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#53071 - 05 Jun 07 11:33 GOI/Foreign Investors Eye Low-Cost Apartments
biznews Moderator Offline
Pujangga Besar

Registered: 24 Apr 08
Posts: 7508
Loc: Jakarta
From Government of Indonesia

Foreign Investors Eye Low-Cost Apartments

Several foreign investors have shown interest in investing in low-cost apartments for rent, to be built in various regions in Indonesia, Housing Minister Yusuf Asyari said, according to Antara.

"Several foreign investors have already come to Indonesia, including from Malaysia and the Middle East, while others are still in the process," he said at the completion of the "Elnusa" integrated village restoration program.

He hoped the investors would cooperate with local companies who know much better about the regulations governing such project.

He said several apartment buildings have already been built in some cities for students to rent, such as those in Medan, Batam, Padang and in cities in Java.

He said the land for the construction of apartments for rent may belong to local administrations or state-owned companies.
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#53133 - 06 Jun 07 07:10 Re: GOI/Foreign Investors Eye Low-Cost Apartments [Re: KuKuKaChu]
doremi Offline
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Registered: 17 Jan 07
Posts: 488
Loc: slouch couch
Normally on this situation, what kind of corporate structure require to complete this project?

With land belonging to the locals; do the foreign companies own the building for a limited time? forever?

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#53135 - 06 Jun 07 07:22 Re: GOI/Foreign Investors Eye Low-Cost Apartments [Re: doremi]
KuKuKaChu Moderator Offline
Pooh Bah

Registered: 09 Oct 05
Posts: 10790
Loc: Centre of the Universe
Quoting: doremi
Normally on this situation, what kind of corporate structure require to complete this project?

a 100% foreign-owned PMA company would be possible for such a project. However, the construction company would either need to be 100% indonesian, or a PMA construction company could be formed in 'partnership' with an already established 100% indonesian construction company.


Quote:
With land belonging to the locals; do the foreign companies own the building for a limited time? forever?

foreign PMA would own the land under a HGB title.
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