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Indonesia Real Estate Law – House or Residential Ownership by Foreigner

Indonesia Real Estate Law – House or Residential Ownership by Foreigner
As Indonesian government action to provide opportunity for foreigner to own residence in Indonesia, the Government has enacted Government Regulation Number 103 of 2015 on House or Residence Ownership by Foreigner Domiciled in Indonesia (“PP No. 103/2015”) and its implementing regulation Minister Regulation of Agrarian Affairs and Spatial Planning/Head of the National Land Agency Number…
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Indonesia Real Estate Law – Limitation of Selling Price of Modest Condominium Unit and Individual Income Who Obtains the Modest Condominium Unit

Indonesia Real Estate Law – Limitation of Selling Price of Modest Condominium Unit and Individual Income Who Obtains the Modest Condominium Unit
Background On 31 December 2015, Minister of Finance Republic of Indonesia has issued the Minister of Finance Regulation Number 269/PMK.010/2015 on the Limitation of Selling Price of Modest Condominium Unit and Individual Income Who Obtains the Modest Condominium Unit (“PMK 269/2015”). This regulation revokes the previous regulation namely the Minister of Finance Regulation Number 31/PMK.03/2008…
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Common Equipment, Common Facilities and Common Land in Condominium

Law No. 20 of 2011 on Condominium ("Condominium Law") requires a developer to separate the condominium with condominium unit, common equipment, common facility, and common land, when the developer constructs a condominium. The separation shall provide a clarity on the following matters: Boundaries of condominium unit that is separately used for each owner; Boundaries and…
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