Good news for property investment in Bali, Indonesia New property rules will allow foreigners owning freehold of a real estate in Bali province. As you know Bali is the best destination in all around the world, this is make Donald Trump join with MNC group invest in Tabanan Regency Bali Indonesia. The rules revision will lend support and perhaps counterbalance the slowdown in economic conditions said head of research for Southeast Asia at real estate broker Jones Lang LaSalle Inc. “Providing clarity, Property and real estate transparency and clarity of policies is important in any transaction, so this will probably lift demand if it makes it clearer.” I absolutely agreed with that.
New property rules will allow foreigners owning freehold
This condition will growth all the economic sector in Bali, Bali’s gains are set to allow as the Indonesian government begins to discuss this week property revising rules to allow foreigners to directly own luxury apartments in the archipelago, with hopes of implementing changes within two to three months. Bali property agent expects interest from China and Singapore once the revisions are made.
The foreigner investors have plenty of money, but they are turned away by the leasehold property options, as they would prefer to be able to buy freehold. yes, that’s true… All foreigner investors are complain about this. Previously, foreigners can get around the ban on owning real estate in Indonesia by using local citizens as proxies or by structuring the purchase as a long-term lease. Many foreigners when i ask regarding to trust local people , they will think twice , they will low as a minimum risk.
Indonesia is still one of the biggest ASEAN markets in terms of population, in terms of land size, so there’s definitely a lot of room to grow. Property prices in the Indonesian capital Jakarta, about an hour’s flight from Singapore, increased 11 percent in March from a year earlier, Knight Frank data show. That’s the biggest gain in Asia after Bengaluru in India, where real estate costs rose 13.6 percent. Bali including number 2 of property price growth, if you not invest today, you will late to get high property investment return.
The Indonesian government’s meeting this week will discuss New property rules will allow foreigners owning freehold conditions governing real estate purchases by non-Indonesians, including size restrictions. Under the proposed amendments, foreigners will only be allowed to buy luxury apartments and no landed property. a luxury real estate and property only. This will allow high investment get high priority from Indonesian government.
Previously, Setyo Maharso, a member of President Joko Widodo’s campaign team, said the government will allow foreigners to buy property of at least 200 square meters (2,153 square feet) and worth a minimum of 2.5 billion rupiah ($185,000). If you invest at abroad country , like Australia maybe … at $185.000 you will only get 2 bedroom apartment, with maximum 100 square meters. I am very welcome with New property rules will allow foreigners owning freehold .
Bali property news sources : New property rules will allow foreigners owning freehold : Bloomberg.com