Bali Sun Published: April 9, 2024
The conversation around how tourists can own or lease property in Bali is one that can feel rather complicated.
The principle of owning or leasing a property or land is different from one’s ability to live and work in the country.
To clear up some of the confusion, the Bali Regional Office (Kanwil) of the Ministry of Law and Human Rights has laid it all out as clearly as day.
The Head of the Bali Regional Office of the Ministry of Law and Human Rights, Anggiat Napitupulu, told a reporter that foreigners on any kind of residence permit – e.g., any kind of visa – could buy, lease, and own property in Bali and across Indonesia.
Napitupulu said, “All types of residence permits are permitted. Including Visa on Arrival, yes.” Napitupulu explained that property ownership by foreigners in Bali and elsewhere in Indonesia is not solely dependent on the type of residence permit.
However, there are still heaps of restrictions and obstacles to jump through. Some restrictions include the the type and price of property that foreigners can invest in.
Since there are strict restrictions in place regarding the type and cost of property available to tourists, Napitupulu feels the fact that foreigners can complete most of these steps on a tourist visa on arrival is a good thing.
He told reporters, “I think this is okay. Because the foreigner still has to have a residence permit (visa) when making a transaction. And ownership of the transaction will not determine the type of immigration residence permit.”
According to the Decree of the Minister of Agrarian Affairs and Spatial Planning/Head of the National Land Agency Number 1241/SK-HK.02/IX/2022 concerning the Acquisition of Residential/Residential House Prices for Foreigners, the minimum price of housing that can be purchased by foreigners varies, depending on the region.
For Bali, the minimum price of a ‘landed house’ is IDR 5 billion (USD 314,000 for West Nusa Tenggara (including Lombok), is IDR 3 billion (USD 188,000), and for areas like Jakarta and most of Java, the cost is IDR 5 billion too; though in less popular regions of Indonesia, fees are reduced to a minimum of IDR 1 billion.
For flats and apartments these rates are reduced slightly. In Bali, the minimum price of a flat a foreigner can purchase is IDR 2 billion, and in Jakarta, it’s IDR 3 billion.
Whether a landed house or apartment/flat, foreigners are limited to a maximum property size of 2,000 square meters.
But, just because foreigners can technically buy property within these restrictions on a tourist visa on arrival doesn’t necessarily mean that it is the smartest or safest choice when it comes to making a sizeable investment.
It also doesn’t mean that someone on a tourist visa could arrive, hand over USD 350,000, and walk away with title deeds; there are still many processes to pass through.
In Indonesia, there are three different types of land titles.
These are Hak Milik which is the Right to Own, the next is Hak Pakai the Right to Use and Hak Guna Bangunan the Right to Built, however each of these come with another layer of legal structures to flow through.
Leasehold agreements are another popular way for foreigners to acquire property, often for 25 years or more.
Other factors to consider are how long you want to stay in Indonesia and how many days of the year you want to live in the property. This determines what visa should be applied for.
Whether the property will be used for commercial purposes opens up a whole other can of worms, including permits for the building to operate as business premises, business licenses, and then applications for the correct visa.
The nuances between business visas, investment visas, and work permits are another area in which foreigners are often caught out.
Editors Comments: Lawrence has 22 years of experience in Bali real estate sales. rentals and development market.
Foreigners and Bali Real Estate: A Clearer Picture
Following up on a recent Bali Newspaper article, some confusion arose regarding foreign ownership of property in Bali.
While the article might have been unclear, foreigners can indeed own property in Bali, but with limitations. Here's a breakdown for anyone considering a purchase: Consult a Bali Notaris before you put a down payment: These government-appointed officials provide accurate Unbiased. information on property ownership for foreigners.
Beware Unlicensed Agents: Many unlicensed individuals, from traveling surfers to former street vendors, pose as real estate agents. Their primary goal is a sale, not your long-term interests.
To ensure a smooth transaction, seek a reputable notary public. My wife, Azizah, is a prominent English-speaking notary in Bali Especially specializing in real estate transactions.. She offers a free one-hour consultation to discuss leasing or buying property. Mention you are contacting her at the recommendation of her husband, Lawrence. Her phone number is +628113864993.
Notaris Azizah. |
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
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