Can foreigners buy apartments are Rp5 Billion in Jakarta

Housing-Estate.com, Jakarta – Currently foreigners can buy property in Indonesia in the form of apartments and houses footprint (landed house). Accordance with the Regulation of the Minister (Candy) ATR / BPN No. 29/2016 of the property can be purchased with status Use Rights for 30 years and can be extended twice for 20 and 30 years bringing the total to 80 years. The property can also be inherited.

Anandamaya Residences

“There’s no doubt about it, now foreigners may buy a house or apartment and the (purchase) could be funded by the bank. Now banks are less interested because of the status of use rights are considered lower than the building rights (HGB), whereas the rights of use and HGB no difference, now living socialization, “said Minister of Agrarian and Spatial Planning / Head of National Land Agency (ATR / BPN) Sofyan Djalil, the housing-estate.com on discussion Policy Implementation Assurance property Ownership by foreigners held Real Estate Indonesia (REI) in Jakarta, Monday (31/10).

foreigners in Indonesia will buy enough property showing a passport. Other requirements they must not be left Indonesia one year in a row. If the conditions are not met then the property automatically fall to the heirs or taken over by the state. This requirement is relatively easy because he had just come one day for a year so that ownership of property is not lost.

In Jakarta apartments that can foreigners purchase price of at least 3 billion per unit, while the tread house Rp10 billion. In other areas the limit is lower, in Banten price of at least 2 billion apartment, house Rp5 billion and West Java respectively 1 billion and 5 billion. In Bali, the price of the apartment of at least 2 billion, the home Rp5 billion, and other areas of the lowest start to Rp750 million for apartments and houses 1 billion.

“With this rule is very clear developers can market (to foreigners) and banks could finance. The point we want to make business, especially in the property sector back alive, “he concluded.

housing-estate.com

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