Indonesia is the largest archipelago in the world, which affords the country many opportunities for overseas property buying and investments. A foreigner buying property in Indonesia may be drawn to this multicultural country’s warm culture and vibrant way of life. However, there’s more to Indonesia than these.
Jakarta, the capital city of Indonesia is home to approximately 10 million people, which makes it the country’s most inhabited city. With that being said, Jakarta properties and businesses are in utmost demand.
But the question is—should you invest in Indonesia properties?
Here are 5 good reasons to say YES to buying Indonesia property, specifically Jakarta property:
Jakarta properties sky scrapper
1. Newly signed law that favours overseas property investment
Indonesian President Joko Widodo signed a law that allows foreigners who legally reside in Indonesia to own landed Indonesia property for up to 80 years. A foreigner buying property in Indonesia can be entitled to a right-of-use agreement for 30 years, which can be extended up to 80 years.
2. Cheap cost of living
Your everyday cost of living should be considered if you plan to move overseas. If you choose a Jakarta property, consumer prices in Indonesia are about 50% lower than Singapore’s. Restaurant prices are 66.08% cheaper, while grocery prices are 37.85% cheaper. It is also easier to buy a car in Indonesia, where fuel cost is also inexpensive.
3. Stable politics
Stable politics means stable economy. Stable economy means better value for your money and investments. A high trust rate attracts businesses to bring development in Indonesia.
4. Improvements in infrastructure
Due to the booming population in Indonesia, improvements in infrastructure are rapidly needed. The government seeks to provide more functional infrastructure through public-private partnerships. If you invest in Jakarta property now, you are in for a booming property market.
5. Aids to ease traffic
Traffic is a well-known problem in Indonesia, and it is good that their government is taking actions to ease it. A new toll road and LRT system will be functional this 2017, which will run from East Jakarta to Bekasi. Adding access points to Jakarta will boost property values, giving you better value for your overseas investment.
Are you ready to say YES to your next property investment? Make buying a condo in Jakarta easy by visiting our listing Indonesia properties for sale. You can read more about Indonesia and other overseas property investments on our Facebook page.