Ra Residence, the Serviced Apartment with a New Approach

How many residential properties in Jakarta have been recently developed with high-tech while taking an eco-friendly approach in keeping with a green environment? You won't find many. Most buildings today seem to be built with some of the most high-tech facilities and equipment only. 

It is a great challenge indeed to balance efficiency with cost effectiveness in this day and age. Just imagine the difficulties of trying to balance a successful project taking energy saving technologies, i.e. water and electricity. The buildings in which we live, work, and play protect us from the daily elements of weather, yet they also affect our health and environment in countless ways. As the environmental impact of buildings becomes more apparent, there has been a shift taking these factors into consideration. Developing buildings that will be not only run more efficiently but also more effective for a healthily life as well!

This brings us to Cilandak area and a visit to Ra Residence, a brand new building catering to expatriates and  world business travelers, not to mention discerning residents of Jakarta and beyond. This new property represents a rare opportunity to balance prestigious urban living with established high tech go-green concepts!

Purchase of Property by an Expat or Indonesian Couple

The crucial preparation for purchasing property is whether or not the Indonesian spouse and the expat spouse have a prenuptial agreement for separation of property. If you do have this agreement, it would mean that the couple could legally purchase the property. This agreement must be signed before you are married.

Under Indonesian law property is jointly owned after marriage, unless there is a prenuptial agreement, and this means that property owned by the Indonesian spouse also becomes the property of the foreign spouse, which is illegal according to the Agrarian Law. Therefore the property must be sold within one year of marriage to a foreigner or converted from "hak milik" (right of ownership) to "hak pakai" (right of use) which decreases the value of the property. (Pasal 26 ayat 2) 

Using an Indonesian Nominee/Friend to hold your Title 

Another way that you can purchase a condo is by paying for the property but putting the title in the name of an Indonesian citizen. Needless to say, this must be someone you trust implicitly since, according to the law, this person would be the legal owner, no matter what verbal or written agreement that you may have between the two of you.

Useful Information for Expat | Living in Indonesia

Expats in Indonesia have very little chances to buy properties in the country due to the laws in place. Although expats may purchase the house or unit, the sale does not include the land. Nevertheless the process of purchasing real estate is a long process for expatriates.

Foreigners rent accommodations instead. The expat community in the capital Jakarta is growing; foreigners prefer to live there as commercial businesses, civil services and other amenities are located in the city. Jakarta is also an inexpensive city, compared to other metropolitan areas in Asia. Rental prices do however vary. Expats must be aware that landlords are known to rent their units for a more expensive price when dealing with expatriates.

Useful Information: Jakarta Guide [1]

For the majority of its residents, Jakarta is a city of promise. The lure of jobs and a better life has caused the city’s population to escalate at an alarming rate, to more than 10 million. Visually unprepossessing, this is a city of monotonous skyscrapers, apartment buildings, shopping malls and traffic-choked highways, with few green spaces to break things up. More positively, the nation’s largest metropolis has a rich cultural life, with an abundance of performing and visual arts, and a laid-back, courteous persona.