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NgiklandongThe Global.Properties website showcases an extensive selection of over 3 properties in Medan, Indonesia. Explore the listings to find details on the characteristics, pricing and layouts of units sourced from trusted developers and real estate agents. Contact sellers directly via phone or messages for more information about purchasing apartments and villas in Indonesia.
- The minimum cost of a housing unit is USD 140519
- The maximum cost of a housing unit is USD 6,922,267
- The minimum area is 126 m²
- The largest area is 2200 m²
To obtain a residence permit in Medan by investing in property, you need to adhere to specific steps and meet certain criteria. While foreign nationals can't own land in Indonesia, they can acquire land usage rights, such as through leasehold agreements. It's crucial to consult a legal expert to select the right option. To qualify, invest a minimum of USD 350,000 in Indonesian property, covering purchase or renovation costs. Remember to renew the residence permit annually.
Property in Medan
Properties in Medan, Indonesia are situated within a major economic and commercial hub in the region, boasting a diverse economy encompassing manufacturing, services and trading. The city's strategic location has historically made it a vital trading and shipping gateway, particularly for goods exported from Sumatra to various parts of the country and the world.
The city's demographic is a vibrant mosaic, showcasing a blend of ethnic groups, including the Batak, Malay, Javanese, Chinese, Indian and many others. This diversity is vividly reflected in the city's cultural life, cuisines and festivals, establishing Medan as a renowned hub for its rich cultural tapestry. Culinary tourism thrives, with Medan's vibrant food scene offering a wide array of traditional Indonesian and international dishes, highlighting its multicultural heritage.
The area serves as a gateway for tourists venturing to other tourist destinations in Sumatra, such as the beautiful Lake Toba, known as the largest volcanic lake in the world and the Bukit Lawang orangutan viewing area within the Gunung Leuser National Park. The city itself boasts several historical and cultural attractions, including the Maimun Palace, the Great Mosque of Medan and the Tjong A Fie Mansion, reflecting its historical significance and architectural diversity.
Education and healthcare sectors in the region rank among the finest in Sumatra, with several reputable universities and hospitals that cater to both the city and the surrounding region. The transportation network includes the Kuala Namu International Airport, which connects the city with other major cities in Indonesia and international destinations, enhancing its role as a key urban centre in western Indonesia.
Property for sale in Medan is available in various types, catering to different preferences and budgets. The offerings include houses of various sizes and designs, villas with different interiors, condos, apartments and commercial properties. These examples reflect the market's range from more affordable to mid-range pricing, providing choices for both smaller and larger families, as well as investment opportunities.
For those interested in purchasing villas or apartments in Indonesia, particularly in Medan, there are numerous options across different neighbourhoods, providing a broad spectrum of housing styles, sizes and pricing to accommodate a variety of needs and preferences.
Typical housing amenities in real estate for sale in Medan often include:
- Air conditioning;
- Secure parking;
- Community features like swimming pools, gardens and playgrounds;
- Security features (gated entrances, CCTV);
- Fitted kitchens;
- En-suite bathrooms;
- Built-in wardrobes;
- High-end properties may feature private pools, gyms and smart home technology.
Properties in Medan for investment present distinct attractions and high potential, alongside considerations like foreign ownership restrictions and maintenance demands. In Indonesia, while direct land ownership isn't an option for foreigners, they can lease land for initial periods of 25 or 30 years, extendable to a maximum of 80 years. Foreign investors need to take note of specific financial thresholds: the minimum purchase price for a landed property in North Sumatra is approximately IDR 3 billion (USD 189,000) and IDR 1 billion (USD 62,000) for an apartment.
Reasons for investing in property in Medan
Investment real estate in Medan offers several advantages:
- It's a rapidly growing economic hub in Indonesia, promising both short-term income through rentals and long-term capital appreciation. Depending on the type and size of a unit, monthly property prices in Medan can reach USD 32,000;
- The city's strategic location as a gateway to North Sumatra enhances its appeal to businesses and tourists, potentially boosting demand for residential and commercial properties;
- Medan's rich cultural diversity and culinary scene attract a steady flow of domestic and international visitors, further solidifying its potential as a lucrative investment destination.
The Indonesian residential real estate sector is on a growth trajectory, projected to rise from USD 72.11 billion in 2024 to USD 105.73 billion by 2029, reflecting a 7.95% annual growth rate. This surge is attributed to the country's appealing demographic trends, urbanisation, rising income levels and a substantial number of young first-time homebuyers. With government incentives and foreign investor interest, notably from China, the market is poised for significant expansion, fueled by policy reforms aimed at boosting the sector.
Buying real estate in Medan
The platform provides a comprehensive selection of property in Indonesia for both investment and residential purposes, catering to local and international buyers. It features up-to-date listings, a user-friendly search interface, the latest market insights and the current cost of property in Medan in multiple currencies. Moreover, it provides expert advice on property selection, relocation and Indonesia's visa policies, ensuring a smooth transition for overseas buyers.