Rules revised foreign ownership of property in Indonesia immediately released later this year. Head of Investment Coordinating Board (BKPM) Gita Wirjawan explains foreigners to lease property in Indonesia for 90 years.
"Foreigners can own property only restricted to the strata (apartment), but if for a house can not," he said in Indonesian Investment Forum in Jakarta, (29 / 9). Gita add foreign ownership is restricted to the strata title at level four and above.
Rules of property ownership for foreigners is a PP change. 41 of 1996 in which will allow foreigners renting properties in Indonesia will soon be poured. Nevertheless, the government will not give you absolute freedom over foreign ownership.
Restrictions determined by considering the foreign mechanism to finance the purchase of property in Indonesia. For example, whether financed by local banks to rely on property investment, then with the rent installment purchase of the property.
Changes in regulations that allows foreigners to own a property in Indonesia was expected to drain as much as U.S. $ 2-3 billion of foreign investment into the country. of Property
Rules revised foreign ownership of property in Indonesia immediately released later this year. Head of Investment Coordinating Board (BKPM) Gita Wirjawan explains foreigners to lease property in Indonesia for 90 years.
"Foreigners can own property only restricted to the strata (apartment), but if for a house can not," he said in Indonesian Investment Forum in Jakarta, (29 / 9). Gita add foreign ownership is restricted to the strata title at level four and above.
Rules of property ownership for foreigners is a PP change. 41 of 1996 in which will allow foreigners renting properties in Indonesia will soon be poured. Nevertheless, the government will not give you absolute freedom over foreign ownership.
Restrictions determined by considering the foreign mechanism to finance the purchase of property in Indonesia. For example, whether financed by local banks to rely on property investment, then with the rent installment purchase of the property.
Changes in regulations that allows foreigners to own a property in Indonesia was expected to drain as much as U.S. $ 2-3 billion of foreign investment into the country. Indonesia Today
