Freehold land, also referred to as Hak Milik, grants the owner full rights and control over the property indefinitely. While foreign individuals and entities may acquire Freehold land under certain circumstances, the Indonesian government primarily reserves this privilege for its citizens, as it serves to protect the country’s heritage, cultural identity, and ensures sustainable development.
For foreigners to invest, Leasehold properties serve as the solution. Leasehold arrangements allow foreigners to secure similar ownership rights to a property per a long-term lease contract on the property, typically for several decades.
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