Tag Archives: Indonesia

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

david-chambat

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.

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

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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.

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

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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

Do you plan to buy property in Indonesia?
Click here to get in touch with an experienced agent

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

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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

Do you plan to buy property in Indonesia?
Click here to get in touch with an experienced agent

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

Do you plan to buy property in Indonesia?
Click here to get in touch with an experienced agent

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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