//Indonesian Property Ownership Update

Indonesian Property Ownership Update

By |2015-12-17T03:38:21+00:00December 17th, 2015|Uncategorized|0 Comments

On the news wires this week:

*Ministy of Agraria and Spatial Planning, Ferry Mursyidan Baldan, will set threshold Rp5bn and Rp10bn for foreigner to buy apartment and landed houses respectively.

* This threshold will be put in a new regulation as substitute of Government decree No. 41/1996. On the new regulation, government will also allow non-residential foreigner to own property in Indonesia

  

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