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Old 26-03-2019, 08:15 PM
HeatguyAlvin HeatguyAlvin is offline
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Re: Batam Info / Interest / Help Thread

Quote:
Originally Posted by miumiu6464 View Post
Did some enquiry recently on purchase of property.

1. Foreigners can't buy those houses with land - think most of us know this. Those are only for Indonesian to buy.

2. Only apartments with value more than 750 juta, then you will get the title deed in your name. Less than 750 juta and you will just hold on to the Sales & Purchase Agreement as proof of purchase. The title deed will bear the developer name.

If this is the case, you're restricted to full cash payment or instalment plan by the developer.

3. Initial ownership is for 30 years only, extendable by another 30 years then 20 years, making it a total of 80 years. Don't know what happen after that.

If the owner is going to be Indonesian, then the above don't apply. But then, you will have another set of worry if owner gonigong to be Indonesian. Ha ha

didn't know this. Then how does the villas in Montigo work, if one is considering to buy them. Does one own the land the villa sits under or is it just a lease by the developer, in this case KOP?

Looking at how http://citrabuanaprakarsa.com/property/marriott-hotel/ has been delayed for so long also scary