INDONESIA PLANS TO LET FOREIGNERS OWN PROPERTIES

The Indonesian government is reportedly working to release a new land bill that will allow foreigners to own their own properties under the building-use permits. This comes as a huge change for foreigners and expatriates in Indonesia who cannot legally own a property or control property and land construction before, based on the building-use permits.

Recently, Agrarian and Spatial Minister Sofyan Djalil said that the government decided to change the regulation. “In the bill, the government proposes several changes, including to allow foreigners to have apartments, whose construction licenses are in the form of HGB,” the minister revealed as quoted by

The Jakarta Post.

Djalil reminded that the bill is not final and the government will still need to discuss on a few things before submitting the proposal to the House of Representatives for deliberation.