Indonesian law states that it is unauthorized for foreigners to own land or property in Indonesia. In order to protect the economy, these laws aim to keep ownership of land and property within the country. However, foreigners can lease the property for an extensive period of time and this can be a great investment.
While the Condo Rules do assist in providing developers and investors with further clarity on certain licensing and procedural matters as well as certain more robust investor protection mechanisms, certain queries remain. In particular, the Condo Rules do not address the wider concerns surrounding an individual unit holder’s title to the underlying development land. The Condo Rules are silent on the procedure for converting state-owned land and other scenarios such as where the underlying land owner provides a long-term lease. The cost of your condo fees can vary, but they will likely be high if your building features many high-end amenities. You may see condos listed among traditional homes when you’re searching for a house to buy.
Launched condo in KL area that is luxurious yet affordable
If you are someone who is still trying to make a choice between the two, we suggest you speak with an experienced property dealer and discuss with them your needs and concerns before selecting an option that suits you best. There is a cap on the transfer fee in the case of the apartments. Excellent security – Condominiums offer great security as well as prevent the chances of intruders breaking in. An apartment building is one that can house a minimum of 10 families. Restricting access to your information only to qualified and authorized personnel who hold your information with strict confidentiality including third-party personnel/company who may be required to process your information.
- Beautifully located at a point where Mandaluyong and Makati Cities meet, and bordering Pasig River like a floating resort, Acqua Private Residences is truly a fascination waiting to be realized.
- To view this property or request more detail contact the Agent by Calling or Emailing.
- Ideally situated along the Potomac River in Old Town North, MUSE presents luxury condominiums with stunning interior design alongside an array of inspired amenities and white glove services with an exciting new connection to the Arts.
- According to the Gastein Convention in the next year, Lauenburg left the condominium , Austria governed Holstein and Prussia controlled Schleswig.
Newport Residences rise majestically 45-storey high into the skyline of Singapore’s Downtown. An iconic modern mixed development poised to redefine the essence of opulent urban living with its official launch in 2024. Generally, common elements in your condominium are everything that is not your or another owner’s unit. Most declarations outline exclusive use of common elements in schedule F and the boundaries of a unit and common elements in schedule C. The CAO’s Condo Owners’ Guide has more details on common elements. Singapore Condo Directory provides information, pictures, videos, reviews, location maps, listings, floor plans and site plans of Singapore condominiums and Singapore apartments.