Re: Batam Info / Interest / Help Thread
[QUOTE=retirebatam;18764684]The ease of selling off your condo unit in Batam depends on the following :
1) Location of your property.
2) Selling price of your property unit.
3) Current property market status.
4) Condition of your condo/apartment unit
5) Marketing strategy
I think any foreigner considering buying a property in Batam, please go find out the facts from a local Notaris. From what I know, Indonesia owner buy property now under Hak guna bangunan, foreigner buy a property under Hak pakai bangunan. They are very different in fact, ans I think there is also a difference in the max number of years this Hak (right) can be extended.
Worst thing about foreigner buying a property under Hak pakai, if they want to sell to a local, almost any local will prefer to convert the Hak Pakai to Hak Guna, and the cost is NOT cheap. So please find out full details.
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