Category: Indonesia

Buying Property in Bali: The Ultimate Guide

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Suggestion: Watch the 5 minutes video tutorial before reading this article

Bali is one of the most popular resort destinations in the world and is famous for its unique culture and beaches. People from all over the world decide to invest in real estate, or even settle here full-time.

Saying that the Bali property market has performed well in the past decade is an understatement, something we will review later in this article.

However, Indonesia is also notorious for having some of the most unfavorable foreign property ownership regulations in Asia. Before you invest in Bali real estate, you must get your feet wet, learn about local regulations, and work with credible partners.

In this article, we cover the basics when property in Bali.

Topics covered:

Continue reading Buying Property in Bali: The Ultimate Guide

How to Buy Property in Jakarta: A Complete Guide

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Suggestion: Watch the 5 minutes video tutorial before reading this article

Jakarta has is a major Asian city with a population of around 30 million people. Despite the current talks of relocating the capital to Kalimantan, Jakarta will lead the way for Indonesia’s growth in the coming decade.

Yet the city receives less attention from real estate buyers, which mainly boils down to the comparatively strict foreign property ownership regulations. This is something we cover in greater detail in this article.

Luckily, Indonesia is expected to relax the current regulations, which would have a tremendous impact on the real estate market.

In this article, we review how you can buy property in Jakarta, covering the most important topics.

Topics covered:

  • Jakarta’s Real Estate Market
  • Where should I buy property in Jakarta?
  • Property Developers in Jakarta
  • Real Estate Agents in Jakarta

Jakarta’s Real Estate Market

Property is still undervalued according to many investors, particularly the Chinese. Indonesia has a growing middle class, which has resulted in a shortage of property.

But the market has been stagnating for some years. The demand and occupancy rate has decreased by double digits in the past years. Continue reading How to Buy Property in Jakarta: A Complete Guide

Top Real Estate Agencies in Indonesia: The Definitive Guide

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indonesia-real-estate-agencies

Indonesia is the biggest country in Southeast Asia and most of the major real estate companies can be found here.

The companies primarily operate in Jakarta, but a handful of brands can also be found in Bali. Ray White is one example, due to the great influx of Australian tourists.

In this article, we list the major real estate agents in Indonesia, focusing on Jakarta and Bali.

1. JLL Indonesia

Jones Lang LaSalle (JLL) is a leading global brand based in the United States. In Asia, JLL has 32,000 employees and 83 offices in 16 countries, making it one of the region’s largest real estate service providers.

It’s also ranked as the second-biggest real estate agency in the world after CBRE Group, in terms of annual revenue.

The head office of JLL Indonesia is situated in Jakarta and with two additional offices in Bali and Surabaya. Continue reading Top Real Estate Agencies in Indonesia: The Definitive Guide

Top 9 Property Management Companies in Indonesia

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indonesia-skyline

Indonesia has a plethora of property management companies, including both boutique agencies and multinationals. The capital of Jakarta is the home of companies like Savills and JLL, while companies in Bali focus on the management of villas.

Finding a suitable property management company requires some thorough research, to suit your budget and project size. In this article, I list the leading property management companies in Jakarta and Bali.

Jakarta

Jakarta has a population of around 30 million people and one of Southeast Asia’s trading hubs. Many international and local corporations can be found here, driving the demand for property management services.

Below you can find the major property management companies in the city.

1. Cushman & Wakefield

Cushman & Wakefield is a multinational commercial real estate company that was founded more than a century ago. Based in the US, the company has more than 50,000 professionals working in 60 countries. Continue reading Top 9 Property Management Companies in Indonesia

How to Buy Industrial Real Estate in Indonesia: A Full Guide

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indonesia-land

Indonesia’s manufacturing sector plays a vital role in its economy, contributing to around 20% of the total GDP. The government’s goal of making Indonesia a top 10 economy by 2030 can only be met with manufacturing at its core.

Previously, Indonesia was famous for the production of agricultural products, including tobacco, rubber, coffee, tea, and sugar, for example.

Now, Indonesia has become a prime-spot for producers of automotive parts, cars, electronics, petrochemical products, and textiles in Southeast Asia, something that will continue to drive the economy in the coming decade.

As a result, we see a growing demand from foreign companies that want to invest in industrial real estate in Indonesia, something we review in detail in this article.

Topics covered:

  • Can foreigners buy industrial real estate in Indonesia?
  • Using a PMA Company to Invest in Industrial Property
  • Indonesia’s Industrial Real Estate Market
  • Industrial Clusters in Indonesia
  • Industrial Parks

Can foreigners buy industrial real estate in Indonesia?

Indonesia is infamous for having tough foreign ownership regulations and commercial property, including industrial real estate, is not available to foreign individuals. Continue reading How to Buy Industrial Real Estate in Indonesia: A Full Guide

Investing in Indonesia Office Space & Buildings: Foreign Buyer’s Guide

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indonesia-offices

Indonesia is the biggest country in Southeast Asia, both by size and land area.

On contrary to Cambodia and Thailand, where commercial activities are concentrated in a single city, Indonesia has a plethora of interesting investment destinations.

As Indonesia will be a major driver of the region’s eCommerce markets and remain as the biggest economy in ASEAN, increasingly more investors look for office space here.

In this article, I go into greater detail and explain how you can invest in office space in Indonesia.

Topics covered:

  • Can foreigners buy office space in Indonesia?
  • Indonesia’s Office Market
  • Major Commercial Cities in Indonesia
  • The Metropolitan Areas in Indonesia

Can foreigners buy office space in Indonesia?

Indonesia has one of the most regulated real estate markets for foreigners in Asia, something that the government is well aware of. Continue reading Investing in Indonesia Office Space & Buildings: Foreign Buyer’s Guide

Investing in Indonesia REITs: The Complete Guide

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indonesia-reit

Indonesia is currently one of the most interesting investment destinations in Asia and set to become a regional powerhouse.

In previous years, many foreigners have been standing on the sideline, waiting for the market to open and ownership regulations to become more relaxed.

Fortunately, the government plans to make real estate ownership more accessible, something that could benefit the market significantly.

Besides, even if there are fewer REITs available in Indonesia compared to countries like Singapore, we will probably see an introduction of more trusts in the coming years.

Topics covered in this article:

  • Can foreigners buy REITs in Indonesia?
  • How can I start buying REIT units in Indonesia?
  • What are the benefits of buying REITs in Indonesia?
  • List of REITs in Indonesia

Can foreigners buy REITs in Indonesia?

This is not a yes or no question but depends on what residential status you have in Indonesia. Continue reading Investing in Indonesia REITs: The Complete Guide

Indonesia Property Market Outlook for 2021: A Complete Overview

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indonesia-property-market

Indonesia is set to become a new economic powerhouse in Southeast Asia, attracting more individual investors and corporations from overseas.

Increasingly more foreign buyers, especially from China, have spotted investment opportunities in Indonesia’s real estate market.

I believe that Indonesia’s property market will become one of the most interesting in Asia – once we see further changes to regulations of foreign ownership of property.

In this article, we review how Indonesia’s property market has performed in the past years and what our predictions are for 2021. Continue reading Indonesia Property Market Outlook for 2021: A Complete Overview

How to Buy Land in Indonesia: A Complete Guide

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Indonesia is the biggest country in Southeast Asia and as wide as the distance from Paris to Kabul. In the coming years, Indonesia will see a great transformation as people urbanize and get higher disposable incomes.

The country will drive the eCommerce boom in Southeast Asia in the coming decade and investing in commercial real estate and land here has become increasingly interesting to foreign investors.

At the moment, foreign ownership regulations aren’t favorable and some of the toughest in the region. But, this is something that the government is clearly aware of, a reason why we will hopefully see changes to the regulations in the near future.

For example, according to the government, foreigners would be able to own real estate under the same conditions as locals, something I believe is unlikely.

With that said, they have indicated that foreigners will be able to buy real estate with “right to build” titles, which has been described as a “game-changer” among local agents.

Investing in land in Indonesia is still difficult and something that requires due diligence and great scrutiny. Therefore, I have written this article where I explain how you can buy land in Indonesia as a foreigner.

Topics covered:

  • Can foreigners buy land in Indonesia?
  • Buying Land Through a PT PMA Company
  • The Importance of Zoning
  • Land Prices in Indonesia
  • Taxes
  • FAQ

Can foreigners buy land in Indonesia?

As explained in my separate article that explains how foreigners can buy real estate in Indonesia, the country has some of the most stringent foreign ownership regulations in Asia.

It does not come as a surprise that foreign land ownership is out-ruled. Continue reading How to Buy Land in Indonesia: A Complete Guide

Buying Hotels in Indonesia: The Ultimate Guide

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indonesia-hotel-investment

Indonesia has one of the most promising real estate markets in Asia and mainly held back by unfavorable ownership regulations. Buying real estate here isn’t as easy compared to neighboring countries like Malaysia.

With that said, Indonesia becomes increasingly popular among foreign investors. It’s mainly thanks to the young and rapidly urbanizing workforce that will drive growth in sectors like hospitality, eCommerce, and manufacturing.

Investing in hotels here can be a big undertaking and requires thorough planning. To give you a helping hand, I have written this article where I explain the basics when investing in Indonesian hotels.

Topics covered in this article

  • Can foreigners buy hotels in Indonesia?
  • Proposed Changes to Indonesian Foreign Ownership Laws
  • Requirements to Open a Hotel in Indonesia
  • Interesting Cities and Islands for Hotel Investments in Indonesia
  • FAQ

Continue reading Buying Hotels in Indonesia: The Ultimate Guide