subject: Property In Indonesia: Assets Away From Home [print this page] Everybody invests in one thing or another, some choose gold and diamonds and others choose properties. Property investments certainly involve higher risks but with greater risks come even greater rewards. If youve kept yourself updated on the Republic of Indonesia, you should be aware of its recent FDI hike, Foreign Direct Investment, earlier this year. Its apparent that the international business world was has set its eye on the countrys economy and I suggest you do the same.
Have you considered investing in assets beyond your horizon, foreign assets that is? Perhaps its time to shift your gaze from the comfortable zone you perceive around you and think international. The hunt for property in Indonesia seems to be spreading steadily around the globe, the train is leaving, and do you want to look back one day regretting not getting on it.
Foreigners arent allowed to own any sort ground units and only granted 70 years leases for apartments and units in tall buildings. Fortunately the rules and regulation around this topic is constantly being amended and there are loopholes such as the Convertible Lease Agreement, getting a citizen to purchase it under his name but you remain the rightful owner or just simply earning citizenship or marrying a citizen. It would be advisable to be cautious when dealing with these transactions and a lawyer around keeps the mistakes away.
The more common property in Indonesia that is sought by foreigners would be apartments, condominiums, studio apartments, land, ground units and bungalows. The pricing of real estate in Indonesia varies from provinces and islands. A good example would the price of a regular apartment in Bali will certainly be more expensive that one in Bandung because Bali is a tourist destination. Nevertheless, investing in Bali or Jakarta, the capital of Indonesia will be the best thing to do.
With prices of prime land assured to double in a few years, greasing your palm with some foreign assets cant hurt. Be sure to obey the rules and the research the history of a place before you lease it or buy it.
