Have you ever dreamt of owning a slice of paradise? Bali, the Island of Gods with its lush landscapes, vibrant culture, and stunning beaches, offers both amazing lifestyle and high returns. Foreigners can now seize this unique opportunity for long-term investment with freehold ownership.
Curious about how you can make this dream into reality? Dive into this comprehensive guide, answering all your questions about freehold property.
What is Freehold Property?
Freehold property refers to the complete ownership of a piece of land and any structures on it. Unlike leasehold property, where ownership is limited to a set period, freehold ownership is indefinite, providing the owner with full rights to use, transfer or sell the property as they wish. In Bali, freehold property is particularly attractive due to its potential for appreciation in a fast-growing market.
Understanding Freehold Titles in Bali: Hak Milik and HGB
In Bali, there are two types of freehold / freehold-equivalents available:
- Hak Milik: This is the highest form of property ownership under Indonesian law, granting the holder the right to own the property indefinitely. However, Hak Milik is only available to Indonesian citizens, meaning foreigners cannot hold this title.
- HGB (Hak Guna Bangunan): Foreigners can own property in Bali through an HGB title, which grants them the right to build and use the land. This is done through a foreign investment company known as a PT PMA. The PT PMA can purchase land under Hak Milik and convert it to HGB or acquire existing HGB land. HGB is valid for a period of 80 years.
Both HGB (Right to Build) and Hak Milik (Freehold Title) are freely convertible by locals, foreigners can sell freehold property back to Indonesians at its full freehold value, ensuring a seamless and equitable transaction for all parties involved.
Benefits of Owning Freehold Property in Bali
1. Long-Term Investment with Capital Appreciation
Freehold property in Bali is a solid long-term investment. With Bali's growing popularity as a tourist destination and its steady economic development, property values are likely to appreciate over time, resulting in significant capital appreciation. This makes freehold property an excellent asset for future financial security.
2. Full Control
Owning a freehold property grants you full control over your land and any developments on it. This autonomy allows you to build, renovate, or use the property according to your personal or business needs without the constraints that come with leasehold agreements.
3. Stability and Security
Freehold ownership provides a sense of stability and security. Unlike leasehold arrangements that might need renegotiation or renewal, freehold property is yours for at least 80 years, ensuring peace of mind and long-term stability.
How to Obtain HGB Title as a Foreigner
Foreigners can acquire HGB title by following these steps:
1. Establish a PT PMA: Foreigners must establish a PT PMA, a legal entity under Indonesian law. The PT PMA can then purchase land and hold the HGB title.
2. Purchase Land: The PT PMA can acquire land under Hak Milik and convert it to HGB or purchase existing HGB land.
3. Process with a Notary: All land transactions in Indonesia must be processed by a notary who will handle the necessary paperwork and submit it to the relevant authorities.
Tips for Finding Your Dream Freehold Property
1. Define Your Goals
Clearly define your goals and priorities before starting your property search. Whether it's a private villa for personal use, a rental property for income, or land for development, knowing your objectives will streamline the process.
2. Budget Wisely
Establish a realistic budget that includes not only the purchase price but also additional costs such as taxes, legal fees, and maintenance expenses. This helps you make informed decisions and avoid financial strain.
3. Explore Different Areas
Take the time to explore various areas in Bali to find the one that best suits your lifestyle and investment strategy. Each region offers unique advantages and potential for growth.
4. Network and Seek Recommendations
Networking with other expats, property owners, and real estate professionals can provide valuable insights and recommendations. Personal experiences and referrals can lead you to reliable opportunities. Our team is happy to support you with valuable contacts in all property investment-related fields.
Discover the Secret to Luxurious Freehold Living: Bellana Boutique Villas
Unlock the potential of your investment with Bellana Boutique Villas, where luxury meets prime freehold options in Bali. Our meticulously designed villas in Balangan provide an exclusive, comfortable, and highly lucrative investment opportunity. Whether you prefer a cozy 2-bedroom retreat or a spacious 4-bedroom haven, Bellana Boutique Villas offers a prime choice for freehold investors.
Why Choose Bellana Boutique Villas?
Tropical Minimalist Design: Enjoy premium natural materials, functional layouts, and stunning aesthetics, crafted by an experienced developer in collaboration with an Italian architect known for combining architectural excellence with design finesse.
Prime Location: Experience the best of Bali in the serene and sought-after area of Balangan.
Integrated Amenities: Part of an integrated development featuring gyms, rooftop bars, and other luxurious amenities for an unparalleled lifestyle.
Flexible Purchase Options: Benefit from tailored purchase options to suit your investment strategy.
Curious About Extending Beyond 80 Years?
There are verified methods to extend your property ownership beyond the typical 80-year mark of the HGB title. But the secrets are reserved for those ready to delve deeper.
Ready to explore the full potential of Bellana Boutique Villas and uncover the secrets to extending your ownership? Our comprehensive guide is packed with invaluable insights and exclusive tips tailored for savvy freehold investors.
Download Our Exclusive Freehold Guide – link to Bellana Freehold Guide
By downloading our guide, you’ll gain exclusive knowledge that goes beyond standard investment strategies. Don’t miss out on this opportunity to secure your luxury freehold property in Bali’s prime location. Fill in your contact details now and start your journey towards unparalleled investment success!
Disclaimer: This guide is provided for informational purposes only and should not be construed as legal or financial advice. Regulations regarding property ownership in Bali may change, and it is recommended that professionals seek legal and financial advice before making any property investment decisions.
JAMES HARTSHORN
James is the CEO and Co-Founder of Bartra Wealth Advisors Limited, known for successfully raising over half a billion euro for Irish real estate projects via the Investment Immigration Program. He has a strong track record of establishing and successfully implementing cross-border real estate investment programs across Asia and Europe.