Can a foreigner buy property in Jakarta?

For many years Indonesia has decreed that land in Indonesia can only be owned by Indonesian citizens. Thus, if you want to buy a house (as a foreigner), this would have been legally impossible. As stated in this law, foreigners are only permitted to purchase land or homes under the “Right to Use” (Hak Pakai) title.

Can a foreigner own a house in Indonesia?

According to Government Regulation No. 103/2015 on House Ownership of Foreigners Residing in Indonesia, it allows foreigners who reside (legally) in Indonesia to own landed houses in Indonesia for a period up to 80 years.

Can foreigners buy apartments in Jakarta?

In Jakarta, a foreigner is not permitted to buy a new property or an established property, not even of apartments and condos. Foreigners can only lease the property or acquire the right to use.

Does Indonesia allow dual citizenship?

Current Indonesian law states that an Indonesian citizen cannot hold another nationality – in other words Indonesian law does not recognise or allow for dual citizenship.

Can a US citizen buy property in Indonesia?

Can foreigners own freehold property in Indonesia? No, foreigners are not allowed to own freehold property in Indonesia. Instead, we can lease or own properties under other arrangements, such as right-to-build or right-to-use contracts.

Are houses in Indonesia cheap?

With housing being among the cheapest in South-east Asia, the Indonesia property sector is looks promising. For the middle and longer term, Indonesia’s property sector is promising. One reason being that property prices in Indonesia are still among the cheapest in the Southeast Asian region.

Can you buy Indonesian citizenship?

Acquiring Indonesian nationality Nationality can be acquired in Indonesia through adoption, birth, marriage, or naturalization.

Can foreigners buy property in Indonesia?

For example, Regulation 13 did not allow foreigners to purchase second-hand properties. By issuing Regulation 29, the Indonesian government allows foreigners who work or reside legally in Indonesia to own houses or apartments in the country for a period up to 80 years and the property can be part of a will during the ownership period.

How much does it cost to buy a house in Jakarta?

In Jakarta, for example, expats can only purchase a landed house with a minimum price of IDR 10 billion (approx. USD $752,000). Even for western standards, this is a high price.

What happens to your property rights when you leave Indonesia?

When the expat leaves Indonesia to reside in another country, he/she needs to release or transfer the right-of-use to another person who meets all requirements to own property in Indonesia (this can be another foreigner or an Indonesian citizen) within one year after his/her departure from Indonesia.

How to make better property investments in Indonesia?

In this article, we’ll give you a step by step guide on how to make better property investments in Indonesia. The safest way to purchase property is to register a foreign-owned company (PT PMA). Your PT PMA can buy property (except land) with the Right to Use title.