Conclusion First: Golden Visa ≠ Direct Real Estate Boost

Many investors see "Golden Visa" and immediately think: real estate opportunities are here.

But in Indonesia, this logic is flawed.

The Golden Visa addresses "long-term residency," not "real estate investment channels."

The real question should be:

👉 Will the Golden Visa indirectly change the structure of real estate demand?

I. Core Rules of Indonesia's Golden Visa

Indonesia's Golden Visa is designed to attract high-quality investors, not real estate buyers.

Main thresholds:

• 5-year visa: approximately $350,000 investment
• 10-year visa: approximately $700,000 investment

Investment directions mainly include:

• Indonesian government bonds
• Stocks
• Deposits

Key point:

👉 Real estate is not a core investment target

This means:

The Golden Visa will not directly drive up housing prices like European Golden Visas do.

II. Why "Buying Property" and "Obtaining a Visa" Are Two Separate Systems

Indonesia's real estate market still has significant restrictions for foreign capital:

1) Land Ownership Restrictions

Foreigners typically cannot directly hold freehold land.

2) Main Holding Methods

• Right to Use (Hak Pakai)
• Condominium ownership (partially feasible)

3) Policy Risks

Real estate rules may change with policy adjustments.

Therefore:

Even with a Golden Visa, it does not mean you can freely buy property.

III. Jakarta: The Most Likely Beneficiary Is Not Housing Prices, but the High-End Rental Market

Jakarta's logic is completely different from Bali's.

Changes brought by the Golden Visa may include:

• Increase in high-net-worth individuals
• Increase in long-term business residency demand
• Increase in demand for international schools and supporting facilities

Beneficial assets:

• High-end apartments
• Serviced apartments
• Long-term rental market

But note:

👉 It's not an overall market rise, but a structural benefit for the high-end segment.