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Indonesia, as the fourth most populous country in the world, presents one of the most exciting emerging markets in Southeast Asia. With a population exceeding 270 million, Indonesia serves as a captivating destination for international tourists seeking both leisure and business opportunities.
While Bali is renowned as the nation's most popular province for beach and sunset retreats, Jakarta stands as the undisputed business hub of Indonesia. Boasting a population of approximately 11 million, Jakarta's primary allure lies in its abundance of business and employment prospects for both foreign and local residents.
This thriving landscape fuels a substantial demand for apartments, houses, offices, and commercial spaces to support the diverse range of activities in Jakarta.
Why Invest in Property in Jakarta?
Jakarta is a key economic hub in Southeast Asia, making it a magnet for property investors. The city is bustling with the headquarters of major banks and attracts significant foreign investment, reaching $45.6 billion in 2022.
Jakarta's robust economic growth drives property price appreciation, promising long-term gains through potential rental income.
Jakarta's strategic location as the gateway to Indonesia, supported by excellent transportation infrastructure such as Soekarno-Hatta International Airport, Trans-Java Toll Road, and a comprehensive railway network, further enhances its appeal. The development of infrastructure projects such as MRT, JORR, and the Jakarta-Bandung High-Speed Railway also improves connectivity, making Jakarta increasingly attractive to residents and investors.
A stable political environment within a democratic system, coupled with government efforts to streamline the investment process through agencies such as the Jakarta Investment and One-Stop Service Agency (DPMPTSP), renders investing here more secure and compelling.
Can Expatriates Buy Property in Jakarta?
Yes, foreign nationals can purchase property in Jakarta, but there are certain restrictions and regulations to be aware of. Foreign buyers must ensure that the property has the correct permits and certificates.
There are several types of property ownership available to foreigners in Jakarta, each with its specific requirements:
Hak Milik (Freehold)
Restricted to Indonesian citizens only.
Hak Guna Bangunan (HGB) (Building Leasehold)
Foreigners can purchase property through a Hak Guna Bangunan, typically for a maximum of 25 years with an option to extend for another 25 years. The minimum property value to obtain HGB in Jakarta is:
- Landed house: IDR 5 billion
- Apartment: IDR 1 billion
- PT PMA (Foreign Investment Company): Foreigners can establish a PT PMA and use it to purchase property.
Landed House Ownership Scheme for Foreigners (2023)
Foreigners can own one landed house (minimum value IDR 5 billion) with a passport only and without the need for a residence permit. However, this scheme is relatively new and further consultation with a property expert in Jakarta is recommended.
Hak Pakai (Usufructuary Right)
This option involves an Indonesian citizen holding the property in the name of the foreigner. However, this method can potentially be risky.
Given that property ownership regulations in Indonesia may be unfamiliar to foreign nationals, it is advisable for investors to seek the assistance of a property consultant or agent to understand the requirements and procedures involved in owning property in Jakarta.
Best Locations for Property Investment in Jakarta:
Perlu diingat, tidak semua area di Jakarta memiliki potensi investasi properti yang sama. Untuk hasil optimal, berikut adalah beberapa lokasi terbaik berdasarkan aksesibilitas dan nilai investasinya:
South Jakarta
Main business center (Sudirman, Kuningan, Setiabudi, SCBD, Semanggi). Offers attractive business opportunities, high rental potential, and property value appreciation.
West Jakarta
Areas like Grogol Petamburan combine traditional charm with modern development. Suitable for young professionals and families. Tangerang area provides easy access to Soekarno-Hatta Airport and major toll roads.
North Jakarta
Kelapa Gading is known for its spacious and green residential areas. Ideal choice for families seeking a comfortable and secure environment. Rental demand here tends to be consistent.
Central Jakarta
Menteng and the Golden Triangle area are the most prestigious locations in Jakarta. Attract high-end and business communities. Investment here guarantees exclusivity and high rental potential.
