Close
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 · Indonesia Considers Change in Property Law
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

Indonesia Considers Change in Property Law

Those Eager to Expand the Property Sector in Indonesia Will Have to Deal with Restrictions and Constitutional Challenges to Foreign Land Ownership.


Bali News: Indonesia Considers Change in Property Law
Click Image to Enlarge

(1/16/2010)

An international real estate conference planned for Bali in May is prompting Indonesian property developers to lobby intensively for a change in Indonesian law to allow foreign nationals to purchase apartments and private residences.

Speaking to The Jakarta Globe, Teguh Satria of the Indonesian Real Estate Developers Association (REI) said : "The REI has chosen Nusa Dua, Bali, as the host for its 61st World Congress from May 24 to May 28. It would be good to revise the regulation by then so Indonesia could not only act as the host, but could open its doors to the participants interested in purchasing property here."

Separately, Indonesia's Housing Minister, Suharso Monoarfa, confirmed that changes to the rules on property ownership by foreigners were under consideration. If approved, the areas and types of residents open to foreign property purchases would be restricted. Any changes would also likely stipulate minimum levels of investment and require a period of residence each year in the country.

While supporters of the change in property rules point to benefits in taxation and an improved foreign investment climate that would result from allowing foreign ownership of land, the strength of forces opposed to allowing any foreign ownership of Indonesian land should not be underestimated. Past efforts to liberalize the law to allow foreign land ownership have been consistently rejected by Indonesia's Constitutional Court.


© 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
For Those in the Know on Indonesian Hotels
Douglas Ramage Joins All-Star Line Up of Speakers and Panelists at Indonesian Hotel Investment Conference in Bali on June 6, 2014
(4/20/2014)
We Get Mail!
Review on the Sad State of Baliís Newly Renovated Airport Causes Many Bali Update Readers to Write
(4/20/2014)
We Get Mail!
Following Bali Updateís Editorial on Channel Seven Australia's Unfair Treatment of Bali, We Get a Record Number of Readers Emails
(4/20/2014)
Saving Baliís Starlings
Four More Bali Starlings Released to the Wilds at Sibang Breeding and Release Site
(4/20/2014)
The Fast Check Out Line is Not Working
Tiara Grocer Ignores Supreme Court Order and Continues to Operate Jalan Cokroaminoto Outlet
(4/20/2014)
Bali Property Market in Decline?
Downturn in Bali Property Business May be Short Term and Cyclical
(4/20/2014)
Paying for the Right to Work
Bali's Capital of Denpasar Gets a Windfall from $100 Per Month Foreign Worker Tax
(4/21/2014)
Providing Gifted Students a Free Education
Bali Allocates US$1.74 Million for a Trade School for Underprivileged Students
(4/21/2014)
Evil Disposition
Foreigners Working Illegally in Baliís Tourism Sector as Guides, Drivers, Dive Guides and Surfing Instructors
(4/20/2014)
Bali and Beyond Travel Fair 2014
350 Buyers Expected at Bali & Beyond Travel Fair to be held in Bali June 10-14. 2014
(4/20/2014)
Dogged till the End
Bali Quarantine Officials Euthanize 31 Dogs Seized from Animal Smugglers
(4/20/2014)
Hastie Rise to the Top
Hard Rock Hotel Bali Andrew Hastie Ė Executive Assistant Manager Food & Beverage
(4/20/2014)
All [News]!
 
Tourism and Transport Tourism Agents