| WHAT IS - HAK GUNA BANGUNAN (HGB) |
| Posted: 1/28/2008 |
Hak Guna Bangunan (HGB) - Right To Build Hak Guna Bangunan (HGB) is a title of property, in this case land. The holder of this title have the right to use and to build and also possess any building on the property (subject to the zoning regulations in the area). This title has a time limitation up to 30 years, but it could be extendable and renewed. HGB may be owned by Indonesian individuals, Indonesian legal institution and foreign capital investment company that has been certified by the government. As in Hak Milik, to construct building on a HGB titled land, one must obtain certain license and permits. |
| WHAT IS - HAK MILIK |
| Posted: 1/17/2008 |
Hak Milik is a title which is the most complete form of land ownership in Indonesia. This title may only be held by individuals with Indonesian citizenship or by Indonesian legal institutions that authorized by the goverment, such as goverment banks and religious or social bodies. With Hak Milik title, the holder could use the land for any purpose (subject to area zoning), as the title is recorded on a registered certificate. The certificate can be sold, gifted, inherited, transferred to an eligible recipient and even mortgaged as "Hak Tanggungan". Hak Milik title is consider to have higher value than others, because it has no time limit. To construct on a Hak Milik titled land, the holder must respect the zoning rules of the area, as every regions have different zoning. The holder also must obtain a building permit, the building permit rule may vary depends on the regions in Indonesia. |