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“The right to acquire property by a foreigner is limited according to the Regulation of Agrarian Minister No. 13 of 2016

Indonesian Law has allowed foreigner to acquire a property here in Indonesia. However, the right to acquire property by foreigner is limited according to the Regulation of Agrarian Minister No. 13 of 2016. Here are certain types of property purchasing that are eligible for foreigner:

First, foreigner is eligible to purchase single house or apartment if the property is a new unit that is purchased from first hand, such as developer or the owner of the land. The expatriate is not allowed to purchase the single house or apartment from the second seller.

Second, the single house or apartment that will be purchased should fulfil the criteria of minimum price as explained in the attachment if the Agrarian Minister Regulation, as mentioned below:

NoLocationSingle House ≥ (IDR)Apartment ≥ (IDR)
1DKI Jakarta10 Billion5 Billion
2Banten5 Billon1 Billion
3West Java5 Billion1 Billion
4Central Java3 Billion1 Billion
5Yogyakarta3 Bilion1 Billion
6East Java5 Billion1,5 Billion
7Bali3 Billion2 Billion
8West Nusa Tenggara2 Billion1 Billion
9North Sumatra2 Billion1 Billion
10East Kalimantan2 Billion1 Billion
11South Sulawesi2 Billion1 Billion
12Another Territory1 Billion750 Million

Third, Foreigner can only acquire property with Right to Use Title (Hak Pakai) and not eligible to acquire land or property with Right of Ownership (Hak Milik) Title nor Right to Build Title (Hak Guna Bangunan).

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Author: ELSON