New builds in Indonesia
Location, climate, and economy
Indonesia (officially the Republic of Indonesia) is a country located on the islands of Southeast Asia, and partly in Oceania. The country is bordered by the waters of the Pacific and Indian Oceans. It is the largest island state in the world. Indonesia is a huge resort area, consisting of thousands of small and large islands.
Indonesia is located in the equatorial climate zone, which means it has high year-round temperatures. The highest temperatures along the coast range from 23 to 31°C throughout the year. Indonesia is an agro-industrial country with a dynamically developing economy.
Indonesia has the largest economy in Southeast Asia, but the income level of the population is below average. The largest industries are the mining and light, the production of fertilizers, automotive equipment, and electrical appliances. It is one of the world's largest exporters of crude oil and natural gas. Indonesia is also a major supplier of rubber and a wide range of other commodities (e.g. coffee, tea, tobacco, copra, and spices).
Indonesian New Construction Market
Real estate from the developers in Indonesia is rapidly progressing and in demand. Over the past 10 years, a large number of luxurious villas and residential complexes have been built here. Customer reviews confirm that the projects under construction comply with European building standards, built using natural materials (local authorities pay special attention to this aspect in order to maintain a clean environment). Residential complexes in Indonesia are also distinguished by spacious layouts (the area of most apartments in new builds in Indonesia starts from 60 sq.m., villas - from 150-200 sq.m.).
New builds in Indonesia are represented by a wide variety of real estate objects (villas, bungalows, apartments on the outskirts of the city, luxury apartments in a residential complex located in the center of the capital Jakarta, etc.).
A favorable location for buying housing in new builds for sale in Indonesia is considered, first of all, Jakarta. The best apartments in new builds for saleof the country are for sale here. These are luxury apartments located in high-rise residential complexes with all necessary amenities.
For a carefree holiday and profit from rent, it is advisable to consider the popular Indonesian resorts of Canggu and Ungasan. They are located on the iconic island of Bali.
Prices for apartments in the new homes in Indonesia
In recent years, the cost of real estate in Indonesia has been constantly growing. According to various sources, the regular rise in prices for new homes in Indonesia averages at 10-15% per year, which makes it possible to profitably resell real estate in a few years. This trend, as experts confidently say, will continue in the medium term.
The average cost of an apartment in Jakarta is 2,595$ per sq.m. City center apartments of 120 sq.m. can be purchased for approximately 311,400$. The price for a one-bedroom apartment in Bali in a modern complex with renovation and furniture starts from 145,000$.
Indonesian real estate in the new homes for sale (types)
Potential investors can choose the following types of real estate in a new building:
- residential (apartments, houses, villas,flats, townhouses, bungalows, etc.);
- commercial real estate and investment projects (offices, bars, restaurants, hotel and tourist complexes, retail premises, etc.).
How to buy an apartment from a developer in Indonesia: the nuances of investing
Foreign citizens can freely buy an apartment in Indonesia in a new building, both for personal use and for renting. Transactions are concluded by local notaries after a thorough check of the objects for legal purity, so the safety of investments for foreigners is guaranteed. However, it is worth noting that foreigners in Indonesia do not have the right to own real estate on the basis of full ownership. They receive real estate on a long-term lease condition. Any foreign buyer has the right to use the property by entering into an agreement and presenting a passport with a valid work visa.
The most convenient and safest way for a foreigner to invest in Indonesian property is to do so through a foreign company (PT PMA) and obtain a Building Right Certificate (Hak Guna Bangunan) and a Property Ownership Certificate for 25 years renewable for another 80 years. We suggest that you seek qualified assistance from specialists to minimize risks and losses. GEOLN experts carry out a high-quality selection of an apartment according to the individual parameters of the client. The purchase and sale of new homes for sale in Indonesia is accompanied by professionals who provide the preparation of the necessary documents and the complex execution of transactions.
Purchasing apartments from a developer in Indonesia is a profitable investment that provides the opportunity to generate rental income, living in a unique Asian country with white sand beaches, tropical jungles and many historical monuments.
New development in the cities of Indonesia
- bekasi
- regency
- Denpasar
- gunung
- Putri
- Jakarta
- Mataram
- Pamenang
- Pontianak
- Surabaya
- Tangerang