Home/Property Directory/Overseas Property/Indonesia Property For Sale Indonesia Property For Sale Huge Selection of Indonesian Properties For Sale. Indonesia Property For Sale both Coastal & Inland. Indonesia Property For Sale To Suit All Budgets For many years Indonesia has decreed that land in Indonesia can only be owned by Indonesian citizens. Thus, if you want to buy a house (as a foreigner), they wouldn't have let you in the past.In the late 90s, new laws were enacted so that foreigners are now permitted to purchase apartments and office space in Indonesia if the building has a strata title status. This enables the foreigner to own the apartment or office space but not the land on which it stands. By Indonesian law a foreigner can not own land in Indonesia. If a foreigner chooses, he/she can own land 'indirectly'. To do this you need to have an agreement between the foreigner and an Indonesian, signed with the witness of a notary public. In the agreement the Indonesian is the 'legal owner' while acknowledging that the foreigner is the 'rightful owner' of the land and thus the Indonesian owner would carry out any instructions from the foreigner regarding the land, including selling the land at certain price with the funds to be paid to the foreigner owner. It is not clear, however whether or not these types of agreements are at all enforceable under Indonesian law and the foreigner is at risk in the true ownership of his investment. All land titles within Greater Jakarta (DKI) are subject to the conditions of Presidential or Governor's decrees. Essentially, this affects the provisions for Hak Milik titles in the Jakarta DKI area.
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