Panorama to build apartments in Bali
Originally posted by: nwgirl
If I paid $200,000 wasn't the apartment mine, Kuku? I'm not clear on your last stmt.
ask them, what sort of title will i get? the answer will be a lot of mumbo jumbo about Hak Milik and nominees. villa ownership by foreigners in Bali is a house of cards that's going to collapse sooner or later.
basically, foreign nationals cannot own property in Indonesia. the only way a foreigner can secure property rights is through use of a PMA company which owns the property on their behalf.
for fuller discussion on this see http://okusiassociates.com/garydean/works/landlaw.html