Foreign Ownership of Property by Foreigners

In relation to property ownership for foreigners in Indonesia, there are several requirements that need to be noted. Foreigners who wish to own property in Indonesia must provide a positive contribution to the country, such as through business, employment, or investment. They also need to possess immigration documents such as a valid passport, visa, or residence permit.

Regarding property ownership itself, foreigners are allowed to purchase new (primary) or old (secondary) houses, as well as acquire land rights. For landed houses, the right of use is granted, whereas for condominium units, they can obtain individual ownership rights.

Furthermore, there are limitations that need to be observed in terms of property prices and land area. The minimum property price is set according to the region, and this regulation is governed by Ministerial Decree ATR/BPN No. 1241/SK/HK.02/IX/2022. As for land area and the number of units, foreigners are only permitted to own one landed house unit with a maximum land area of 2000m². However, for condominium units, there are no restrictions on size or quantity.

In terms of the conditional sale and purchase agreement (PPJB), it is important to note that all existing PPJB agreements before September 12, 2022, remain valid and can be converted into a deed of sale that complies with the regulations prior to the enactment of Ministerial Decree ATR/KBPN No. 1241/SK/HK.02/IX/2022. For foreigners falling under the diaspora category, a 75% discount is applied to the prices listed in Ministerial Decree ATR/KBPN No. 1241/SK/HK.02/IX/2022.

By understanding these requirements and limitations, foreigners can follow the necessary steps to obtain property ownership in Indonesia accurately and in accordance with the applicable laws.

 

Source: Guidelines on Foreigners’ Property Ownership in Indonesia


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