Why should I invest in Lombok property?
We specialized in Lombok real estate and believe that Lombok Island has a great future as a major tourist spot in Indonesia. With the new International Airport that is already under construction and due to be fully operational by end 2010, there are many new projects also underway. Land in south of Lombok is much less expensive, in comparison to other developed areas in Lombokmaking this the ideal time to invest in Lombok and all it has to offer
The Emaar Group from Dubai has made a big commitment in Lombok, looking to and ensuring the financial security of Lombok Island.
How can I own a property in Indonesia as a non national?
There are different ways to approach all the legalities when purchasing Indonesian property. The most common way to own a propertyon Lombok Island as a non national is the so-called ‘nominee agreement construct’. This way protection is given to the non national via a Mortgage (or Loan) Agreement and supporting agreements. Please see our legal section for the exact definition of all legal terms you might encounter during the transactions.
Why should I choose your company to do business with?
We have been in the real estate business for several years, specialising in Indonesia. (See our testimonials) You can find a detailed and personal resume on our key staff via the about us page. Our experience in property sales on Lombok Island makes us second to non and our team will use all their expertise from all areas to ensure that your property purchase, on Lombok Island is a smooth as possible.
What fees will I most probably have to pay?
The nominee fee is 1% notary fee is 2% of the value of the transaction. Besides this fee, both the vendor and purchaser are obliged to pay 5% sales purchase tax on the value of land and property sales at 2.5% each. This is the Vendor Tax and the Purchaser Tax. The Mortgage Certificate costs 1% of the mortgage value.
Question: How can I convert among the different land measurement units?
1 are = 100 m2
1 acre = 40 are = 4.000 m2
1 hectare = 100 are = 10.000 m2 = 2,5 acre
What does PMA mean in terms of foreign ownership of property in Lombok?
And Under What circumstances should a foreigner consider using a PMA for Property Purchase?
PMA in terms of foreign ownership and property in Indonesia, is one way of acquiring land in a legal manner under the umbrella of a company. A PMA company is an Indonesian company permitted by law to have foreign shareholders. Such a company is permitted to purchase HGB (Hak Guna Bangunan) certified land only. This Title is for 30 years and is renewable for a further 30 years.
Under What circumstances should a foreigner consider using a PMA for Property Purchase?
In connection with PT. PMA hereby we inform you as follows:
– Some types of business for PMA (Foreign Capital Investment), the shareholders can be 100% foreigner.
– Also, some types of business for PMA (Foreign Capital Investment), the shareholders must Indonesian and foreigners.
– If you buy asset or land, status of the land mentioned must be HGB (Hak Guna Bangunan) / Building Right Title.