How to Buy Property in Jakarta: A Complete Guide

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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

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

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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.

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

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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