Hi Investor,
Today I want to share about Bali and all thing done and going on in property investment. As we know Bali is a well known tourism destination in the world. Who doesn’t know Bali? For traveler, it does not need to mention any more. What’s going on nowadays in Bali? There is growth in [...]
Hi Investor, take a look at terminology below, hope it enriches you.
Organizations/People
QS : Quantity Surveyor
PM : Property Manager
REA : Real Estate Agent
BA : Buyers Agent
Renovating/Building
STCA : Subject To Council Approval
Reno/Rehab : Renovation
Investing
B&H : Buy & Hold (you buy a property and don’t sell it, thus ‘hold’ it)
CF101 : Cash flow 101 (the [...]
Which status is safe for foreigner to own land?
It depends on the needs. When the purchasers are two people or more the Right to Build On a Land (Hak Guna Bangunan) is the best, but setting up a PMA company is a must, without this one the status is only Right of Use (Hak Pakai). [...]
What is a Right to Build On a Land (Hak Guna Bangunan)?
Right to Build On a Land (Hak Guna Bangunan) is a right to build building on a particular land. It can be applied on government or Freehold (Hak Milik) land. It also can be registered to the Land Affairs, and they will issue the [...]
Leasehold is a purchasing directly between purchaser and the land owner by the lease agreement validated by the Indonesian notary but it is not registered in land affairs. Right of Use (Hak Pakai) is a right obtained from releasing of a certain right on the government or Freehold (Hak Milik) land. Therefore Right of Use [...]
Another thing and this very important to understand is Legal Aspect. Every country has different law about having property. In this article I will explain about legal aspect to have property in Bali, Indonesia, the most well known island in the world (more than Indonesia itself :).
Own a Property/Land in Indonesia Individually
The Land Code states [...]
