Singapore — A letter to TISG, which we published on Monday , was resonant with many netizens, hundreds of whom have left comments on The Independent Singapore’s Facebook page.‘Repossession of Apartments owned by Singaporeans in Batam,’It was written to us by a reader named Ian, and is about the condition at the Indah Puri resort in Batam.
To make matters worse, “these apartments are now being repossessed illegally by a mafia-type company from Medan who has cut electricity and water and removed the roofs of apartment blocks whilst people are still in residence,” wrote Ian.He underlined that “Singaporeans are the target market for thousands of newly built apartments in Batam currently sitting empty,” which is why he wanted attention to be brought to the matter.
“If the situation at Indah Puri is allowed to proceed, then the same fate potentially awaits unsuspecting buyers of holiday apartments in Batam,” warned Ian.Expat Living in BatamCommenters on the letter did not seem very surprised, and they also did not have a very positive outlook concerning buying property in Indonesia, unfortunately.- Advertisement 2-Another opined that investing in Indonesia, as well as Malaysia, is not worth it, to which many others disagreed.
Others agreed that buying property in Indonesia, and particularly in Batam, is not the wisest of choices.To mg dear fellow Singaporeans, stay out of Indonesia unless you have honest, reliable and influential backupsOthers agreed that investing in any property overseas is simply too risky.