Jakarta

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Luxury Condominiums

Sections

Luxury Condominiums in Jakarta, Indonesia

Types of Condominiums Available

  1. High-Rise Condominiums: Typically 20+ stories, offering city views and modern amenities.
  2. Low-Rise Condominiums: Generally 3-5 stories, providing a quieter environment.
  3. Serviced Apartments: Fully furnished units with hotel-like services, ideal for short-term stays.

Average Costs

  • Purchase Prices:
    • High-end units range from IDR 2 billion to IDR 10 billion (approximately USD 140,000 to USD 700,000).
    • Luxury penthouses can exceed IDR 20 billion (USD 1.4 million).
  • Rental Prices:
    • Monthly rents for luxury condos range from IDR 15 million to IDR 50 million (USD 1,000 to USD 3,500), depending on location and size.

Amenities Offered

  • Common Amenities:
    • Swimming pools, fitness centers, gardens, children's play areas, and parking.
  • Luxury Amenities:
    • Concierge services, spa facilities, rooftop lounges, and security services.
  • In-Unit Amenities:
    • High-end appliances, smart home technology, and spacious layouts.

Purchasing or Rental Procedures

  • Rental Process:

    1. Search: Use local real estate websites or agents.
    2. Viewing: Schedule visits to shortlisted properties.
    3. Negotiation: Discuss terms and conditions with the landlord.
    4. Contract: Sign a rental agreement, typically for 1 year.
    5. Deposit: Pay a security deposit (usually 1-2 months' rent).

  • Purchasing Process:

    1. Find a Property: Engage a real estate agent familiar with luxury condos.
    2. Due Diligence: Verify property documents and ownership.
    3. Offer: Submit a purchase offer.
    4. Contract: Sign a sale and purchase agreement.
    5. Payment: Complete payment and transfer ownership.

Legal Requirements for Foreigners

  • Foreigners can purchase apartments but must adhere to the following:
    • Maximum ownership of 50% of units in a building.
    • Must be a leasehold agreement (typically 30 years, renewable).
    • Required to obtain a legal entity (PT PMA) for property investment.

Popular Locations

  1. Kuningan: Known for its business district and luxury condos.
  2. SCBD (Sudirman Central Business District): Offers high-end living with proximity to offices and shopping.
  3. Menteng: A prestigious area with historical significance and upscale residences.
  4. Kemang: Popular among expatriates, known for its vibrant lifestyle and amenities.

Local Cultural and Practical Considerations

  • Cultural Nuances:
    • Respect local customs and traditions; greetings and polite behavior are valued.
    • Dress modestly in public spaces, especially in religious areas.
  • Practical Tips:
    • Traffic congestion is common; consider proximity to work and amenities.
    • Familiarize yourself with local services (e.g., grocery stores, hospitals).
    • Engage with the community; socializing can help ease the transition.

This structured overview provides essential information for navigating the luxury condominium market in Jakarta, ensuring informed decisions for potential residents.