Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Hoping for a Land Rush
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Hoping for a Land Rush

Indonesian Property Business Continue to Lobby for a Change in Foreign Land Ownership Rules


Bali News: Bali, Indonesia, Bali Indonesia, Freehold, Foreign Property Ownership in Bali, Foreign Property Ownership in Indonesia, Rainy Hendriany, REI, Real Estate, Eddy Hussy, AFTA
Click Image to Enlarge

(4/28/2014)

The leadership council of Real Estate Indonesian (REI) is again planning to discuss with the government its desire to see a change in the rules for foreign property ownership in Indonesia, arguing such change is needed as Indonesia embarks on the ASEAN Free Trade Zone (2015).

Past efforts to liberalize property ownership rules to allow foreign land holdings have failed with the Indonesian Constitution Court declaring foreign land ownership is not allowed under the 1945 Constitution.

The chairman of the REI council, Eddy Hussy, told Bisnis Bali: “In this period, the discussion has not yet begun. We have long struggled (for a change). We will try again to fight for foreign ownership.”

Hussy hopes the government will make new regulations allowing foreign land ownership in order to provide access to what is believed to be a large new potential property market. He sees access for foreign property buyers as capable of generating large amounts of foreign exchange and stimulating new investment in Indonesia.

Underlining both the need and the opportunities of allowing foreign land ownership in Indonesia, according to Hussy, is the coming ASEAN Free Trade Agreement that will allow ASEAN citizens to work freely in any ASEAN neighbor. With ASEAN nationals able to work freely in Indonesia, he believes will also come a concomitant desire to own land in Indonesia.

Among the issues being discussed by REI is whether or not foreigners should pay higher transactional taxes (BPHTB) when acquiring property in Indonesia.

If foreign property ownership is allowed in Indonesia, REI says Jakarta, Bali and Batam would be large potential markets for foreign buyers.

Related Article

Regulation of Property Ownership by Foreigners

Bali Property Ownership by Foreigners

This Land is My Land, This Land is Your Land

Property in Bali: It's Déjà Vu All Over Again


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Chinese New Year Rush Bound for Bali
Garuda Indonesia Announces New Charter Routes from China to Bali for Lunar New Year Holidaymakers
(1/14/2017)
Oh, Deer!
Five Poachers Abandon Car, Guns and Dead Game at West Bali National Park When Confronted by Park Rangers
(1/15/2017)
Qui Moi?
French Tourist Arrested Shoplifting at Bali Airport
(1/15/2017)
An Endangered Tiger
Tigerair Suspend Ticket Sales from Australia to Bali until March 25, 2017
(1/14/2017)
This is a Steak Out!
MyWarung’s L'Entrecôte May be Bali’s Best Steak Value
(1/15/2017)
Advance Australia Fairway!
Australia Day Golf Tournament at Bali National Golf Resort Thursday, January 26, 2017
(1/14/2017)
Starling, Starling Night
Begawan Foundation to Hold ‘A Starling Night’ Art Exhibition and Silent Auction on Friday, February 10, 2017 at Big Tree Farm Chocolate Factory
(1/14/2017)
The Last Bite
Australian Surfer Suffers Rare Shark Attack off West Bali Beach
(1/15/2017)
A Park at its Peak of Popularity
Lombok Mount Rinjani Records More than 91,412 visitors in 2016
(1/14/2017)
Improvements Planned for Bali Airport in 2017
More Parking, Better Taxi Access, Improved Internet and Runway Enhancements in the Cards for Bali’s Airport in 2017
(1/14/2017)
Game Changers, Name Changers
Colliers International Tracks 18 New Hotels and 8 Branding Transitions in Bali in 2016
(1/14/2017)
A Yen for Thievery
Police Arrest Hotel Employee in Kuta for Stealing Cash from Japanese Guest
(1/14/2017)
All [News]!