PROPERTY NEWS – The rules on property ownership by foreigners increasingly showing a bright spot. This is because the common perception among stakeholders of legal certainty on property ownership by foreigners. With this common perception, the implementation of the rules can be run properly and strangers will no longer hesitate to buy property in Indonesia.
“with the same understanding, there is no longer an obstacle for foreigners who want to buy property in Indonesia. We hope the relevant agencies to disseminate apparent to all, “said Chairman of REI Eddy Hussy in the Forum Group Discussion (FGD), Assurance Policy Implementation of Property Ownership by Foreigners, in Rafles Hotel, Jakarta, Monday (10/31/2016).
Minister of Agricultural and Spatial Planning / Head of National Land Agency (ATR / BPN) Sofyan Djalil asserted, related Hak Pakai is no problem. The ownership status pursuant to Act No. 5 of 1960 on the Basic Regulation of Agrarian follow the subject. “Status Right of Use for the stranger, the same as the Right to Build (HGB) in the eyes of the law. Nothing is contrary to the applicable law, or a rule higher on it, “said Sofyan in his speech at the FGD was initiated by the DPP REI and Bisnis Indonesia that.
Hereinafter ATR / Head of BPN No 29 2016 on Procedures for Granting, release, or Transfer of the right to Housing Shelter or occupancy by stranger domiciled in Indonesia, noted that Hak Pakai happen if foreigners buy properties that already have the status of property rights or HGB, when purchased, the status Land ownership to the State and then given a change to Hak Pakai.
“the period of ownership of property by foreigners if it is found necessary to be made longer, then the Ministry of ATR / BPN will look into the matter. We see a communist country such as Vietnam have also been liberalizing its economy. In future we will be heading in that direction, “said Expert Ministry ATR / BPN JP Tamtomo which appear to be one of the speakers.
Meanwhile, other speakers, the Director of Residence Permit Immigration Ministry of Justice and Human Rights Friement FS Aruan convey, that does not No immigration provisions that make it harder for foreigners who want to own property in Indonesia. In Regulation No. 103 of the year 2015 has been confirmed that the requirement of foreigners to own property should have a residence permit.
“There are five types of residence permits set out in immigration rules, the Residence Permit diplomatic, Residence Permit office, stay permit visits , limited Residence Permit and Permanent Stay Permit. So the stranger his passport stamped by immigration, it means that foreigners already have a residence permit. So you can buy property in Indonesia, “said Friement.
On the other hand, Bank Indonesia asserts that there is no ban against the bank receives property under Hak Pakai as collateral. BI supports that banks started receiving right to use as collateral. Even BI, also allow banks give mortgages / KPA to foreigners with the provisions of the loan to value is the same as the citizens of Indonesia.
“BI and FSA no problem in giving credit to foreigners, including mortgage / mortgage. There are no distinctions DP for the citizen as well as foreigners, “said Yati Kurniati, Director of the Department of macroprudential Bank Indonesia.
propertynbank.com
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