Real Estate News and Information

Top 20 things you should know if you're moving to Bali

1. You need a Visa to visit or live in Bali, what type of visa is what needs to be planned. You will enter Bali on a Tourist Visa, which is valid for 30 days. If you want to extend to 60 days, you must purchase a Visa on Arrival ... ...

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What taxes do I pay when buying and selling real estate in Bali?

The breakdown: 1. Freehold property transaction (Hak Milik) The buyer: Land and building acquisition duty (BPHTB) = 5% of NJOP value (government assessment) The seller: PPh income tax = 2.5% of NJOP (government assessment) 2. Leasehold property transaction (Hak Sewa) The buyer: no Tax implications The seller: final income tax ... ...

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What is Hak Pakai?

Hak Pakai or the Right of Use is a title over Freehold land that allows the holder to use the land, including (subject to permitting requirements) the right to construct buildings. A Hak Pakai title may be held by foreign individuals and foreign representative offices as well as Indonesian citizens ... ...

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What is HGB?

Hak Guna Bangunan (The right to build) or HGB title allows the holder to construct and own buildings or other structures on state-owned land (Tanah Milik Negara), freehold land (Hak Milik) and HPL (Hak Pengelolaan) land. This is the most common title for residential, commercial, and industrial properties. An HGB ... ...

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What is "Hak Milik" or "Freehold"?

Hak Milik or Freehold is the strongest form of land title ownership in Indonesia. Only individuals of the Indonesian Nationality can own land under the Hak Milik title. Consequently, neither limited liability companies (PT/Perusahaan Terbatas) nor foreign individuals may obtain land with a Hak Milik title. Subject to zoning restrictions, ... ...

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How do I buy real estate in Bali?

Here are the steps: 1. Contact your friendly BidStream Bali real estate agent and give them your property requirement. 2. Select your favorite properties and make an appointment to view them. 3. Submit a Signed 'Offer to Purchase Document for your dream property to initiate the negotiation 4. Choose a ... ...

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Can a foreigner own real estate in Bali?

There is only one way for foreigners to securely own property in Indonesia outright, instead of leasing real estate for a certain period of time: By setting up an Indonesian legal entity- a PT PMA. The ownership title of the property is called Hak Guna Bangunan (HGB). The Right to ... ...

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8 area profiles in Bali

Bukit Known for salt-making and scattering of fishing villages, the Bukit Peninsula (meaning 'hill' in Bahasa Indonesia), became popular after the boom in Kuta and Seminyak and today is where numerous international beach resorts like the Four Seasons are dotted along its shoreline. The Bukit starts from Jimbaran Bay, which ... ...

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