Very important information to read:
This article is intended as a preliminary guide only and refers to some but not all elements required to consider in detail prior to starting any property dealings or due diligence. Property dealings are often complex, especially in foreign countries and we highly recommend you seek independent professional advice... read more... Negative investment act
Covers industries that are protected for Indonesians national security eg gas oil mining etc or local business opportunities including bars and restaurants
Adat Land
Unregistered land not covered by The Basic Agrarian Law of 1960
Hak Guna Bangunan
The rights given to a registered company, including PMAs, to use and develop land for commercial purposes
Joglo
A type of traditional vernacular house of the Javanese people (Javanese omah). The word joglo refers to the shape of the roof.
PTPMA Private Limited Foreign Equity
Basically an Indonesian foreign owned entity. Foreigner can set up an Indonesian investment vehicle and appoint an advisor, expats can be directors, shareholders and came have work and stay permit with this vehicle for shareholders and directors.
Sertifikat Hak Milik (SHM)
A freehold certificate of ownership available to Indonesians
Hak Sewa
Leasehold title avaialbe to both locals and foreigners
Pondok Wisata
A Pondok Wisata is a license to rent out a small property or homestay. It is issued to the owner of the property and is only available to Indonesian citizens.
Hak Pakai
It is a renewable use right. In July 1996, Government Regulation No’s. 40 and 41 (GR 40/96 and GR41/96) were passed, allowing resident foreigners to hold Rights of Exclusive Use (Hak Pakai) over Indonesian real property. This is not freehold ownership.
Units of Measurement:
The Metric system was adopted in 1923 and has been compulsory in Indonesia since 1938. Prior to this the following units were used to measure area:
One bahoe (or 1 bouw) is equal to 7096.5 m²
One are is equal to 100m²
lieue² (Geographic) is equal to 55.063 2 km
Read more:
Land Tenure in Indonesia
Buying property in Indonesia
Obtaining finance in Indonesia
Indonesia's property taxes
Very important information to read:
This article and the above linked articles are not complete and are intended as preliminary guides only. These guides refer to some elements to consider prior to starting any property dealings or due diligence. Property dealings are often complex areas, especially in foreign countries and we highly recommend you seek independent professional advice... read more...