Jumat, 04 Agustus 2023

Prices of Houses that Foreigners Can Buy and Own in Indonesia

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By:
Team of Hukumindo

Previously, the www.hukumindo.com platform has talk about "7 Points That You Can Find Out Before You Set The Price for Renting Land in Indonesia", "Principles of Buying Land in Indonesia", you may read also "How To Buy Land In Indonesia?" and on this occasion we will discuss about 'Prices of Houses that Foreigners Can Buy and Own in Indonesia'.

Foreign Citizens (WNA) can now easily own a residence in Indonesia only with a passport basis. However, there is a minimum price for housing that can be purchased by foreigners. "Now (minimum price) for landed houses, the average is IDR 5 billion, for flats (flats) it's at least IDR 3 billion. A minimum of IDR 1 billion in some areas, in Jakarta it's 3 billion. In other places, it's at least IDR 5 billion for landed, in other (regions) there is IDR. 1 billion for landed," said Secretary General of the Ministry of ATR/BPN Suyus Windayana at the Socialization of Residential Ownership Regulations for Foreigners, at the Sheraton Hotel, South Jakarta, Thursday (3/8/2023).[1]

Based on the Decree of the Minister of Agrarian Affairs and Spatial Planning/Head of the National Land Agency Number 1241/SK-HK.02/IX/2022 concerning Acquisition of Residential/Residential House Prices for Foreigners the minimum price of housing that can be purchased by foreigners varies, depending on the area. The following is the minimum price for landed houses that foreigners can buy:[2]
  1. Special Region of Jakarta: IDR 5 billion
  2. Banten: IDR 5 billion
  3. West Java: IDR 5 billion
  4. Central Java: IDR 5 billion
  5. East Java: 5 billion
  6. Special Region of Yogyakarta: IDR 5 billion
  7. Bali: IDR 5 billion
  8. West Nusa Tenggara: IDR 3 billion
  9. North Sumatra: IDR 2 billion
  10. East Kalimantan: IDR 2 billion
  11. South Sulawesi: IDR 2 billion
  12. Riau Archipelago: IDR 2 billion
  13. Other Regions/Provinces: IDR 1 billion

The following is the minimum price for flats that can be purchased by foreign nationals in Indonesia: [3]
  1. Special Region of Jakarta: IDR 3 billion
  2. Banten: IDR 2 billion
  3. West Java: IDR 2 billion
  4. Central Java: IDR 2 billion
  5. East Java: IDR 2 billion
  6. Bali: IDR 2 billion
  7. Yogyakarta Special Region: IDR 2 billion
  8. Other Regions/Provinces: IDR 1 billion

On the other hand, residential ownership for foreigners is limited to a maximum of 2,000 m2. However, if the foreigners can have a positive impact on Indonesia's economy and society, it is possible that the area of ​​settlements owned can be wider. "Foreigners are only allowed, temporarily, to own a plot of land per family that has a land area of ​​not more than 2,000 (square meters) but what if it has a positive impact on the economy and social, then it can be given according to the minister's permission, so foreigners for landing while we limit it below 2,000 (square meters), unless there is permission from the ATR/BPN Minister," he said. "This is already one from Bali for land ownership over 2,000 (square) meters. We are currently studying it. We are checking the field, what is the land for, whether it has an impact on the surrounding economy or not, we are studying it," he said.[4]

For information, now, the government is making it easy for Foreign Citizens (WNA) to own a residence in Indonesia. Foreigners can own property in Indonesia even if they only have a passport. "So this is a bit different from the previous one. Previously we asked for KITAS and KITAP as well, now in the possession of foreigners the KITAS and KITAP will be given after the foreigner gets or buys property in Indonesia, so the positions are reversed," he said.[5] And if you have any legal issue in Indonesia territory, contact us then, feel free in 24 hour, we will be glad to assist you. 


*) For further information please contact:
Mahmud Kusuma Advocate
Law Office
Jakarta - Indonesia.
E-mail: mahmudkusuma22@gmail.com

________________
References:

1. "Harga Rumah yang Boleh Dibeli dan Dimiliki Orang Asing di Indonesia", www.detik.com., Almadinah Putri Brilian, Diakses pada tanggal 4 Agustus 2023, Link: https://www.detik.com/properti/berita/d-6857342/harga-rumah-yang-boleh-dibeli-dan-dimiliki-orang-asing-di-indonesia
2. Ibid.
3. Ibid.
4. Ibid.
5. Ibid.

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