PROPERTY OWNERSHIP FOR FOREIGN CITIZENS
In Indonesia’s national land law, there is a principle of “Prohibition of Land Alienation” (gronds verponding verbrood), namely the prohibition of land ownership with rights other than usufructuary rights to be owned by foreigners. The consequence of this principle is that foreign nationals cannot own land with ownership rights in Indonesia (only permitted with usufructuary rights). This is regulated in articles 42 and 45 of Law no. 5/1960 concerning Basic Agrarian Regulations; Article 39 PP No. 40/1996 concerning HGU, HGB and Land Use Rights; PP No. 41/1996 concerning Ownership of Residential or Residential Houses by Foreigners Domiciled in Indonesia. But now, with the promulgation of PP No. 103/2015 (State Gazette No. 325/2015), which regulates “Or Ownership of Residential Homes by Foreigners/Foreigners Domiciled in Indonesia)” on December 28, 2015, the provisions in PP No. 41/1996 was declared repealed and no longer valid. There are several conditions that must be met by foreigners to be able to buy property in Indonesia, namely:
MINIMUM PRICE OF A HOUSE OR DESIGN THAT A FOREIGN PERSON CAN OWN
RUMAH TUNGGAL
No. | Lokasi/ Provinsi | Harga Minimal (Rupiah) |
1. | DKI Jakarta | 10 miliar |
2. | Banten | 5 miliar |
3. | Jawa Barat | 5 miliar |
4. | Jawa Tengah | 5 miliar |
5. | DI Yogyakarta | 5 miliar |
6. | Jawa Timur | 5 miliar |
7. | Bali | 5 miliar |
8. | NTB | 3 miliar |
9. | Sumatera Utara | 3 miliar |
10. | Kalimantan Timur | 2 miliar |
11. | Sulawesi Selatan | 2 miliar |
12. | Daerah/ Provinsi Lainnya | 1 miliar |
SARUSUN
No. | Lokasi/ Provinsi | Harga Minimal (Rupiah) |
1. | DKI Jakarta | 3 miliar |
2. | Banten | 2 miliar |
3. | Jawa Barat | 1 miliar |
4. | Jawa Tengah | 1 miliar |
5. | DI Yogyakarta | 1 miliar |
6. | Jawa Timur | 1,5 miliar |
7. | Bali | 2 miliar |
8. | NTB | 1 miliar |
9. | Sumatera Utara | 1 miliar |
10. | Kalimantan Timur | 1 miliar |
11. | Sulawesi Selatan | 750 Juta |
12. | Daerah/ Provinsi Lainnya | 1 miliar |