leasehold upfront

a 25-year registered leasehold — legally a hak sewa, the Indonesian lease right — on cyber valley land, paid in full at signing. instrument A of the strategy.

the resident's instrument: one payment, a notarized hak sewa from PT PMA with extension pre-agreed and priced on the century index — the renewal cost is fixed by the index at signing, never renegotiated at market — and the plot is yours to build. it is a lease right, not a title — where hak pakai (D) and hak milik (E) register ownership at the land office, A and B are contracts with the estate.

what the lease carries:

• registered 25y term + extension pre-agreed on the century index, notarial deed from PT PMA
• the right to sublet the land at any horizon — day to season — via the cyberia marketplace API for agents, against the area tax (10%, or 5% self-sufficient) plus a thin settlement fee, not a management cut — see hak sewa
• the zoning code as a covenant: footprint caps, species density, pollution policies
• build obligation on Wave 1 — anti-landbanking, reversion if nothing stands in 2–3 years

pay less than 100% at signing and the remainder becomes an indexed schedule — that is the annual leasehold; its pricer shows both ends of the same deal.