Kevin1957
[B]Hi all, I shortly going to be applying for a KITAS as an over 55 retiree, once I find the right villa. In the meantime I have been researching the costs of purchasing a freehold villa and converting the title from Hak Malik to Hak Pakai. I will be using both a local Bali lawyer and notary for the process. Can anyone shed some light on the government fees for the land title conversion? Thanks[/B]
sakumabali
Hi Kevin,why you want to purchase a freehold villa? It would be more expensive and except you have an Indonesian partner or family it makes little sense as you can't have the Hak Milik title in your name anyway...using both notary and lawyer is good idea. But I would get instead a long-term lease (hak sews or pakai) instead. At least in the south...
Kevin1957
Hi Kevin,why you want to purchase a freehold villa? It would be more expensive and except you have an Indonesian partner or family it makes little sense as you can't have the Hak Milik title in your name anyway...using both notary and lawyer is good idea. But I would get instead a long-term lease (hak sews or pakai) instead. At least in the south...[/QUOTE]Hi there,Thank you for your comments. I do not like the security of a nominee purchase agreement or long term lease. That is why I am planning to get a Hak Pakai title. I wanted to find out what the cost is for changing a Hak Malik title to Hak Pakai?
Markit
Suggest you look into buying your land/villa freehold (if you can find any still, they are getting very rare as the middle class here grows) and then suggest that the original owner changes the purchase to leasehold for 80 years (2 x 25 and the final 30) pay for all upfront with the option for you to change the title in the future, should the law change or you marry a local, back to freehold. Probably cost the same but gives you more options and flexibility. If you are interested I do know of a villa that might fit that bill here in east Bali?
Kevin1957
Suggest you look into buying your land/villa freehold (if you can find any still, they are getting very rare as the middle class here grows) and then suggest that the original owner changes the purchase to leasehold for 80 years (2 x 25 and the final 30) pay for all upfront with the option for you to change the title in the future, should the law change or you marry a local, back to freehold. Probably cost the same but gives you more options and flexibility. If you are interested I do know of a villa that might fit that bill here in east Bali?[/QUOTE]Hi Markit,Thanks for your suggestion. I have a villa in mind in Ubud from a foreign owner who has an Indonesian as nominee owner of Hak Milik. I am trying to avoid being beholden to a local nominee and think that having a Hak Pakai title (which I qualify for) will provide better security. I just don't know what the government will charge for doing a title conversion from Malik to Pakai
sakumabali
[URL unfurl="true"]https://ppbali.com/bali-property-ownership-can-hak-pakai-changed-hak-milik/[/URL]here are the expenses for Hak Pakai to Hak Milik ... perhaps the other way around it's similar?
Kevin1957
[URL unfurl="true"]https://ppbali.com/bali-property-ownership-can-hak-pakai-changed-hak-milik/[/URL]here are the expenses for Hak Pakai to Hak Milik ... perhaps the other way around it's similar?[/QUOTE]Hi there, thanks for the information. That is good to see. Someone told me it may be more expensive to go from Hak Pakai back to Hak Malik because you are expanding the flexibility of what can be done with the land. Not sure why there is a size of 600sqm or less as s cap?Is there a good notary who works in the Ubud[URL unfurl="true"]https://ppbali.com/bali-property-ownership-can-hak-pakai-changed-hak-milik/[/URL]here are the expenses for Hak Pakai to Hak Milik ... perhaps the other way around it's similar?[/QUOTE]
spicyayam
Have you spoken to a notary about this and asked for a quote? At the end of the day, only they can give you a price.
sakumabali
[URL unfurl="true"]http://www.baliconsultant.com/services/land-transactions.php[/URL]I used Bali Highway in Ubud some years ago. I would go myself there at least for information
Kevin1957
[URL unfurl="true"]http://www.baliconsultant.com/services/land-transactions.php[/URL]I used Bali Highway in Ubud some years ago. I would go myself there at least for information[/QUOTE]Thanks for the good advice. I will see them when I go back to Bali later this month
JohnnyCool
[URL unfurl="true"]https://ppbali.com/bali-property-ownership-can-hak-pakai-changed-hak-milik/[/URL]here are the expenses for Hak Pakai to Hak Milik ... perhaps the other way around it's similar?[/QUOTE]I had a quick look at that property site out of curiosity, especially the sections about "retirement".I didn't know that "almost everybody in Bali" speaks English. Or that a retirement KITAS gives me one year upfront and I can extend it [B]five[/B] more times!Let alone that I could rent a fabulous 2 bed room, 2 bathroom "palace", (with swimming pool), and only pay for it with pennies instead of dollars!!! (I almost choked on that last bit).I think, if it were me, I'd be careful about anything that group told me.:eek:
sakumabali
Well that all could be be possible. I did my visa & KITAS with them around 10 years ago :) When I was searching for a reliable (& English speaking) partner on this matter they were delivering
