Green Park Residence

The project's identity is relatively clear. Indonesia's SiKumbang housing registry assigns Green Park Residence its own location reference, KRA0410022023T001. A February 2024 detikProperti article independently describes a development with the same name, locality, developer and house dimensions. Those matching details matter because similarly named estates exist elsewhere in Indonesia. They do not establish current stock, however. A database record can continue to exist after individual houses have been reserved or sold, and a reported sale does not establish whether the buyer has received possession or completed title registration. Every transaction ultimately concerns an identifiable house and its documents, not the estate name alone.

The subsidised designation is central to who may qualify. Indonesia's FLPP housing-finance programme is directed at eligible Indonesian citizens seeking housing, generally including first-home and income conditions. BP Tapera's published guidance puts Bali in the zone with stated monthly income ceilings of IDR 9 million for an unmarried applicant and IDR 11 million for a married applicant, alongside additional eligibility tests. These are programme rules rather than a personal financing decision. Listing a house as subsidised does not automatically mean a lender is offering FLPP funding for it now, or that a particular buyer will pass income, credit, documentation and property checks.

Affordable owner-occupied housing is not interchangeable with an unrestricted investment asset. Subsidised finance brings rules around the intended use of the home, and those can affect renting, leaving it vacant and transferring it later. In 2026, BP Tapera publicly described checks intended to prevent misuse of FLPP-funded homes through improper rentals and resales. Whether a specific Green Park Residence property remains subject to a particular limitation depends on the original financing, the transaction history and the documents of that house. It would be misleading either to advertise free rental use or to announce a blanket resale prohibition without seeing the actual terms.

An overseas buyer faces a separate legal barrier before any discussion of rental yield. FLPP is not a mortgage subsidy for foreign nationals. Indonesian land law also distinguishes land ownership from the forms of residential rights potentially available to qualifying foreigners. Hak Milik, the ownership title to land, is not something a foreign individual can simply take in their own name; Hak Pakai, a right of use, may be relevant under specific conditions. As at the research date, the ministerial decision governing qualifying foreign purchases sets a minimum price of IDR 5 billion for landed houses in Bali. The IDR 181 million figure in this estate's registry listing should therefore not be read as a foreign buyer's purchase opportunity. A different structure or informal nominee arrangement is not a substitute for lawful title.

The published house type is Flamboyan, a two-bedroom, one-bathroom home with a stated building area of 30 square metres on a 60-square-metre plot. Those are distinct measurements: the larger figure is land area, not enclosed living space. The listing does not provide a reliable room-by-room schedule of dimensions in accessible text. A buyer should therefore resist imagining two spacious bedrooms just because two are shown on the specification. Thirty square metres must accommodate the various daily functions of a home, and questions such as where meals are prepared, how furniture fits, whether there is sufficient storage and how the rooms are ventilated will matter more than the name printed on the plan.

The technical summary is useful but limited. It specifies light-gauge steel roof framing, batako block walls, a screed or basic concrete floor treatment, and a stone foundation. It does not establish the final roof covering, insulation, tile finish, electrical capacity, drainage design, kitchen installation or plumbing fixtures in an individual house. Neither does a materials list prove workmanship. The practical comparison is between what the registry describes, what the seller promises in writing and what can actually be inspected. A low entry price is less meaningful if a household must fund substantial finishing work before moving in.

Location is established at the neighbourhood level, not the doorstep. The registry places the project in Subagan, Karangasem district and Karangasem regency, and the local government confirms Subagan as an administrative village in that part of eastern Bali. SiKumbang also provides a Flamboyan Street sales-office address, but labels it as the marketing office. There is no sound basis to turn that address into an exact house location or to publish coordinates taken from the centre of Subagan. Until the estate entrance and selected plot are located, proximity to schools, workplaces, shops and medical services cannot be assessed responsibly. For a home intended for everyday occupation, such practical access may be decisive.

There is a particularly important distinction between the registry's project counters and saleable inventory. The main SiKumbang page displays 17 units under subsidised housing and 30 under subsidised units sold. Both commercial categories show zero. Yet the separate digital site-plan view displays zero across its lot and status counts. That mismatch is a reason not to treat either display as a real-time sales board. It is not evidence that the estate contains no houses, nor does it prove that 17 houses can be purchased immediately. Individual reservations, bank processing, cancellations, existing ownership and the timing of database updates are not resolved by the public figures.

Price information needs the same care. The government registry displayed IDR 181 million for the Flamboyan type when checked on 21 October 2026. A detikProperti article published on 9 February 2024 referred to IDR 185 million for a house with the same land and building areas. There is no reliable basis to smooth those figures into an average or describe their difference as a discount. The listings were created in different contexts and neither is a signed offer for a named available home today. The buyer's actual cost will depend on the individual purchase arrangement, the applicability of any subsidy, transfer and tax treatment, financing and whatever finishing works the contract leaves to the buyer.

The registry names Krisna Genta Winangun as the developer-side organisation and associates it with Real Estate Indonesia. The company name also appears with the PT corporate designation in a BTN property-developer directory and in reporting on a Bali property exhibition in 2024. That is useful corroboration that the developer name is not simply an anonymous agency label. It is not the same as a company-registry extract or evidence that this legal entity owns a particular plot, has authority to sell it, or will be the counterparty receiving the buyer's money. Those relationships need to be apparent in the current transaction paperwork.

The exact land right held at Green Park Residence has not been evidenced in the available project material. No title certificate for a named plot, plot-level ownership record, signed sale contract or chain of transfers was publicly confirmed during this review. These omissions matter even for an Indonesian purchaser. A house financed through a subsidy scheme and a house offered for resale by an existing owner may involve quite different routes to completion, bank consents and permissible transfers. Before choosing between them, a buyer needs to know who is selling, what right is being transferred and whether any restrictions or existing security interests remain attached to the property.

There is also no verified project-specific completion date or construction status suitable for publishing as a fact. Unit specifications and a 'sold' counter are not completion certificates. Indonesia's building framework distinguishes PBG, the approval for building works, from SLF, certification of a building's fitness for use. The public materials reviewed here did not provide either document tied to this development; that means they were not verified, not that they necessarily do not exist. Water supply, power connections, access roads, drainage and any shared service arrangements likewise remain matters for a house-level inspection and seller disclosure rather than assumptions borrowed from other residential compounds.

What remains is a credible starting record, not a transaction-ready property offering. Green Park Residence can be meaningfully discussed as a local, compact-house scheme with a subsidised housing classification and a named developer-side organisation. An eligible Indonesian buyer might find the format relevant, provided a specific home, lawful ownership route, final cost, bank availability and occupancy conditions can be established. A buyer seeking a holiday villa, a turnkey rental business or straightforward foreign ownership should look elsewhere rather than force an inappropriate investment narrative onto a first-home product. The most useful next conversation concerns a particular house and the documents behind it.