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Buy an Indonesian island! LIPPO CIKARANG - Besides counting islands, Indonesia has more on it's hands. Just recently it became known that the website www.privateislandsonline.com is selling several Indonesian islands. Some of you will directly say that foreigners can not own any land in Indonesia, which is correct, and is also stated on the website. There is no freehold, only leasehold. So in fact you are not buying an island, you are leasing it.

Asia is home to some of the largest archipelagos in the world, but islands available for purchase are decidedly limited. Indonesia is the world's largest archipelago with over 18,000 islands to its name. The Philippines consists of over 7,000 islands. Thailand also has a few islands located in the Andaman Sea. There are a scant few freehold properties available in Asia for foreigners, but leaseholds are available in places like Indonesia. The Philippines is becoming an attractive property investment area as the laws continue to evolve, but one needs to consult a good lawyer when getting involved in island real estate in the Philippines.


The Indonesian government however did not issue a simple statement that foreigners can not buy the islands because laws prohibited. If they had done that, the case would be closed by now, easy as that. They preferred however to make the situation fuzzy by stating that local or regional people were offering the islands on sale without permission of the Indonesian government and more of that blah blah.

Not the smartest move, or might they actually be looking for an investor to exploit the three islands in the Mentawai archipelago - off the coast of West Sumatra - to create a new tourist destination? While the islands of Siloinak is empty, the two others, Kandui and Macaroni are already inclusive of a resort. Prices range from 1.6 to 8 million dollar (1.1 to 5.7 million euro). If you can't find the Indonesia listings, click here.

Buying an island is not possible in Indonesia, leasing however... © privateislandsonline.com
Buying an island is not possible in Indonesia, leasing however... © privateislandsonline.com



Related blog entries (category 'Tourism') Related blog entries (category 'Tourism'):
27 August 2009 · Counting Indonesia's islands - all of them
15 August 2009 · Illegal villas are big business in Baliís Gianyar regency
29 July 2009 · Over 600 hotels at your fingertips
18 July 2009 · Bali named world's best island again

Related blog entries (category 'Tourism') Tags: island, sale, indonesia


Posted in Tourism @ 28 August 2009 04:17 CET by Jeroen · 'Blog' RSS feed · permalink






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