have the ease of accessing cheap houses.

Indonesian citizens can still have many opportunities to have a home in their own homeland. 

 

2. Purchased homes must be purchased directly from the developer, not second hand

Another requirement is that the purchased house must be a new building purchased directly from the developer/landowner and not a second-hand purchase.
 

3. Status held only Hak Pakai, not ownership

Although it can buy property in Indonesia, the status owned by foreigners is not ownership, but hak pakai.

Single House given on Hak Pakai land, valid for a period of 30 years.

Then, when it is up, it can be extended another 20 years and then extended back 30 years.

So, the total for foreigners can have a house or apartment in Indonesia is 80 years.

That's the regulation on property ownership by foreigners.