APARTEMENT BALI FOR SALES
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Can I live in Bali permanently?
The cost of renting an apartment in Bali can vary depending on the location, size, amenities, and duration of the rental. Here is a range of apartment rental prices in some popular areas of Bali:
- Kuta and Legian:
– Studio or one-bedroom apartments: Around IDR 5 million to IDR 10 million per month.
– Two-room apartment: Around IDR 10 million to IDR 20 million per month. - Seminyak and Petitenget:
– Studio or one-room apartment: Around IDR 7 million to IDR 15 million per month.
– Two-room apartment: Around IDR 15 million to IDR 30 million per month. - Canggu:
– Studio or one-room apartment: Around IDR 6 million to IDR 12 million per month.
– Two-room apartment: Around IDR 12 million to IDR 25 million per month. - Ubud:
– Studio or one-room apartment: Around IDR 4 million to IDR 10 million per month.
– Two-room apartment: Around IDR 10 million to IDR 20 million per month. - Nusa Dua and Jimbaran:
– Studio or one-room apartment: Around IDR 5 million to IDR 12 million per month.
– Two-room apartment: Around IDR 12 million to IDR 25 million per month. - Sanur:
– Studio or one-room apartment: Around IDR 5 million to IDR 10 million per month.
– Two-room apartment: Around IDR 10 million to IDR 20 million per month.
These prices are estimates and may change depending on the season, amenities provided, and negotiations with the landlord. In addition, long-term leases can usually be negotiated for a better price. If you are interested in renting an apartment in Bali, it is highly recommended to do thorough research, visit the property in person, and speak to an experienced local property agent to get the best deal that suits your needs and budget.
Can I buy an apartment in Bali?
Yes, you can buy an apartment in Bali, but there are some rules and restrictions to understand, especially if you are a foreign national. Here are some of the possible ways:
- Right to Use: Foreigners can buy an apartment with the right to use. This right allows them to use the property for a certain period of time, usually 30 years, and can be extended up to 80 years. The right to use can be granted to foreign individuals or legal entities who have a residence permit in Indonesia.
- Leasehold: Foreigners can lease an apartment for a long period of time, usually up to 25-30 years, with an option to extend. This is the most common method used by foreigners to have long-term access to property in Bali without having full ownership rights.
- Setting up a PMA (Foreign Investment) Company: Foreigners can establish a PMA company that can purchase property with Hak Guna Bangunan (HGB). A PMA company is a business entity registered in Indonesia and can be wholly owned by foreigners. Properties owned by PMA companies can be used for commercial purposes, such as apartment rentals.
It is important to note that laws and regulations are subject to change, and the process of buying property in Indonesia can be complicated. Therefore, it is highly recommended for foreigners looking to buy an apartment in Bali to consult with a licensed property agent and a lawyer experienced in Indonesian property law to ensure compliance with all applicable regulations and protect their investment.