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Jakarta Post

Foreign ownership: Tripping over the rules

  • Dian Kuswandini

    The Jakarta Post

Jakarta   /   Sat, April 3 2010   /  10:14 am

Inviting prospect: Visitors discuss property deals around a mockup of a planned apartment block at an exhibition. Economists believe opening up the domestic property market to foreign nationals would lead to greater foreign direct investment. JP/Ricky YudhistiraSpending just a little time in Indonesia was enough to make British executive Richard think: “I’d love to live here someday.”

That was back in 1997 when he first travelled to the country as a student, and now, the 41-year-old man lives in South Jakarta, with his Indonesian wife and two children.
“I like it here. My wife is an Indonesian and I have interesting work here,” said Richard, who requested his full name not be published. “Indonesia is my only home.”
So as his only home, it is easy to understand why Richard followed his dream in purchasing a house in Indonesia – although the word “purchase”...