Can a foreigner own an apartment in Indonesia?

Can a foreigner own an apartment in Indonesia?

In 2020, foreigners can own apartments through 30-year lease agreements with 20 year extensions; they can obtain, but not own, landed houses through leases.

Can foreigner buy house in Indonesia?

House Ownership of Foreigners Residing in Indonesia According to Government Regulation No. 103/2015 on House Ownership of Foreigners Residing in Indonesia, it allows foreigners who reside (legally) in Indonesia to own landed houses in Indonesia for a period up to 80 years.

Where do expats live in Indonesia?

Only around 350,000 expats live in Indonesia, with the vast majority living in Jakarta. Within the capital, the neighbourhoods of Sudirman, Kuningan and Menteng are the most popular with foreigners, due to being close to the commercial and cultural centres of the city.

Is it cheap to live in Indonesia?

Low Cost of Living Living in Indonesia is cheap, unless you’re constantly buying imported luxury items. The tax regime is also favourable, from 5% to 30%. You can rent a basic two-storey house for about Rp50 million (US$3,530) a year or a simple apartment for Rp36 million (US$2,545) a year.

Can you buy property in Bali as a foreigner?

The only way foreigners can safely invest in property or buy land in Bali is by owning an Indonesian legal entity- a PT PMA. Property owned by a foreigner may not be freehold ownership, but the Right to Build and Right to Use titles give you clear legal grounding.

What is the best place to live in Indonesia?

Five Best Places in Indonesia That Are Filled With Expats

• Kemang, South Jakarta. When discussing the best places to live in Jakarta – Indonesia, Kemang has long been at the top of the list.
• Menteng, Central Jakarta.
• Cikarang, Bekasi.
• Sanur, South Denpasar.
• Yogyakarta.

Can I just move to Indonesia?

Only foreigners living in Indonesia on temporary or permanent permits are allowed to buy houses to live in or sublet. In addition, if an expat investor can prove that their business will bring value to the Indonesian people and the environment they live in, they will be allowed to own land or property.

How much does an apartment cost in Indonesia?

Cost of Living Averages Table for Indonesia