Category: Indonesia

Investing in Indonesia Commercial Property: Foreign Buyer’s Guide

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Indonesia is the biggest and one of the fastest-growing economies in Asia. Commercial property buyers have been standing on the sideline, waiting for the change of unfavorable property ownership regulations.

As mentioned in other articles, the government is well aware of the problem and has issued new reforms. We’ve not seen radical changes, but there’s more to come within the near future, hopefully.

Navigating the Indonesian real estate market can be a truly daunting task, something we will review in greater detail in this article.

Today, we review the following:

  • Can foreigners buy commercial property in Indonesia?
  • Indonesia’s Commercial Property Market
  • Cities to Invest in Commercial Property
  • Commercial Property Taxes
  • FAQ

Can foreigners buy commercial property in Indonesia?

Indonesia is infamous for having some of the strictest foreign ownership regulations in Asia. However, regulations differ greatly if you buy property as an individual or through a company. Continue reading Investing in Indonesia Commercial Property: Foreign Buyer’s Guide

Buying Property in Indonesia: The Definitive Guide

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

Indonesia is often overshadowed by neighboring countries like Malaysia and India in the media. Being Southeast Asia’s richest and biggest country in terms of population, it’s a bit undeserved.

Sure, Indonesia is set to become a new powerhouse and many manufacturing operations move here. Still, many foreigners have looked elsewhere as foreign property ownership regulations can be both vague and unfavorable.

There are signs that the government tries to increase foreign investment, something that will be needed to be competitive with its neighboring countries in the coming decade.

If Indonesia decides to change its property ownership regulations, the market is set to boom. Before you buy property, it’s important that you get your feet wet and learn about the market, property prices, taxes, and more.

In this article, you’ll learn the following:

Continue reading Buying Property in Indonesia: The Definitive Guide

Property for Sale in Jakarta: 5 Interesting New Projects & Launches

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Jakarta is a major Asian hub with around 30 million people. With Indonesia set to become a new powerhouse in Asia, Jakarta will undoubtedly lead the way.

We’ve seen similar trends in Vietnam and Cambodia, where Ho Chi Minh City and Phnom Penh receive the most foreign direct investment.

In this listing article, you’ll learn about some of the most interesting new property projects in Jakarta, including condos, commercial property, and more.

The article is updated on a regular basis, providing you with the latest information.

And don’t forget to read our useful FAQ at the end of the article, explaining foreign ownership regulations, property prices, and the benefits of investing in Jakarta.

Viewing the projects and surrounding areas in Google Maps (Street View)

To check the projects and surrounding areas in Street View, simply zoom in on the area of the marker and pull the orange-colored Pegman to the marker, or nearby areas. To go back to Google Maps, press the arrow in the top left corner.

Latest Update: 2018-10-09

Continue reading Property for Sale in Jakarta: 5 Interesting New Projects & Launches

Top Conveyancing Lawyers in Indonesia: A Complete Guide

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Indonesia is the most populous country in Southeast Asia and predicted to become an economic powerhouse, once the government manages to change the current foreign ownership regulations.

Indonesia is not as transparent and easy to navigate in comparison with countries like Malaysia and Singapore, one of the first things you should do is to find a reputable conveyancing lawyer, who can minimize the risk for problems later.

In this article, I list some of the biggest and most popular real estate conveyancers in Indonesia.

1. HHP Law firm

HHP Law Firm was founded in 1989 and is recognized as one of the leading full-service law firms in Indonesia. Also known as Hadiputranto, Hadinoto & Partners, HHP now works with some of the biggest Indonesian and international businesses and is a member of Baker McKenzie International.

The current managing founder is Timur Sukirno, who leads the team of more than 100 lawyers who work in their Jakarta office. He has a long experience in real estate, has earned degrees in both Boston and Indonesia, and previously worked in Hong Kong. HHP also has several lawyers from North America and Europe, working as foreign legal consultants.

Awards won by the company in the last few years that include:

a. Indonesia Domestic Law Firm of the Year by the Chambers Asia Pacific Awards 2017

b. They were named as the Indonesian Law Firm of the Year for the year 2014 and 2016 by the ALB Indonesia Law Awards

c. In addition, they’re ranked as the tier 1 real estate law firm by the Legal 500, Chambers Asia Pacific, and IFLR 1000

Services offered

Continue reading Top Conveyancing Lawyers in Indonesia: A Complete Guide

Foreign Buyer’s Guide for Bali Villas: By David Chambat

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Bali is one of the most sought after locations when Asians and expats look for a place to reload their batteries. Some (or should I say many) people take it a bit further and actually buy a property here.

Vacant land prices have grown with rates that hasn’t been seen elsewhere and luxury property prices increased by 15% from year-to-year. A common option is also to rent a villa as foreign ownership regulations aren’t the most favorable in the region.

Today, I have David Chambat with me who founded Villa-Bali in 2012. Currently living in Singapore, he realized that booking a Bali villa was still a challenging thing to do. The company has dozens of employees and offers neat services to foreigners who wish to rent some of the best villas on the island.

In this interview, he’s sharing some of his best advice when buying and/or renting a villa here.

Hello David, thanks for having you. Let’s start with an introduction so that our readers can know a little bit more about yourself and your company. Where are you currently operating and what services does your company offer?

We started Villa-Finder.com from Singapore in 2012 to offer the best experience when booking and staying in a villa in Asia. Our motto at that time was “It has never been easier to book a villa in Asia”.

In a very fragmented Asian villa market, diverse in terms of style and quality, we are able to not only offer a guaranteed, secured booking service, but also a great Concierge service in our Asian destinations.

Since 2016, we have also started a distribution platform to help villa owners distribute and market their villas worldwide.

Currently, we market over 1,500 villas in Bali, Phuket, Samui, Sri Lanka and Mauritius.

Can you explain about the general regulations that apply when foreigners lease or buy a villa in Bali?

There are 2 types of systems in Bali: Freehold and Leasehold.

Continue reading Foreign Buyer’s Guide for Bali Villas: By David Chambat

Top Real Estate Agencies in Bali: The Ultimate Guide

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Bali is one of the most visited resort islands in the world, even if Indonesian property regulations aren’t the most favorable to foreigners, many investors decide to buy properties here.

Despite its size, you can find a number of real estate agents in Bali, owned by locals and foreigners, but you rarely find summarized information about the agents.

Therefore, I decided to write this article where I list some of the biggest and most popular real estate agencies in Bali.

Let’s have a look.

1. Ray White

Ray White is a leader in the Indonesian housing market. Founded in 1902 in Queensland, Australia, Ray White has expanded worldwide over the years.

However, the group still remains family-owned and has passed on its leadership to the third-generation leaders: Brian White and Paul White.

Brian White joined the company in 1962 after completing an economics degree at Queensland University and took over as the managing director in 1976.

Prior to joining the family business, his brother, Paul White worked in rural Queensland running cattle and grain property. He is now responsible for Ray White Rural for rural properties. The fourth-generation leaders also serve on the board of directors.

In 2004, the Bali office opened in Kuta and now has 20 staff. They cooperate with several developers to market their properties, such as The Rich Prada, TAUM Aston Seminyak, Legian Nirwana, New Kuta Condotel, and others.

In 2015, Ray White Kuta won the Favorite Bali Property Agency award from Rumah123.com.

Property types

Continue reading Top Real Estate Agencies in Bali: The Ultimate Guide

Top Real Estate Agencies in Jakarta: The Ultimate Guide

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Jakarta is the capital and economic powerhouse of Indonesia, even if regulations are not as favorable to foreigners compared to other countries in the region, many investors want to explore the opportunities to invest here.

Most international real estate companies have established offices here, you can also find local agencies that are ready to help both locals and foreigners.

Finding a reputable real estate agent is the key to minimize risks when you buy property in a developing country in Indonesia.

Therefore, I’ve written this article where I list some of the biggest and most popular agencies in Jakarta.

1. Brighton Indonesia

Brighton has grown much since its inception in 2011, starting with one office and 20 professionals, the company currently has more than 1200 agents working in 20 different offices, all over Indonesia.

It’s a franchise company with a presence in Jakarta and a number of other cities.

Property types

Continue reading Top Real Estate Agencies in Jakarta: The Ultimate Guide

Top 10 Property Developers in Indonesia: A Complete Guide

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Indonesia’s property market becomes increasingly interesting as the government plans for further changes of ownership regulations.

Even if Asians and expats prefer to buy new properties in Southeast Asia, Indonesia is one of a few countries where you have no option other than to buy directly from developers.

In this article, I list some of the biggest property developers in Indonesia, many of them with headquarters in Jakarta:

  • Agung Podomoro Land
  • Lippo Group
  • Sinas Mas Land
  • Agung Sedayu Group
  • RDTX Group
  • Ciputra Group
  • Duta Anggada Realty
  • Permata Birama Sakti
  • PP Properti
  • Tokyu Land Indonesia

1. Agung Podomoro Land Tbk PT

Founded by Anton Haliman in 1969, Agung Podomoro Group is one of the top developers in Indonesia, known for building large scale projects.

Its property arm APLP is a relatively new subsidiary founded in 2004 but has already won several awards in the last few years, including the best developer in 2017 by BCI.

So far, they’ve completed more than 70 residential projects.

Property types

APLN develops mostly residential projects including townships, large-scale villages, integrated development projects, and high-rise apartments. They’ve also developed a few industrial parks along with other commercial, retail, and leisure properties.

Current projects

  • Orchard Park
  • Podomoro Golf
  • Metro Park Residence
  • Makassar Project
  • Borneo Bay Residence
  • Future projects
  • Pluit City
  • SOHO City
  • Harco Glodok
  • Plaza Kenari Mas
  • Vimala Hills

Prices & Areas

a. The price of a house in Podomoro City ranges from around USD 1.5 – 2 million

b. The price of a 630 square meter house in Kuningan City is around USD 3 million

2. Lippo Group

Continue reading Top 10 Property Developers in Indonesia: A Complete Guide