QUOTE(Michael J. @ Feb 20 2012, 08:16 AM)
As far as I know, any kind of investments in Indonesia these days require a local partner. For plantation, the partner needs to have at least a 30% share in the venture, and there is a minimum size for the plantation. It differs from place to place, but if I'm not mistaken, Kalimantan Tengah's requirement is minimum 10,000 acres for corporation, and 100acres for private. And yes, the land there is very cheap compared to Malaysia. Just make sure you get the right places, as some areas are of marginal value for agriculture.
My mother's close friend purchased 200 acres of land at Kalimantan for oil palm plantation purpose in 2007. After slightly more than one year, someone else came to claim that he owns the land. So this guy had someone verified the certificate with land office, only to find out that it is a forged copy. He lost close to RM1.5mil total. He still claimed he's pretty lucky, because he purchased only 200 acres to try to learn the palm oil trade.
Added on March 3, 2012, 7:32 pmAnyway, let me introduce myself.
I was introduced to this thread by Michael J.
I own 20 acres of land at Lenggeng, Negeri Sembilan. To make the whole story short, it was a durian plantation back then, abandoned for about 10 years, most of the trees are dead. Thinking if I should venture into palm oil. Should I plant palm on that piece of land? Or should I sell it, and purchase cheaper land elsewhere. The land at Lenggeng is worth 80-100k per acre.
Michael J. happened to suggest aquaculture. So I'm doing my best to investigate and/or do my research on this matter.
Let's put it this way. This land was previously owned by my mother, but she gave me the full rights to do whatever I want with the land now.
A little bit of background about myself. I'm 29 years old. US Graduate with B.Engr Computer Engineering, worked for IBM at Rochester MN for 5 years, and received my part-time MBA from University of Minnesota. Came back to Malaysia in November 2010. Since then, I've started 2 of my own businesses, one which is a franchise restaurant outlet, and another recycling (pyrolisis) plant.
Now what I'm trying to do with the land. I'm thinking of "PASSIVE" income, where I don't have to get myself involved, as much as any traditional hands-on businesses. I just simply don't have the time to oversee the day-to-day operations for long term basis. I don't mind spending 3-6 months making sure my business goes on smoothly, but I can't be spending years on it day-to-day as I hope to venture into some other businesses.
So, I'm trying to figure what I should be doing with the land? Please recommend.
Thanks!
Sincerely,
Wilson
This post has been edited by ytkwong: Mar 3 2012, 07:32 PM