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
All Eyes Point to Mt. Agung
Mt Agung Volcanic Status Now at the Highest Alert Level
(9/22/2017)
Bad Government Served as a Signature Dish
Regent of Karangasem Blamed for Causing Public Panic by Issuing Incorrect Information on Volcanic Mount Agung
(9/22/2017)
A Yen for Murder
Police Arrest 25-Year-Old Freelance Balinese Driver in Brutal Killing of Elderly Japanese Couple
(9/19/2017)
Warning Levels Increased for Mount Agung
Breaking News: Mount Agung Status Upgraded to ‘Siaga – Level 3’ - Second Highest Level of Alert.
(9/18/2017)
Caught in the Act
Two Bulgarians Arrested in Lovina, North Bali, Robbing an ATM Machine
(9/18/2017)
St. Regis Bali Resort Turns Nine
St. Regis Bali Resort Offers Nine Courses By Nine Chefs At The Cloud Nine to Celebrates Turning Nine on October 27, 2017
(9/18/2017)
London to Jakarta in a Single Leap
Garuda Offers Thrice Weekly Non-stop London to Jakarta Flights Starting October 31, 2017
(9/18/2017)
An End to Bali Connection to Townsville, Australia
Jetstar to Halt Townsville to Bali Flights on March 21, 2018
(9/18/2017)
Honors for Bali’s Governor
Governor Receives Award from Retired Police Officers Association for Service to the Nation
(9/18/2017)
Keep it Green, Keep it Local
Bali Restaurateur Chris Salans Works with Bali Farmers to Maximize the Use of Local Produce and Food Ingredients
(9/18/2017)
Sanur First! Traveloka Maybe Never!
Indonesian Online Travel Company Traveloka Roundly Condemned for Desecrating Panorama on Sanur Beach in Bali
(9/18/2017)
Airborne Temples and Volcanoes
AirAsia Indonesia Adopts New Livery Design for its Airbus 320s Emulating Indonesian Iconic Destinationsns
(9/18/2017)
All [News]!