Indonesia is taking a significant step towards boosting investment opportunities in Bali with a comprehensive land registration initiative.
Led by the Ministry of Agrarian Affairs and Spatial Planning (ATR/BPN), this program aims to register all land plots on the island, fostering greater legal certainty for land ownership. This improved clarity will not only benefit property owners but also unlock new possibilities for investors seeking to tap into Bali’s booming tourism and real estate sectors.
Enhancing Transparency and Security
The initiative was conveyed in early May by Indonesia’s Minister of Agrarian Affairs and Spatial Planning, Agus Harimurti Yudhoyono in Senayan, Jakarta.
“Hopefully this will further accelerate our efforts to ensure that Bali has more legal certainty over land,” said the Minister.
The comprehensive land registration refers to registering all land plots in Bali with the Ministry of Agrarian Affairs and Spatial Planning. This means every piece of land ownership on the island will be officially documented and recorded in a central database.
Comprehensive also goes beyond simply creating a map of owned land. It also involves streamlining the land certification process electronically. This digitization effort offers several key advantages:
- First, it reduces the risk of land fraud, a historical concern in some areas. With clear electronic records, ownership disputes become less likely, creating a more secure environment for investors.
- Second, the online system improves efficiency by streamlining the certification process. With greater legal clarity around land ownership due to the registration initiative, investors will feel more confident, leading to a rise in construction projects on the island.
Building a Strong Foundation
By implementing land registration initiative, the Indonesian government is sending a clear message: Bali is open for business. With increased legal certainty for land ownership, streamlined online processes, and a commitment to transparency, the island is poised for a surge in investment. This not only benefits investors but also creates new opportunities for local businesses and communities.Â
And with more construction projects ahead, this land registration initiative goes hand-in-hand with Indonesia’s online building permit system known as PBG-SLF (Persetujuan Bangunan Gedung – Sertifikat Laik Fungsi). This system relies on clear land ownership verification, Unclear ownership might lead to complications during the building permit application process.
This verification process is now made significantly easier with the comprehensive land registry. As ownership becomes more transparent, the online building permit process becomes more efficient and reliable. This synergy between initiatives demonstrates Indonesia’s commitment to digital transformation and a business-friendly environment for real estate investors.
Mastering the PBG-SLF System: A Valuable Skill
With the rise in investment and development anticipated as a result of the land registration initiative, understanding the PBG-SLF online registration system becomes a valuable skill for anyone involved in Bali’s property market.
Whether you’re a property owner, an investor, or someone involved in construction projects, familiarizing yourself with the online process can streamline the building permit process and save valuable time and resources. The system’s transparency also minimizes the risk of errors or delays.
Recognizing the growing importance of navigating through the PBG-SLF system, Seven Stones Indonesia is hosting a follow-up event to its successful building permit seminar held in April. This time it’s a Focus Group Discussion (FGD). Taking place in Bali at the end of May, the event will provide participants with an interactive learning experience, a step-by-step guide in the form of a mock registration on the online PBG/SLF system. That’s why it’s important to bring your own laptop to optimize the hands-on experience.
Our FGD features Terje H Nilsen as CEO of Seven Stones Indonesia and the Head of Department of Public Works and Spatial Planning Service for Badung Region, Ida Bagus Surya Suamba, as the keynote speaker. Limited seats available, so reserve your spot now by filling in the registration form. This event will empower participants to confidently navigate the system and gain valuable insights from the industry experts.
