Further info re apartments & ...


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Posted by Mic on Monday, 20. June 2011 at 12:38 Bali Time:

In Reply to: good info. E.o.m. posted by charliebalibear on Friday, 17. June 2011 at 16:13 Bali Time:

Right to Use Title (HP or Hak Pakai, Article 41-43)

The link below seems to have more detail/explanation on this
eg

"Based on a Presidential Decree issued in June 1996, foreigners domiciled in Indonesia are allowed to own one residential property. To meet the regulations of ownership of a house or an apartment, a foreigner must be deemed to be "beneficial to national development" and must be either:

An Indonesian resident (domiciled permanently in Indonesia) in possession of a permanent resident permit;
A non-resident (domiciled in Indonesia only at particular times) in possession of appropriate visit and immigration stamps in his/her passport."

"...An apartment can only be purchased by a foreigner on land with right of use (Hak Pakai). Foreigners are not, however allowed to purchase houses or apartments classified as "low cost housing" or "very low-cost housing"..."


http://ppbali.com/indonesian-law-guide.php



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