Tag Archives: Jakarta

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

jakarta-property-for-sale

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, I’ve included some of the most interesting new property projects and launches coming up in Jakarta. The article is updated on a regular basis, providing you the latest information.

You can also find a useful FAQ section in the end of the article, explaining about foreign ownership regulations, property prices, benefits of investing in Jakarta, and more.

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: 2019-10-09

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Top Conveyancing Lawyers in Indonesia: A Complete Guide

indonesia-conveyancing-lawyers

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

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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Top Real Estate Agencies in Jakarta: The Ultimate Guide

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

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

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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