Facilitation For Foreign Nationals In Acquiring Property

One of the provision stated in Law No. 11 of 2020 dated November 2, 2020 dated November 2, 2020 on Job Creation ("Job Creation Law") is the facilitation of property acquisition for foreign nationals in Indonesia. In essence, Article 144 of the Job Creation Law allows foreign nationals to have ownership rights (hak milik) over condominium units (satuan rumah susun), upon the fulfillment of certain conditions.

To implement the above provisions, the government has issued series of derivative regulations, namely Minister of Agrarian Affairs and Spatial Planning/Head of the National Land Agency ("ATR/BPN") Regulation No. 18 of 2021 dated October 27, 2021 on Guidelines for the Determination of Right to Manage and Land Rights, which is recently further implemented by ATR/BPN Decree No. 1241/SK-HK.02/IX/2022 dated September 12, 2022 on Procurement and Price of Residential Houses for Foreign Nationals ("ATR/BPN Decree No. 1241") and also ATR/BPN Circular Letter