One of the most intriguing parts related to land as stipulated on Law No. 11 of 2020 on Job Creation law (“Job Creation Law”) is pertaining to foreign ownership of apartments in Indonesia. Job Creation Law provides the possibility for a foreigner who possesses relevant permits to be granted with ownership right of apartment constructed on land with a right to build, which previously was prohibited.
Our Partner, Narada Kumara and Associate, Muhammad Ghiffari, provide an overview of relevant provisions under Job Creation Law together with the soon-to-be-published draft of the mandated implementing regulation.
