Current property prices in Indonesia is one of the lowest in Asia, especially compared with developed countries like the United States or England. The low price of apartments in Indonesia it is likely not supported by the foreign ownership of Indonesian people are formal.In America, the price of commercial property products (apartments) 16,216 U.S. dollars, while in Indonesia only U.S. $ 1287 (http://www.globalpropertyguide.com/Asia/square-meter-prices).
Not only that, in Uncle Sam's country, a foreigner may buy high-rise apartments and landed property, and can get housing up to 30-year mortgage, it made no difference with the American people his own. In fact, tax payments can be housing mortgage income tax deduction.
In Singapore, the price of apartments could reach U.S. $ 11,324 per unit. In our neighboring countries, foreigners can buy high-rise apartments but not allowed to buy landed properties (houses horizontal). While in Malaysia, which promote Malaysia My Second Home ", allowing foreigners and anyone else to buy property and live there. Age was not a restriction to buy property.
Malaysia
For those who want to use their own property or assets to move to stay in Malaysia are given permission to stay for five years. This residence is not just given to the landlord and his family, but also the family's maid. According to Jopy Rusli, Director of PT Lippo Karawaci Tbk, foreigners who buy property in Indonesia products still exist although no formal device.
"They bought the property through SPPJB products (note the binding purchase agreement), its nominee, and FDI (foreign capital companies). However, most foreigners buy property through SPPJB, "said Jopy. The obstacle has been overcome, many of the foreigners who want to buy a commercial property but not recommended by the International Lawyer in the absence of formal ownership of the device in Indonesia. Strangers can not get an apartment loans (KPA) for current regulations do not allow banks to foreigners KPA.
If the government can create policies that allow foreigners to have a commercial property in Indonesia, it is likely our country will be Tiger Properties in Asia. In fact, it could be foreign investors and wealthy people in the Middle East to divert funds to buy an apartment in Indonesia. Is not the money flows to the places that benefit. "Buying a commercial property products in Indonesia, its yield could reach 11.28 percent," said President Director of PT Bakrieland Development Hiramsyah Thaib.
We have foreign workers who work in Indonesia was 83,452 people. "That is a huge market potential. I estimate, from the amount that the potential demand is about 10,000 apartment units per year, "said Hiramsyah. Of potential demand, then Chairman of the Central Executive Board of Real Estate (REI) Teguh Satria can calculate the income derived from the state sales tax for foreigners apartment was.
If the average price of apartments for people, for example, 250,000 U.S. dollars per unit, transactions in a year could reach Rp 25 trillion. Well, taxes could diraup of these transactions amounted to Rp 5 trillion per year. Taxes, among other things of value added tax (VAT) 10 percent, Bea Acquisition Rights Land and Building (BPHTB) 5 percent, and the Income Tax (PPh) Final 5 percent.
"Not to mention again that the government implement the Sales Tax on Luxury Goods (PPnBM) for an apartment, then the tax revenue obtained from sale of property to foreigners will be even bigger," said Teguh. Then where lies the influence of the lower layers of society if allowed foreigners to buy luxury apartments in Indonesia?
"Lah, if the tax revenues, amounting to Rp 5 trillion was used to build a healthy simple house (RSH), will be built RSH 500,000 units or 200,000 units of simple flats (Rusunami)," Teguh said.
Must be responded
The amount of foreign opportunity to buy luxury apartments in Indonesia should be able to immediately respond by the government. This is important because the year 2010 is a good momentum for economic recovery of Indonesia in the future. As we all know, Indonesia, as one of the few countries that made it through the global crisis with economic performance good enough, increasingly viewed by many international institutions and increasingly in the international spotlight as one of the world's new economic powers in Asia and can be equated with India and China.
Optimism of the international financial institutions, like Morgan Stanley and CLSA, which predicts that Indonesia will assist both countries as a major growth center in the region, giving indication that the global investor sentiment toward the Indonesian economy began to gradually strengthened.
This would be best utilized by the stakeholders in the country, especially the government and private sectors, to jointly prepare the system and software to support effective economic development forward in order to be able to be a leading country in this era of global competition it is today.
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