These three cities are most popular with foreigners when hunting property in Indonesia

KOMPAS.com - In recent years, policies and regulations regarding property ownership by foreign nationals (WNA) in Indonesia have developed and increased their interest in property in the country.

Rumah123 noted that the growth in property demand from foreigners in 2023 experienced rapid development compared to 2022.

"It is hoped that the foreign market potential will further accelerate the growth and progress of this industry in 2024," said Head of Research at Rumah123, Marisa Jaya, quoted from the official website recently.

Rumah123 noted that there are 10 areas most popular with foreign property seekers, with South Jakarta, Badung and Tangerang ranking highest in terms of popularity.

Then followed by Bandung, West Jakarta, Batam, North Jakarta, Denpasar, Central Jakarta and Surabaya.

As for South Jakarta, one of the central business district (CBD) areas is an area that is equipped with various adequate supporting facilities, an established environment, and a modern community that supports the needs of expatriates, making it a favorite choice for foreigners when searching for property.

Meanwhile, Badung in Bali, as one of the popular destinations in the eyes of foreign tourists, ranks second most popular. The growth trend in 2023 compared to 2022 will move significantly, reaching 92.1 percent. Apart from its position as the entry gateway for tourists via Ngurah Rai International Airport and the many developments in commercial and tourism areas, the trend of digital nomads and remote working has also boosted the popularity of this area.

Meanwhile, Tangerang is ranked as the third most favorite area because this area is surrounded by industrial areas and is the closest area for foreigners who work in the western area of Java Island, such as Cilegon, Cikande and Serang.

This is due to limited facilities and supporting areas in these three areas, they tend to choose Tangerang and its surroundings as a place to live, travel, enjoy entertainment and support other activities.


https://www.kompas.com/properti/read/2024/05/18/121134621/tiga-kota-ini-paling-diminati-wna-saat-berburu-properti-di-indonesia