Sale and Purchase Agreement for Land and Building (“PPJB”)
On 18 July 2018, Ministry of Public Works and Housing has issued Regulation No. 11 of 2019 regarding Sale and Purchase Agreement for Land and Building (Perjanjian Pengikatan Jual Beli – PPJB) which revoked and unified the old regulations issued on 1994 and 1995 regarding house and apartment unit. The issuance of this regulation resulting in all drafts of PPJB which have not been signed must be adjusted with the provisions under the regulation. While the signed PPJB remain valid until it is expired.