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 · Liberalized Land Ownership Ahead?
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

Liberalized Land Ownership Ahead?

President SBY Calls for Thorough Study of Possible Change in Law to Allow Foreign Land Ownership.


Bali News:
Click Image to Enlarge

(3/2/2009)

The Jakarta Post reported on February 18, 2009, that President Susilo Bambang Yudhoyono has ordered the National Land Agency and members of his cabinet to "conduct an in-depth study" into the feasibility and effects of changing current law to allow foreigners the direct ownership of a home in Indonesia. Current law explicitly forbids land and property ownership by non-Indonesians. In the past, efforts to liberalize those rules to allow foreign land ownership have been thwarted by the Indonesian Constitutional Court who have consistently ruled such measures would violate the 1945 Constitution.

A Radical Change of Course

Hinting a change to the current property ownership rules could be contemplated, President Yudhoyono said: "The government has no objection to this, provided it will benefit the people and make the country's climate more conducive to foreign investment." The President's comments were made at the inauguration of 114,000 units of low-cost housing in Lamongan, East Java.

The President's spoke in response to questions raised by members of the Indonesian Real Estate Association (REI) during a Presidential dialogue held with housing developers and homeowners.

Teguh Satria, the Chairman of REI has called for a 70-year home ownership facility for foreigners as a means of making Indonesian real estate competitive with ownership rights available to foreigners in competing markets in the region, specifically in Singapore.

Related Articles

[Bali Real Estate Agents Lobby for Foreign Property Rights]

[Bali Property Ownership by Foreigners]

[New Regulations Promised for Foreign Land Ownership]

[Freehold Land Title for Foreigners in Bali: Caveat Emptor]

[This Land is My Land, This Land is Your Land]

[Stopping the Land Grab]

[And Forgive Us Our Trespasses]


© 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
Where You Gonna Run To?
BII Maybank Bali International Marathon a Sell-Out Just Three Weeks After Registration Opens
(5/17/2015)
Here’s to the Ladies Who Cook
Unique Dinner Prepared by Bali’s Top Lady Chefs on Saturday, May 23, 2105 at Bali Asli.
(5/17/2015)
Protecting the World’s Endangered Species
Bali Celebrates Endangered Species Day by Educating Children on the World’s Vanishing Species
(5/17/2015)
Peacing it Together
Renowned Baritone Anthony Brown and Indonesian Singer Galed Krisjayanta to Perform in Concert at Bali Island School on Saturday, June 6, 2015
(5/17/2015)
Acting with an Abundance of Caution
Suspicious Package Discovered Near Australian Consul’s Home Confirmed Harmless by Bali Police
(5/17/2015)
Careful Planning in an International Marketplace
Garuda Takes Steps to Reduce the Impact of Weakening Rupiah and High Fuel Costs
(5/17/2015)
Hidden Motives
The Continuing Saga of US$5 Million Wasted on an X-ray Machine for the Port of Gilimanuk in West Bali that Has Never Fully Functioned
(5/17/2015)
Superb Indian Cuisine by a Master Chef
World’s Leading Michelin-Starred Indian Chef in One-Day Only Appearance at Alila Villas Soori in Tabanan, West Bali on Saturday, June 13, 2015
(5/17/2015)
Things Get Knotty for Naughty Noor
Prosecutors Demand 15 Years in Prison for Murderous Wife of Bali Expat Bob Ellis
(5/17/2015)
Garuda and LOT to Link Warsaw and Jakarta
Poland and Indonesia Establish Bilateral Framework for Air Cooperation
(5/17/2015)
Escalating Troubles
French and Spanish Tourists Missing on Mount Rinjani
(5/17/2015)
Invidious Investor of the North
Hotel Project Involved in Illegal Reclamation at Gerokgak, North Bali
(5/17/2015)
All [News]!