Guides · Glossary
Glossary
Common terms in primary property sales, including those used in Indonesia.
| Term | Meaning |
|---|---|
| Primary property | New property sold directly by the developer, as opposed to resale (secondary) property. |
| Developer (pengembang) | The company that builds and sells the project. |
| Booking fee | A payment to reserve a chosen unit. |
| NUP | Nomor Urut Pemesanan: a priority queue number used at some project launches. |
| PPJB | Perjanjian Pengikatan Jual Beli: a binding sale and purchase agreement, commonly used before the property is completed. |
| AJB | Akta Jual Beli: the deed of sale, signed before a PPAT. |
| PPAT | Pejabat Pembuat Akta Tanah: an authorised land deed official. |
| KPR / KPA | Bank home financing for landed houses (KPR) or apartments (KPA). |
| Serah terima | Handover of the completed unit to the buyer. |
| Lead conversion | The share of enquiries that become buyers. |
| Referral | A new buyer introduced by an existing buyer. |
General definitions for orientation only. They are not legal advice.
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