Are you are interested to invest to live or to sublet long term ?
We have some units on sale
Net pricing starts at 300.000.000 IDR and up depending on fitting requests.
Included as standard
Owning a 36 m2 apartment with fitted kitchen and bathroom giving a 4 m2 shared walkway front access equal to all others, the sale also includes a 20 years land rental space of which the building stands with the renew pricing fixed to the market rate at the time of your own extension. In your contract you have the right to share all the public space of the residence therefor cannot be restricted on your own access, this also includes the free use of parking equal to all others along with the contract requirements the management will uphold to keep the residence to a high standard which you would agree to be part of.
Example of the land rental cost in 20 years for another 20 years.
The total land size for the residence is split equally which calculates to 36m2 for each apartments added to your purchase and contract paperwork as a whole. As of 2022 if for example today you needed to renew for another 20 years and you already owned the apartment it would cost you for exmaple 36.000.000 IDR (10mx10m = 5.000.000 IDR = 1 are, you would only be required to cover 0.36 are of 1 are of the current market rate)
Example of if you own an apartment and want to know your other flat rate costs?
Current estimate and corrected if needed at a annual owners meeting and newsletters however you can see a breakdown here :
Community Banjar fee 15.000 per month.
Full time Security and part time cleaners, gardeners 200.000 per month. (3-5 Staff)
Water supply and its running costs 75.000 per month
Garbage collection 27.500 per month.
Shared land Tax 12.500 per month.
Total 330.000 per month when apartment is occupied
Total 112.500 per month when apartment is empty
Can i own one or more apartments legally on paper?
Yes you can own one or more apartments for the purpose to live or to invest.
We have structured our property to follow the law, local or foreign you can own a building.
https://www.expat.or.id/info/buyingproperty.html
Paperwork and Tax
When a studio apartment is sold their is a notary contract of sale with all attached connecting paperwork for the property as a whole plus a 10% sales tax that is to be paid to the government. All of this can be done for you using our credited notary or one of your own choice.