Tag Archives: Indonesia

Top Real Estate Agencies in Bali: The Ultimate Guide

bali-real-estate-agents

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.

Introductory remark

The real estate agents are listed in a random order.

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 in Queensland University and took over as the managing director in 1976. Prior 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 was open in Kuta and now has 20 staffs. 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

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Top Real Estate Agencies in Jakarta: The Ultimate Guide

jakarta-real-estate-agencies

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.

Introductory remark

The real estate agents are listed in a random order.

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 presence in Jakarta and a number of other cities.

Property types

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Top Real Estate Agencies in Indonesia: The Definitive Guide

indonesia-real-estate-agencies

Indonesia is the most populous and the richest country in Southeast Asia. The country is predicted to become an economic powerhouse in the future and has a rapidly growing middle class.

However, regulations are still not favorable to foreigners, but the government won’t have any other options than to change these, if Indonesia is to compete with other countries in the region. Once it does, the property market is expected to boom. Many foreigners, especially the Chinese, have understood this and decided to enter the market in an early stage.

You can find many international but also local real estate agencies in the country, especially in the capital Jakarta. But it’s not easy to find summarized information about the companies. Therefore I’ve written this article where I list some of the biggest and most popular real estate agencies in Indonesia. Let’s have a look.

Introductory remark

The real estate agencies are listed in a random order.

1. JLL Indonesia

JLL, also known as Jones Lang LaSalle, is a leading global brand and Fortune 500 company based in the United States. The company has a presence in 80 countries and currently employs around 80,000 people in 300 offices across the globe. It’s also one of the largest real estate agencies in Asia with 32,000 employees and 83 offices in 16 countries.

JLL is ranked as the second largest 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.

So who’s heading JLL Indonesia?

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How to Buy Property in Jakarta: A Complete Guide

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

With a population of around 30 million people, Jakarta is set to boom once the government changes the regulations of foreign ownership. But ownership regulations are not very transparent nor favorable, compared to other countries in the region, which has resulted in a more passive approach.

Still, many foreigners have already decided to invest here, as they’ve seen the great potentials that will follow the coming years.

In this article, I explain more about Jakarta’s property market, about local property developers and which areas you should have a look at when buying property.

Jakarta real estate market

It’s important that you understand how healthy the market is where you plan to buy property. You don’t want to buy at the peak and see your property value slump after just a couple of years.

So how’s it going in Jakarta?

Property is still undervalued according to many investors, including the Chinese, who plays a big role in its neighboring countries. Indonesia has a huge consumer market, a continuously growing middle class, which has resulted in a great shortage of property as well.

But the market has been stagnating for some years now, in fact, the demand and occupancy rate has decreased by double digits. A weakened demand from the Chinese and the introduction of a 20% luxury for properties worth more than USD 750.000 are two reasons.

Unfavorable regulations of foreign ownership discourage buyers

Regulations of foreign ownership is not very favorable (see my separate guide about buying property in Indonesia), and another reason why foreigners have been discouraged to buy.

Foreigners can’t get freehold ownership, not even of condos. Instead, they need to deal with a number of other title structures that give them the right to either use or lease.

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Top 10 Property Developers in Indonesia: A Complete Guide

property-developers-indonesia

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

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

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

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. It’s 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 develop 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 the 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

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Buying Property in Bali: A Complete Guide

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

Famously known for having some of the most beautiful beaches in the world, it’s not surprising why many foreigners decide to invest in a Bali property.

But there are regulations to foreign ownership that’s different compared to other countries in the region. It’s important that you know whether you’re even capable of buying property as a foreigner.

In this article, I explain the basics you need to know if you want to buy a property in Bali.

Bali property market

Bali receives a big chunk of foreign investors, mainly from Southeast Asia, China, Europe and Australia, but also locals.

Prices have increased massively the past 10-15 years, in fact, Bali is one of the places where the property market has performed the best in Asia:

a. Luxury property prices have increased 15% year-to-year

b. Price appreciations of vacant land have been the highest in the whole world

This has resulted in a stagnation in property prices. After years of a continuous uptrend, the market has cooled down.

Some other outspoken reasons why the Bali property market has stagnated are:

a. Problems with local infrastructure, for example, lack of clean water

b. Oversupply of property, due to lack of property regulations and zoning

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How to Buy Property in Indonesia: The Definitive Guide

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

Despite its rapidly growing economy and great potentials, Indonesia is often overshadowed by neighboring countries like Malaysia and India in the media.

It’s not strange whatsoever, as foreign ownership regulations are not as relaxed as other countries in the region.

There are signs that the government is trying to increase foreign investment, something that will be needed to be competitive.

If Indonesia decides to loosen on regulations to foreign ownership, the market is predicted to boom, something you should beware of well in advance.

In this article, I explain about Indonesia’s property market, foreign ownership regulations, where you should buy and more.

Can foreigners buy property in Indonesia?

Even if Indonesia is starting to open up to foreign investment, you’re still not capable of buying and owning freehold property as a foreigner.

Instead, you can acquire different titles that allow you to lease, use or build physical structures on that property (land). I will explain more about the different titles later in this article.

Still, it’s not uncommon that foreigners, in places like Bali for example, let Indonesian nominees hold the freehold title for them, although this is risky as you’re not protected under Indonesian laws.

What property can I acquire?

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