Indonesia allows foreigners to own houses for longer period

The President of Indonesia signed a new government regulation (No. 103/2015 on House Ownership of Foreigners Residing in Indonesia) on 22 December 2015. It allows foreigners to own houses in Indonesia for up to 80 years. Effective from 28 December 2015, the regulation states that foreigners can buy a house under the right-of-use category initially for up to 30 years. After this period, the ownership may be extended twice, once by 20 years and then by a further 30 years. Under previous rules, foreigners could buy houses for 25 years, and extend for a further 25 years. Foreigners eligible to own houses in Indonesia are still required to live or work in Indonesia or in other ways bring advantage to the country.

• Type:

  • Entry and establishment (Access to land)

• Industry:

  • Not industry specific

• Sources:

  • Secretary Cabinet, Republic of Indonesia (in local language), Terbitkan PP, Pemerintah Resmi Izinkan Orang Asing Miliki Rumah Tempat Tinggal di Indonesia, http://setkab.go.id/terbitkan-pp-pemerintah-resmi-izinkan-orang-asing-miliki-rumah-tempat-tinggal-di-indonesia/, 12 Jan 2016
  • Indonesia-Investment , New Regulation: Foreigners Can Own Landed Houses in Indonesia, http://www.indonesia-investments.com/news/todays-headlines/new-regulation-foreigners-can-own-landed-houses-in-indonesia/item6370, 13 Jan 2016
  • Reuters, Indonesia allows foreigners to own houses for longer, http://www.reuters.com/article/indonesia-economy-property-idUSL3N14W46B20160112, 12 Jan 2016