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Written by IndoCasa
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For many years Indonesia has decreed that land in Indonesia can only be owned by Indonesian citizens. Thus, if you want to buy a house (as a foreigner), this would have been legally impossible.
In the late 90s, new laws were enacted so that foreigners are now permitted to purchase apartments and office space in Indonesia if the building has a strata title status. This enables the foreigner to own the apartment or office space but not the land on which it stands.
Purchasing an apartment or office under Strata Title
Ownership of offices and apartments is possible through strata title deeds, but the set of laws and regulations that were enacted in 1996 are clear and clearly allow ownership of an apartment in a high rise building.
The 1996 regulation (No. 41/1966) states that foreigners who reside in Indonesia, or visit the country regularly for business purposes, can purchase a home, apartment or condominium as long as it isn't a part of a government-subsidized housing development. However, foreigners can only hold land-use deeds, and most developments hold right-to-build deeds. As it stands now, it's not possible for someone to have a land-use deed for a sub-unit of a right-to-build deed. The length of these titles varies as well. Therein lies some of the difficulties and unclear ownership issues.
Convertible Lease Agreement
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Written by Adriana
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Located on the hillside of Corossol, St. Barts, this next villa, named Casaprima, is an outstanding contemporary villa that offers incredible panoramas of the bay. At night, the luxurious yachts anchored in the port shine their lights in the direction of the villa, accelerating the felling of a perfect holiday. Casaprima incorporates minimalist design into an exotic setting, making the living areas an enchanting place to enjoy a cup of happiness next to the shore. The villa can be rented and enjoyed by those who are willing to pay the price. It has 2 bedrooms inside the main building, complete with king size beds and another bedroom in a separate bungalow with its own kitchen and bar. Other features of the house include a cosy and bright living room, a gourmet kitchen and an amazing terrace with views of the bay. Large windows and sliding doors allow the landscape to take your breath away from any corner of the villa. The exotic wood found all over the house, combined with the fresh, frisk air of the breeze, offers the amazing connection to nature needed for a perfect vacation.
by:Adriana |
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Written by Ean Tan
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Timeless Elements
Country-inspired styles have stood the test of time and remained popular for the past few decades. This traditional design of cabinets are usually found in natural grain stained in walnut, mahogany or just painted in off-white to lend a formal elegance to the kitchen. Pair them with brass fixtures, glass inserts and granite worktops to complete the look. Sturdy, clean lines of with embellished trim and elaborate handles or knobs are also part and parcel of this warm and welcoming style.
A uniquely minimalist design of the S1 collection by SieMatic
A uniquely minimalist design of the S1 collection by SieMatic
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