there are those who claim land is devalued as a result of going from hak milik to HGB. but in practice, I feel it doesn't really affect it that much. there is in fact a process to convert it back to hak milik, should there be such a desire, and in fact this often happens just before the expiry of the HGB.

I'm sure all we Jakchatters have indeed "learn[ed] local customs and good ways of communicating with local workers to avoid recurrence."

So, does land under a HGB or HGU trade for the same price as freehold land? Isn't it a sort of hot potato which no-one wnats to be holding when the time runs out?

From the shoutbox: Sammy Jankis: Not news: An Indian allegedly says that "Indonesians are stupid". Sammy Jankis: News: 5000 Indonesians prove that statement true by burning multiple cars, burning buildings and nearly killing the Indian. Sammy Jankis: SUPER News: Indonesian authorities chalk it up to a misunderstanding. TILT TILT TILT

SBY’s “Tampaksiring Strategy”, announced from Bali this week, is the most significant initiative so far in the President’s five-year tenure. The plan is a new game-changer in two ways: First, it departs from the dreadful GDP boosterism of Indonesia’s past, in which few looked closely at who was benefitting from the growth.

Industry Minister MS Hidayat said on Thursday that the government has agreed to offer investors further tax incentives to help achieve its ambitious target of attracting Rp 10,000 trillion ($1.1 trillion) in new investments by 2014. Hidayat said the Investment Coordinating Board (BKPM) and the Finance Ministry shared his view about the necessity of providing such incentives. “We’re facing a high target in attracting investment. Therefore, we need ammunition,” he said.

TEMPO Interactive, Gianyar:The Government in targeting incoming investment of Rp10,000 trillion for the next five years. Half of the investment is expected to come from the private sector. “The action plan is Rp10,000 trillion in five years. Of this, 50 percent will come from the private sector, domestic or foreign companies,” said the Coordinating Minister of Economy, Hatta Rajasa, when presenting working meeting results in Tampaksiring, Bali, on Wednesday (21/04).

Jakarta (ANTARA News) - The ministry of manpower has set up a fact-finding team to be sent to PT Drydock World Graha in Batam following rioting at the company on Thursday. "I have ordered the setting up of a fact-finding team to be immediately dispatched to the field and immediately settle the problem. The team will keep monitoring the development of the case. We hope the incident will not happen again," Manpower Minister Muhaimin Iskandar said at his office.

Quoting: Polisi Cepek Hmm, how would it work if foreigners could own property but just for 90 years? Surely that's not ownership, but rental? all property owned by companies in indonesia is in fact not in perpetuity (ie, freehold). it is long term title such as HGB (hak guna bangunan) and HGU (hak guna usaha). initial title period is usually 25-30 years, and can then be extended twice by paying 1.5% of the taxable value (NJOP) of the land to the lands office (BPN).