Property for sale in Indonesia

Indonesia is the world’s 14th largest country by land area at 1,904,569 square kilometers and the world’s 4th most populous country with a population of over 267 million people. Over 10 million of the country’s population live in its capital, Jakarta, making it the most populous city in the country. Jakarta is Indonesia’s cultural, economic, and political center. It is the melting pot of the country’s diverse culture since thousands of people from all around the country relocate and work here. The city can be very chaotic at times, but it does have plenty to offer visitors. Some of the most famous attractions are Monas (the National Monument), Kota Tua (Old Town), and the National Museum of Indonesia. Jakarta is also known to have a lively and vibrant nightlife.

The most popular area in Indonesia besides the capital is Bali Island. Bali is the country’s main tourist destination, attracting more than 15 million tourists every year. Commonly referred to as the “Island of Gods,” Bali is brimming with stunning beaches, amazing surfing spots, jungle-covered mountains, diverse marine life, rich culture, and vibrant nightlife. Almost every beach on the island is worth visiting as each beach has its own unique characteristics. Some of the most popular beaches are Padang Padang Beach, Seminyak Beach, Suluban Beach, and Kuta Beach, but these beaches are usually crowded. If you want to relax on a quiet beach, try Nyang Nyang Beach and Gunung Payung Beach. The most popular areas on the island are Seminyak, Canggu, Ubud, and Kuta.

Another popular area is the Special Region of Yogyakarta, which is the only region in Indonesia that officially recognizes the monarchy. It is considered as the cultural capital of Java Island as it is filled with cultural landmarks like the Royal Palace, Taman Sari Water Castle, Prambanan Temple, Ratu Boko Temple, and Borobudur Temple.

There are numerous different types of property for sale in Indonesia that cater to all budgets and requirements. From Indonesian-style houses to luxurious apartments, buyers can choose the type of property that will suit them best.

High-rise apartments and condominiums can be found in major cities, such as Jakarta, Medan, Surabaya, Makassar, and Bandung. In Bali and Yogyakarta, apartments and condos are usually available in mid-rise and low-rise buildings because both areas have rules that no buildings should be taller than a certain height (maximum 15 meters in Bali or about the height of a tall coconut tree and maximum 16 meters in Yogyakarta). Apartments and condominiums in Indonesia are mostly modern and luxurious. Both accommodations usually come with 24-hour security, parking spaces, swimming pools, playgrounds, and gyms. More expensive apartments and condos may also come with recreation rooms, sauna, playing fields, and quarters for live-in staff, and even private golf courses.

Houses and townhouses are widely available around the country. However, modern style and new houses are more readily available than Indonesian-style houses since families who own these houses generally have lived there for generations. Luxury houses are usually located within upscale, gated communities and may have Western-style features and design. 

Villas are in abundance in areas like Bali, Yogyakarta, and Bandung. Villas are mostly luxurious and offer more space for its owners. They may come with swimming pools, gardens, and in-villa cinemas. In Bandung, villas are usually located on hilltops, giving you spectacular views of the surrounding hills and tea farms. In Bali and Yogyakarta, villas can be located on hilltops or near the ocean.

The local currency is the Indonesian Rupiah (Rp). The exchange rate from US$1 is approximately Rp14, 000. As in many other countries in Southeast Asia, the exchange rates makes the cost of living in Indonesia very affordable for most foreigners. For a family to live comfortably in the country, a monthly salary of Rp20, 000,000 (around US$1,400) would be enough. In reality, most expats who work in Indonesia earn much more than the minimum amount needed to have a comfortable life, allowing them to live luxuriously. 

Indonesia is a very diverse country. There are about 300 ethnic groups and over 700 native languages. However, everyone can speak Bahasa Indonesia, the national language that acts as the glue that binds the people together. English is widely spoken in major cities and tourist areas, such as Jakarta and Bali. In other areas, most young generations understand English to some extent because the language is taught in school.

About 87% of Indonesia’s population is Muslim, but other religions are freely practiced and the country formally recognized religions (Islam, Christianity, Hinduism, Buddhism, and Confucianism). There are also several indigenous religions in the country, though not formally recognized by the constitution. 

Indonesia is renowned for its ultra-modern and rapidly evolving medical industry and is considered one of the best in the region. Dokku provides details on all the major hospitals and clinics across the archipelago.

Located in the tropics Indonesia experiences an entirely tropical climate. The average temperatures can vary depending on the area. In general, the temperatures range from 23°C to 28°C throughout the year. However, the temperatures can soar to 35°C in coastal areas. There are two seasons in the country including dry and wet season. June to October is the dry season, which has a slightly cooler temperature than the rainy season and lots of sunny days. The Rainy season comes in November and ends in May. This season can be very humid, wet, and has a significant amount of rainfall.

To stay in Indonesia for an extended period of time, foreigners need a visa. There are numerous different types of visas, but most foreigners have a KITAS Visa, which is valid for 6 to 12 months.

1. The largest economy in Southeast Asia – with average annual GDP growth of 5%.
2. Political Stability – since economic growth and political stability are deeply interconnected, it is important that you invest in a country that is politically stable. Besides being politically stable, the country is currently shifting toward more favorable policies for the private sector and the market.
3. Low-interest rate – with the BI Repo rate (base rate) at 5%, interest rates in the country are low, encouraging potential investors to invest and borrow money.

Yes, foreigners can buy property in Indonesia. Property ownership by foreigners in Indonesia is regulated by Law No. 5 of 1960 concerning Basic Regulations on Agrarian Principles (the "Agrarian Law") and Government Regulation No. 24 of 1997 concerning Execution of the Agrarian Law ("GR 24/1997"). According to those regulations, foreigners are only allowed to own leases ( Hak Guna Bangunan or "HGB") for buildings constructed on the land with a lease period of up to 70 years which is renewable. 

The Indonesian government has taken several measures to try and attract more foreign investment into Indonesia, including granting longer lease periods and waiving the requirement for an Indonesian nominee. In addition, there are now many reputable developers who are experienced in handling overseas buyers and who offer a wide range of properties for sale, from apartments to villas. As a result, buying property in Indonesia is now a relatively straightforward process for foreigners.

Indonesia is a country in Southeast Asia with a population of over 260 million people. It has a rapidly growing economy due to its large population and economic growth, Indonesia has seen a boom in the property market in recent years. Property prices have been rising steadily, and there is a great demand for housing, both for locals and for foreigners. So, if you're thinking of buying property in Indonesia, what are the best neighborhoods to look at?

One good option is Cilandak in Jakarta. Cilandak is an affluent neighborhood in South Jakarta that is popular with ex-pats. The area is home to many international schools, hospitals, and embassies, making it a convenient place to live for families. There are also many shopping centers and restaurants in Cilandak. Another good option for buying property is Denpasar in Bali. Denpasar is the capital of Bali and is an area full of tourists. However, it is also a great place to live, with many facilities such as schools, hospitals, and shopping malls. The cost of living in Denpasar is also relatively low compared to other cities in Indonesia. So, if you're looking to buy property in Indonesia, these are two great options to consider.

Property in Indonesia is definitely cheap when compared to many other countries. Property for sale in Indonesia can be found for a fraction of the price of a property in developed countries. This makes Indonesia an attractive option for those looking to invest in property. Costs are low, and there is still plenty of potential for growth. However, it is important to remember that Indonesia is a developing country, and there are still some risks involved in investing here. Nevertheless, for those willing to take the risk, there is the potential to make a great return on investment.

Property in Indonesia is relatively affordable when compared to other countries in the region. For example, a three-bedroom house in Jakarta would typically cost around IDR 2.5 million (USD 172,000). This is significantly lower than the price of a similar property in Singapore, which can easily fetch upwards of SGD 1 million (USD 735,000). Of course, there are many factors that contribute to the cost of a property, such as location and amenities. Nevertheless, Indonesia remains an attractive option for those looking to buy a property overseas.