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The Government of the Republic of Indonesia intends to develop the utilization of land for foreigner by giving rights to foreigners to own land/property in Indonesia.
Dos: Foreigners Requirements
Have a visa, passport, or Limited Stay Permit issued by the Directorate General of Immigration of the Ministry of Law and Human Rights of the Republic of Indonesia.Land/Property Requirements:
Buying Land/PropertyThe land/property title on right to use of land (Hak Pakai) or rights to manage a land (Hak Pengelolaan). In addition to individual ownership, a right to use of land can be issued to a Foreign Legal Entity that has representation in Indonesia.
The minimum price of the land/property is 5 billion Rupiah for residential houses that fall into the category of luxury homes and 2 billion rupiah for commercial flats.
The maximum land area is 2,000 m2 and can be expanded if it has a positive economic and social impact.
Intended for residential homes.
Renting Land/PropertyThe requirements fall under Article 1320 of the Indonesian Civil Code on an agreement that must satisfy the following conditions to be valid: consent of the parties, legal capacity to enter an agreement, specific subject matters and permitted cause.
Apply for the Right to Use of land to the National Land Agency. The right to use can be extended and renewed for a maximum of 80 years.
The parties may apply for the recording of a sale and purchase agreement for land/building (PPJB) or lease agreement on registered land to the National Land Agency.
Don’ts
Do:
Zone checking (ITR);
Checking on the ownership; and
Checking the deed of transfer of rights, letter/deed of release of rights, or other evidence of land acquisition to the official certifier of title deeds.
Don’ts:
- Buying or renting a land/property from an owner who does not have adequate legality.
- Buy or rent property on a land in dispute.
- Buy or rent a land/property through an intermediary without the presence of the owner named on the land certificate.The legal documentation on buying/renting a land/propertyCertificate of the Rights to Use of Land (Hak Pakai).
- The Conditional Sale and Purchase Agreement.
- Deed of Sale and Purchase.
- Land and Building Tax Letter.
- Building Permit/Building Approval (PBG/IMB).
- Lease Agreement and/or Sub-Lease Agreement.
In addition to the above, foreigners may own a land/property through a Foreign-Owned Company (PT PMA) with a Right to Build (“HGB”) or Right to Cultivate (“HGU”). HGB and HGU can be extended and renewed for a maximum of 80 years. Foreigners shall invest a minimum capital of 10 billion Rupiah to establish a PT PMA.
After the Job Creation Law, foreigners can be more easily to own a land/property in Indonesia. Hope in the future, the latest policy can provide legal certainty for a land/property foreign owner in Indonesia which likely will have a continuous positive economic impact.
Written by: R. Bayu Perdana and Zaki Priambudi
Disclaimer: The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information.
Bali's Current Hottest Real Estate Markets
"Bali is Hawaii 30 years ago"
Three months ago Lawrence predicted 2024 would be the most explosive year yet for the Bali's real estate market, especially on its popular East Coast in or near the first Resort Area in Bali, Sanur .
"2024 the most explosive year yet"
"Sanur not Snore Anymore"
According to Wikipedia. Sanur pronounced sah-noor) is a coastal stretch of beach east of Denpasar in southeast Bali (about a 30-minute drive from Ngurah Rai International Airport)For the 26 years he lived in Sanur it was called "Snore" because it attracted Seniors and Baby Boomers to quiet lifestyle, famous beach and inexpensive cost of living.
Recently Bali has been showered with accolades in 2023 ,& 2024 snagging titles like "Second Best Destination in the World,"
This translates to one thing, a tourism boom, and with it, a surge in rental income.
Remember his saying, "Bali real estate demand is directly proportional to tourist demand".
"Bali real estate demand is directly proportional to tourist demand"
The fuel for Sanur's coming Real Estate firestorm: 2,000 to 3,000 New Employees:
The massive Bali International Hospital is set to open its doors, bringing with it a wave of medical professionals and support staff seeking comfortable digs.Where will Doctors, Medical Technicians, and Support Staff Live?
5 - Star Hotel 1,000 Staff ?
The swanky new Meru hotel will need a place for its team to call home, injecting further demand into the market.New Icon Mall - 300 to 500 Employees:
Talk about a lucrative demographic!
So, where will all these new residents live? Sanur and its suburbs, of course.
Here are Lawrence's predictions on the three most sought-after areas of the East Coast, perhaps all of Bali in the next 12 -24 months.
#1 Area With Most Demand
This is due to the growing popularity of the area as a tourist destination and the increasing number of businesses and medical facilities moving in.
No Room at the Inn:
Just as Mary and Joesph found in Bethlehem just before Jesus was born recently there is no rooms in any of our inns.Unfortunately, there is not much available housing in these areas, as they are mostly commercial and hotels.
However, there are a few options for those who are looking to buy or lease a home in this sought-after location.
Bali Emerald Apartments:
They are perfect for those who are looking for a modern and stylish home in a great location.
PT. Bali Luxury Villas Start at $228,888.
For those who need more space, we also have a few award-winning Bali Luxury Villas available for sale.
They are perfect for those who are looking for a luxurious and spacious home in a quiet and peaceful location.
Bali Luxury Villas and Apartments are located within a short eight minute walking distance to Sanur's famous white sand beach.
They are also close to a variety of restaurants, shops, and bars.
If you are interested in buying a home in one of the most sought-after areas in Bali, we encourage you to contact them today.
They will be happy to help you find the perfect home for your needs.
#2 Area - Demand
While many eyes are on Sanur for the upcoming Bali International Hospital, savvy investors might find hidden gems close by.
This area, conveniently located within 1-10 kilometers of the hospital, offers several advantages:
Affordability: Escape the higher property prices of Sanur and capitalize on this area's lower costs.
High-Caliber Community:
Bali Paradise Beach Estates already boasts residents such as major Developers and Hotel owners plus, an A-listed couple, two doctors, and other successful individuals. This creates a desirable and dynamic community for future residents.
Beyond Borders, Beyond Expectations:
Remember: This area provides a unique opportunity to live well, invest wisely, and be part of a thriving community just steps away from the Bally International Hospital. Don't miss out on discovering this hidden gem beyond the borders of Sanur!
Brand New Luxury Retirement Villas:
# 3 Area Most Demand
Beyond the Bypass: Uncovering Renon & East Denpasar's Potential
While past development left some concerns – smaller plots, lower construction standards, and bumpy roads – change is afoot.
Infrastructure upgrades are on the horizon, promising a brighter future for the area.
But here's the real draw: prices here are significantly lower than the popular East Side, making it a prime location for savvy investors.
Envision it – owning a sprawling property, hundreds of square meters of opportunity! Build two or three stunning villas, keep one for yourself, and sell the others to recoup your investment, essentially securing your dream home for free.
Intrigued? We'd love to be your guides! Let us unveil hidden gems waiting to be unearthed in Renon & E Denpasar.
This area isn't just about a bargain; it's about embracing potential, about shaping your own Bali paradise.
Ready to ride the Bali East Coast wave?
So, pack your bags, your sense of adventure, and your investment savvy, because Sanur and its suburbs are about to become the real estate El Dorado of Bali.
Remember, this is just the beginning. We will keep you updated on all the sizzling developments in the East Coast real estate scene, so stay tuned for more insider tips and insights.
In the meantime, start browsing Best Bali Real Estate Listings – the future of Bali's real estate is bright, and Sanur is its shining star.
P.S. Don't forget to share this post with your fellow real estate enthusiasts! Let's spread the word about Sanur's golden future.
Schedule Your Personalized Viewing Today.
Contact us today to schedule a personalized viewing.
For information or inspection in English contact the Baby Boomer, President, Lawrence by Telephone or WhatsApp at +628123814014.
For information or inspection in Bahasa Indonesia contact the President's Spouse, a Licensed Indonesian Notaris, Azizah at +62 811-3864-993
ABOUT US:
Together with her partner and spouse Lawrence who has 50 years of Real Estate Experience, 20 Years of which is in Bali they own and operate award-winning 20-year-old Pt. Bali Affordable Lifestyles International ( PT. B.A.L.I. ).
Indulge in the pinnacle of luxury and efficiency with this esteemed team of over 70 professional staff, proudly offering an array of services for Buying, Selling, Leasing, and Renting Asian Real Estate.
For an unprecedented ten years running, they have been awarded the Certificate of Excellence and the Hall of Fame Award from the esteemed TripAdvisor, cementing their place among the top 2% of hotels and villas listed worldwide.
With clients all over the globe singing their praises, they are indisputably one of Asia's most renowned travel and real estate investment experts.
TESTIMONIAL:
"Honesty and professionalism are everything when you're dealing with real estate but when you can also find the most knowledgeable people to advise you and help you with what you need, why go anywhere else...Hands down the best in Bali!"Bo B, UNITED STATES- 2022
Keep up to date with the latest news and views on Bali and the world, all while reveling in their exceptional offering of the Best Bali Real Estate Blogs & Facebook Posts.
For more information on these exquisite properties, schedule an inspection, or request further information today by contacting us.
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