Are foreigners allowed to own property in Jakarta?

"Foreigners are allowed to own property in Jakarta, but there are certain restrictions and regulations in place. Foreigners cannot directly own freehold land; instead, they can acquire property through a leasehold or a right-to-use title. The leasehold title allows foreigners to lease land for a maximum period of 25 years, which can be extended for another 20 years, and then further extended for another 25 years. The right-to-use title grants foreigners the right to use land for a maximum of 70 years, with an initial period of 30 years, followed by an extension of 20 years and another extension of 20 years. Additionally, foreigners can own apartments or condominiums, as long as the building has a strata title, which is a legal certification for multi-level properties. However, it is important to note that the regulations and procedures for foreign property ownership in Indonesia can be complex, and it is advisable to consult with a local legal expert before making any property investments," explained one expat living in Jakarta, Indonesia.

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