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, property ownership, foreigners
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
Tax as a Target
Bali Governor Wants Price Controls on Bali Hotels
(2/25/2017)
Close Every Door to Me
Sriwijaya Flight from China to Bali Returns to Guangzhou to Close a Door
(2/25/2017)
Connecting Communities Through Film
BALINALE Bali International Film Festival September 24-30, 2017
(2/25/2017)
Royals to Annoy All in Bali?
Bali Police Promise Extraordinary Security During Visit of Saudi Arabian King March 4-9. 2017
(2/25/2017)
When Your Girdle is Killing You
South African Woman Caught at Bali Airport with 1.1 kilograms of Methamphetamines Stashed in her Corset
(2/25/2017)
Grenier Prefers Greener
Hollywood Actor Adrian Grenier Comes to Bali to Lobby for Clean, Plastic-Free Oceans
(2/25/2017)
Take it to the Bank
Government Asks World Bank and Udayana University to Mediate Benoa Bay Reclamation Controversy
(2/24/2017)
Massive Monarchial Movement
Eight Aircraft to Bring King of Saudi Arabia and Party of 1,500 to Bali for Holiday Visit March 4-9, 2017
(2/25/2017)
Rp. 16 Million = 5 Years of Jail Time
Police to Charge American Expat Paul Hoffman with Armed Robbery for Series of Convenience Store Robberies
(2/24/2017)
Prepared for Tourism Takeoff
Transportation Minister Outlines Massive National Airport Development Program
(2/24/2017)
A Night for the Birds
More than Rp. 20 million Raised at Bali Starling Night at Big Tree Farm by Begawan Foundation
(2/24/2017)
Giving Busses the Business in Bali
Plans Under Review to Limit Maximum Bus Length in Kuta, Bali to 5 Meters
(2/24/2017)
All [News]!