Balikpapan

๐Ÿ˜๏ธ

Residential Areas

Sections

Residential Areas in Balikpapan, Indonesia

Types of Housing Available

  1. Apartments: Common in urban areas, suitable for singles and small families. Typically range from studio to three-bedroom units.
  2. Houses: Available in various styles, including traditional Indonesian homes and modern villas. Options range from modest single-family homes to luxury properties.
  3. Townhouses: Often found in gated communities, providing a balance between apartment living and standalone houses.
  4. Shared Housing: Popular among expatriates and students, often in the form of shared apartments or houses.

Average Rental and Purchase Costs

  • Renting:
    • Apartments:
      • Studio: IDR 2,500,000 - 4,000,000/month
      • 1-bedroom: IDR 3,500,000 - 6,000,000/month
      • 2-bedroom: IDR 5,000,000 - 10,000,000/month
    • Houses:
      • 2-bedroom: IDR 4,000,000 - 8,000,000/month
      • 3-bedroom: IDR 6,000,000 - 12,000,000/month
  • Buying:
    • Apartments: IDR 300,000,000 - 1,500,000,000 depending on size and location.
    • Houses: IDR 500,000,000 - 3,000,000,000 based on size, condition, and neighborhood.

Recommended Neighborhoods

  1. For Families:

    • Gunung Bahagia: Family-friendly with parks, schools, and community facilities.
    • Sepinggan: Offers good schools and access to shopping centers.

  2. For Professionals:

    • Balikpapan Baru: Close to business districts, modern amenities, and restaurants.
    • Klandasan: Offers a mix of residential and commercial spaces, ideal for working professionals.

  3. For Expatriates:

    • Bukit Damai: Gated communities with international schools and expatriate-friendly amenities.
    • Manggar: Known for its expatriate community, with access to international schools and social clubs.

Process of Renting or Buying Property

  • Renting:
    1. Search: Use local real estate websites, social media groups, or local agents.
    2. Viewings: Schedule visits to potential properties.
    3. Negotiation: Discuss terms, including rent, deposit (usually 1-2 months), and duration of lease.
    4. Contract: Sign a rental agreement, ensuring it includes all terms discussed.
  • Buying:
    1. Research: Identify desired neighborhoods and property types.
    2. Engage a Real Estate Agent: Local agents can provide valuable insights and assist with negotiations.
    3. Legal Checks: Ensure the property has clear titles and is free of disputes.
    4. Purchase Agreement: Sign a sale agreement, typically requiring a deposit (10-30%).
    5. Transfer of Ownership: Complete the transaction through a notary, ensuring all legal requirements are met.

Local Considerations

  • Proximity to Schools: Many neighborhoods have access to both local and international schools. Research school ratings and curricula.
  • Markets and Shopping: Local markets are prevalent, with larger shopping malls in urban areas. Consider proximity to grocery stores and amenities.
  • Transportation: Balikpapan has limited public transport; owning a vehicle or using ride-hailing services is common. Check for access to main roads and traffic conditions.
  • Safety: Generally safe, but like any city, itโ€™s advisable to be aware of your surroundings, especially in less populated areas.

This structured overview provides essential insights into housing and accommodation in Balikpapan, helping newcomers navigate their options effectively.