In Reply to: New system for foreigners........ posted by Rangatira on Monday, 27. February 2006 at 09:16 Bali Time:
Rangatira, this sounds like:
"Right to Use Title (HP or Hak Pakai, Article 41-43)
The Right of Use on Land (HP) is the right to use land for any purpose for a period of 25 years, and can be extended for another 20 years. This type of title should not be confused with a lease contract or sharecropping agreement.
Foreign residents of Indonesia and Indonesian legal entities (including PMA companies) may hold HP titles. HP title has no collateral value to the owners and is not transferable."
This has been around since 1996 and applies only to the person and cannot be sold or bequeathed as far as I can see. Would love to be proved wrong in this.
See thread at top about secure land ownership.
Cheers,
Dave