Indonesia is a good place to invest. This is because the country thrives economically. There are many sectors to invest in. You may go for tourism or agriculture. There is also the option of technology or manufacturing. However, the most popular sector for investment is real estate. This is because it is straightforward. It is also the easiest and safest way to invest.
While buying property in Indonesia is generally profitable, some options are better. It is advisable to buy flats in Indonesia. This is because apartments are cheaper than houses. They also have many perks. You can buy many apartments in one residential complex. You can also buy flats in different residential complexes. It is an opportunity to spread your money on diverse investments in the same market.
Pros of living in a flat in Indonesia
Flats are unique. It can be compact, and suitable for single living. It can also be large enough to fit a family. The benefits of living in a flat are:
- Flats are relatively affordable. If you compare a unit to a standalone house, an apartment is cheaper. It is therefore practical for anyone on a tight budget. This does not mean flats are of lesser quality. You can get a good flat at an affordable rate.
- They come with amenities exclusive to residents. Many buildings have amenities for their residents. They often have swimming pools, gyms, lounges and so on. Some have playground for children and gardens. Many have parking spaces for people living there. Living in an apartment allows you to benefit from these amenities.
- They’re often located in vibrant areas. This is useful in so many ways. Transportation is easier in cities so you’ll have no problem with commute. It may be close to where you work. You’d also have easy access to restaurants, cafes, hospitals, banks and any other needed facility.
- They make it easy to relate and blend in. A foreigner would want to settle in as smoothly as possible. Living in an apartment makes this easier. You’d have neighbors, many of whom would be foreigners too. You can make friends with some fellow residents and blend easily.
- Maintenance is easier. In a residential complex, you only need to maintain the part that’s yours. General spaces such as amenities and the exterior of the apartments will be maintained by the landlord. The only maintenance you have to do is in your private space.
- Security in residential complexes is tight. This could be through security features. It could also be through security personnel. Whether you’re always home or not, you and your belongings are secure.
If you’re not buying a flat to live in, you’d still get benefits. Flats are easy to rent out. They’re in high demand because more people migrate to cities. This means your apartment won’t sit empty for long.
What kinds of apartment are in Indonesia
Flats are diverse. However, they majorly come in two forms. There are completed buildings where you can buy units ready for use. There are also new developments. These are buildings that are not finished yet. You can buy units and wait for them to be completed. They are often cheaper than completed units. Read more on the official website – https://indonesia-real.estate/. Beyond these, apartments in Indonesia vary in terms of how luxurious they are.
There are studio apartments. They have a single open space for a living room, bedroom and cooking area. This is good for a single person or a couple looking for a small and cozy space. There are also regular apartments with different numbers of rooms in them. Regular apartments have a living room, a kitchen and bedrooms. Anyone can stay in a regular flat because the number of bedrooms differs.
The more luxurious apartments include penthouses and serviced apartments. These are large units at the topmost part of a high-rise building. It often has a balcony, great views and sometimes; exclusive amenities. The latter combines the feel of a hotel and a home. It offers laundry, housekeeping, concierge and so on. It is common among visitors. It is often temporary.
Who can buy flats in Indonesia
Indonesia has regulations guiding foreign investment in real estate. This means that there are processes to pass through before buying a flat. Only citizens can freely buy property at any time they want. However, this does not mean that aliens are not allowed to buy property in the country.
Foreign investors can buy flats. This is through a foreign investment company. This company needs to be registered in Indonesia. The majority of shareholders have to be Indonesians before you’d be qualified to buy flats.
You don’t have to create an investment company. You can opt for a leasehold agreement instead. With a lease, you can own the flat for up to 80 years. During this time, the use is at your discretion. You can live in it. You can rent it out or you can resell it by transferring your lease to someone else.
With the above measures, anybody can buy flats in Indonesia. You could be an expert investor or a beginner. You may be an expat or simply someone who loves Indonesia. All that matters is following due process.
Working as an expat in Indonesia
Indonesia has a growing economy. Many take advantage of this to become expats in the country. As an expat, you could work in any industry in Indonesia. This includes education, agriculture, technology etc. An important part of working in Indonesia is having a place to live. You need accommodation to get a work permit and a residency. Therefore, buying a flat is optimal for expats. This is because of its price and the many benefits it offers to visitors in Indonesia.
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