How to Invest in Commercial Property in Indonesia: A Complete Guide

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Indonesia has become one of the most interesting investment destinations in Asia. With that said, foreign commercial property buyers have been standing on the sideline due to unfavorable property ownership regulations.

Over the years, the Indonesian government has issued new reforms, but we’ve not seen radical changes. There’s most likely more to come.

That said, 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
  • Hotels
  • Office Space
  • Retail Property
  • Industrial Real Estate and Warehouses
  • Car Parks
  • Best Cities to Invest in Commercial Property in Indonesia
  • Commercial Property Taxes

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.

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Buying Property in Indonesia: The Definitive Guide

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

Do you plan to buy property in Indonesia?
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Indonesia is often overshadowed by neighbouring 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 much 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:

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Buying Property in Bali: The Ultimate Guide

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

Do you plan to buy property in Indonesia?
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Bali is the to-go resort islands for many Australians and other Westerners that decide to either travel or buy real estate in Asia. You’ll also find many locals and Asians that invest in property here.

Saying that the Bali property market has performed well the past decade is an understatement.

Yet, it’s important to keep in mind that Indonesia is notorious for having some of the most tricky and most unfavourable foreign property ownership regulations.

Not to forget, is now the right time to buy or is the market at its peak?

What you’ll learn in this article

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Indonesia Property Market Outlook in 2019: A Complete Overview

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Indonesia is set to become a new economic powerhouse in Southeast Asia, luring investors from overseas.

Increasingly more foreign buyers, especially from China, have spotted investment opportunities in Indonesia’s real estate market. I personally believe that Indonesia will become more and more interesting, once we see regulatory changes to foreign ownership of property.

If you plan to buy property in Indonesia, it’s important that you understand how healthy the market is, where we currently are in the market cycle.

In this article, I explain how Indonesia’s property market has performed the past years and what my predictions are for 2019.

Indonesia’s property market in 2017 & 2018: A throwback

Indonesia’s property market has slowed down the past years, after experiencing a sharp growth from the end of 2012 and throughout 2013. The Federal Reserve Bank of St. Louis has made an illustrative graph showing the price changes, and the decline starting in 2013.

As shown, the average price increase has slipped from 14% in 2013, down to around 3% in 2017 and 2018.

There are four main reasons for this decline:

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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 in the end of the article, explaining about 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 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

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The 6 Cheapest Places to Buy Real Estate in Asia: A Complete Guide

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A commonly asked question among property buyers is where they can find the cheapest properties.

One should bear in mind though that it’s not easy, nor very important, to discuss property prices on national levels. It’s better to focus on a handful of cities, or the capitals, places where a big part of investors tend to go.

In this article, I list the countries with the cheapest land, houses, and apartments in Southeast Asia/Asia.

Before we deep dive into, I want to mention that I haven’t taken countries such as Mongolia, Brunei and Sri Lanka into consideration.

6. Thailand

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Top 5 Countries With Asia’s Highest Yields

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Buying property overseas needs thorough consideration and planning. The rental yield is one of the most important aspects to many investors. Future outlook, capital appreciations, living standards and personal preferences are important to others.

A frequently asked question is in which countries foreign buyers can find the highest rental yields in Asia. I’ve done some vast research, but found little information, most websites pointing to one source.

Therefore, I decided to write about this topic myself. In this article, I list the countries with the highest rental yields in Asia.

Introductory remark

I’ve intentionally excluded Cambodia from this article, as I couldn’t find sufficient data and sources.

CBRE Cambodia claims that residential rental yields ‘can’ reach between 5-7% in Phnom Penh, a general number which makes it hard to compare.

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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.

Introductory remark

The real estate agencies are listed in a random order.

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 works 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

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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.

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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 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 opened 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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