A glossary of terms used in the Indonesian real estate market.
Covers industries that are protected for Indonesians national security eg gas oil mining etc or local business opportunities including bars and restaurants
Unregistered land not covered by The Basic Agrarian Law of 1960
The rights given to a registered company, including PMAs, to use and develop land for commercial purposes
A type of traditional vernacular house of the Javanese people (Javanese omah). The word joglo refers to the shape of the roof.
Basically an Indonesian foreign owned entity. Foreigner can set up an Indonesian investment vehicle and appoint an advisor, expats can be directors, shareholders and came have work and stay permit with this vehicle for shareholders and directors.
A freehold certificate of ownership available to Indonesians
Leasehold title avaialbe to both locals and foreigners
A Pondok Wisata is a license to rent out a small property or homestay. It is issued to the owner of the property and is only available to Indonesian citizens.
It is a renewable use right. In July 1996, Government Regulation No’s. 40 and 41 (GR 40/96 and GR41/96) were passed, allowing resident foreigners to hold Rights of Exclusive Use (Hak Pakai) over Indonesian real property. This is not freehold ownership.
The Metric system was adopted in 1923 and has been compulsory in Indonesia since 1938. Prior to this the following units were used to measure area:
One bahoe (or 1 bouw) is equal to 7096.5 m²
One are is equal to 100m²
lieue² (Geographic) is equal to 55.063 2 km
Read more:
Obtaining finance in Indonesia