Property & Land Ownership in Indonesia
Offering a wide range of business opportunities, Indonesia is often seen as an attractive Asian country for foreign investment. One of the sectors currently thriving is the construction industry, valued at USD 238 billion in 2021 and projected to by more than 5% in the next four years.
This projection will attract more interest from investors, which will aid in job creation. With such an optimistic projection, foreign investors need more convenience regarding property regulation and land ownership in Indonesia.
The Minister of Agrarian Affairs and Spatial Planning/Head of the National Land Agency has issued Regulation No. 18 of 2021 on Procedures for the Determination of the Right to Manage and Rights over Land.
The regulation states that foreigners who have secured immigration documents could own landed houses or multistory housing that occupy certain types of land with specific requirements:
1. Landed houses
2. Multistory housing, which falls into the commercial category
Cekindo will provide the necessary assistance to help you obtain the property and land ownership requirements.
Lands Title Available in Indonesia
Once your desired land or property has been obtained, you should attain some titles.
The Agrarian Law specifies several regulations concerning the titles and rights over land in Indonesia.
The Price Mechanism of Land & Property Ownership
for Foreigners in Indonesia
Other than the relevant documents, foreigners must comply with the price mechanisms to obtain land & property ownership in Indonesia. The price varies in every region. Find the details below.
|No||Region||Minimum Value to Purchase by Foreigners*|
|Landed House||Multistory Housing|
|1||Jakarta||IDR 10 billion||IDR 3 billion|
|2||Bali||IDR 5 billion||IDR 2 billion|
|3||Batam||IDR 3 billion||IDR 1 billion|
|4||Banten||IDR 5 billion||IDR 2 billion|
|5||East Java||IDR 5 billion||IDR 1.5 billion|
|6||West Java||IDR 5 billion||IDR 1 billion|
|7||Yogyakarta||IDR 5 billion||IDR 1 billion|
|8||Central Java||IDR 3 billion||IDR 1 billion|
|9||West Nusa Tenggara||IDR 3 billion||IDR 1 billion|
|10||North Sumatra||IDR 3 billion||IDR 1 billion|
|11||East Kalimantan & South Sulawesi||IDR 2 billion||IDR 1 billion|
|12||Other Regions||IDR 1 billion||IDR 750 million|
Cekindo will professionally arrange the most suitable and risk averse plan for your land & property ownership investment in Indonesia.
*The scheme can change at any time