Originally Posted by
Ricade
foreigner interested in indonesian property -> please dont bother getting the apartments / industrial land there unless you need for own use. Leasehold is only 20yrs no point purchasing these for investment.
for indonesian nationality, they can purchase land title. For the past few years land prices have been increasing quite rapidly and the market in jakarta is getting very expensive.
we have a few GCBs in Menteng area asking for 10-20million SGD. you can purchase 1 and have politician neighbour. Kelapa gading houses asking for 1-1.5m SGD now for 2000sqft of land.
Jakarta is now no longer a city for the faint hearted and light pockets..