Will freehold ownership be allowed for foreigners? There are talks about allowing foreigner to buy freehold properties on their own name.
However, special attention should be paid to this line:
“But Mr Sofyan did not say if the expected amendment to the law would allow the non-Indonesians to also buy landed houses.”
So, maybe it is not valid for existing properties. Hopefully by the end of this month, we know more.
Please read the full article in this link: