Real Estate

When dealing with property transactions in Indonesia, it's crucial to understand the tax implications based on the type of property ownership—leasehold or freehold.  Each ownership status carries distinct tax rates and obligations for both the seller and the buyer, and being informed can help you navigate the financial aspects of your real estate transactions more effectively. Leasehold...

Lembongan Island, usually known for its peaceful vibe, recently made headlines due to a controversial villa construction project. This incident highlights just how crucial it is to follow the rules, especially in a place like Bali, where the environment and cultural traditions are so closely guarded.   Authorities Halt Unpermitted Construction A shocking video has gone viral, showing a...

Property taxes are levied on the ownership, use, or transfer of real estate. Understanding the various types of property taxes is essential for anyone involved in the real estate business. This guide outlines the key property taxes that property entrepreneurs, businesses, and buyers should be aware of. 1. Final Income Tax (PPh property tax)  Final Income Tax on the Transfer of Land and Building...

From Vacation Spot to Investment Hotspot  Since the pandemic ended, Bali has seen a significant rise in interest from foreigners eager to invest in real estate. Once known primarily as a vacation spot, the "Island of the Gods" has now emerged as a highly sought-after investment destination. A key indicator of this trend is the growth in Bali's Property Demand Index, as reported by Bank...

Indonesia's fertile agricultural land is a national treasure, and the government treads carefully when it comes to conversion for development purposes. While land conversion can unlock economic growth, strict regulations are in place to ensure a sustainable balance.  If as a businessman you are eyeing some agricultural land for some other utilization, this article will tell you the process of...

In the Indonesian property and real estate market, the Taxable Object Sales Value, known locally as Nilai Jual Objek Pajak (NJOP), plays a critical role. This value is essentially the average price derived from sale/purchase transactions and represents the government's assessed value of a property. Taxable Object Sales Value is not only vital for property transactions, but also serves as a...

In Indonesia, when there’s a discrepancy between the name on a land certificate and the name on an individual's identity card, it becomes necessary to obtain a Certificate of Name Discrepancy. This document serves as a crucial step in preventing potential legal complications in the future. Why There’s a Discrepancy in Indonesia’s Land Certificate?    A Certificate of Name...

In real estate business, Return on Investment (ROI) serves as a compass guiding investors towards the best opportunities. Knowing how to accurately calculate ROI is like having a treasure map that unlocks the gates to maximum profit. This article will be your comprehensive guide to understanding and calculating ROI in property investment, along with safety tips to proceed with...

While the global housing market like in the US and China are facing slowdowns, Indonesia's property sector is showing surprising resilience. A new report reveals that millennial drives continued strength and intriguing dynamics in the Indonesian property sector for the first quarter of 2024.  Strong Housing Demand A report by Jakarta-based real estate fintech platform reveals continued...

So you have big plans for your property in Indonesia like a new house to call home, a spacious office upgrade, or maybe even a stylish instagrammable restaurant for your new business. Before you go far with those plans, there's one crucial step you can't skip: apply for building permits.   Type of Building Permits in Indonesia  Ensuring the safety and functionality of buildings is highly...