Quote:
Originally Posted by davidlah
Just some food for thought with recent discussions abt buying properties in Indonesia.
4. Law always changes, and implementation of laws are not strictly followed at local level.
5. Renting out in batam is not attractive given rupiah interest rate and devaluation tendency. As such, it is then better to rent from batam owner than to buy. Given the proximity of Batam to Singapore, buying and renting out Singapore properties be it hdb or private apartments and then using the proceed to rent and live in batam is a better option. If you have extra cash to buy and fully paid an additional batam property, you are better off buying a small studio or even a 3 room hdb flat on the outskirt of singapore with additional loan, and then using rental proceed (whole unit or rooms) to cover that loan and use the remainder to rent in batam.
Some food for thoughts to avoid all the hassle of ownership of anything in Indonesia. Cheers and enjoy. Go to enjoy and avoid all the hassle and headache. Being an owner and a landlord in Batam is not very easy, albeit possible.
Have a cold beer. Cheers.
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Great points...but owning a property is really depends...I will only invest in big cities whereby many ppl crowded into the cities and property is cheap...so when property price goes up the gain will outweigh the currency depreciation....
even if property price crashes we still own the property...
buy for living will be simpler...just ensure due diligence...