Indonesia Commercial Property: Shophouses, Offices and Retail Units

The Jakarta districts of Jakarta Selatan, Jakarta Barat, Jakarta Timur and Jakarta Utara have the greatest depth. Tangerang hosts commercial space in planned townships, Surabaya is the main eastern business city, and Bali's Badung and Denpasar have retail and hospitality premises.

1. Title and remaining HGB term: building rights expire and must be extended.
2. Permitted use and permits: business licences and building permits.
3. Tenants and leases: read the rent, term and any pre-agreed extension.
4. Flood and access risks.
5. Tax: VAT and transfer duties differ for commercial deals.

Compare houses or land if you plan to build.

Visit the property at different times of day, speak with neighbouring tenants and ask the local office about planned roadworks or zoning changes. Engage a notary independent of the seller, ask for the original certificate and request a check at the land office for encumbrances. For hospitality or retail uses, find out which licences must be in place and who is responsible for obtaining them. Allow time: transfers of company-held rights usually take longer than a simple home sale.

Local business loans need an Indonesian entity. See financing in Indonesia.