Makassar

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Housing and Real Estate

Sections

Housing and Real Estate in Makassar, Indonesia

Types of Housing

  1. Apartments:

    • Common in urban areas, ranging from budget to luxury options.
    • Typically include amenities such as security, parking, and sometimes pools.

  2. Houses:

    • Available in various styles, including traditional Indonesian homes (rumah adat) and modern designs.
    • Often found in suburban areas, with options for both rental and purchase.

  3. Townhouses:

    • Multi-story homes that share walls with neighboring units.
    • Popular among families and expatriates for their space and community feel.

  4. Guesthouses and Homestays:

    • Short-term accommodation options, often used by newcomers or tourists.
    • Generally more affordable and provide a local experience.

Average Costs

  • Rent:

    • Apartments: IDR 2,000,000 to IDR 10,000,000 per month, depending on location and amenities.
    • Houses: IDR 3,000,000 to IDR 15,000,000 per month, varying by size and neighborhood.

  • Purchase:

    • Apartments: IDR 300,000,000 to IDR 1,500,000,000.
    • Houses: IDR 500,000,000 to IDR 3,000,000,000, influenced by location and property size.

Rental and Purchasing Procedures

  1. Rental Process:

    • Search: Use local real estate websites, social media groups, or engage a local agent.
    • Viewing: Schedule visits to potential properties.
    • Agreement: Negotiate terms and sign a rental agreement (usually for 1 year).
    • Deposit: Typically, a security deposit of 1-2 months' rent is required.

  2. Purchasing Process:

    • Research: Identify desired neighborhoods and property types.
    • Legal Assistance: Engage a notary or legal advisor familiar with Indonesian property law.
    • Offer: Make a formal offer to the seller.
    • Due Diligence: Conduct property checks, including ownership verification and land status.
    • Transaction: Sign a sale and purchase agreement, followed by payment and transfer of ownership.

Local Regulations

  • Foreigners can purchase property but must comply with specific regulations, such as:
    • Leasehold: Foreigners typically acquire property on a leasehold basis (up to 30 years, renewable).
    • Ownership Restrictions: Foreigners cannot own land outright but can own apartments under certain conditions.
  • Building Permits: Required for any construction or significant renovations. Consult local authorities for guidelines.

Cultural and Logistical Considerations

  • Local Customs: Understanding local customs and etiquette is crucial. Respect for privacy and communal living is important in residential areas.
  • Language: Bahasa Indonesia is the official language; learning basic phrases can facilitate communication.
  • Utilities: Ensure to set up utilities (water, electricity, internet) upon moving in. Local providers include PLN for electricity and PDAM for water.
  • Neighborhoods: Popular areas for expatriates include Panakkukang, Makassar City Center, and Tamalanrea, each offering different amenities and community vibes.

Conclusion

Navigating the housing and real estate market in Makassar requires understanding local practices and regulations. Engaging local real estate agents and legal advisors can ease the process, ensuring compliance with local laws and cultural norms.