PPJB / SPA — Bali villa glossary

In one sentence. The binding agreement between buyer and developer on the future handover: price, stage-based payment schedule, specification, completion date, penalty and what happens if unfinished.

PPJB (Perjanjian Pengikatan Jual Beli) is the Indonesian form of a binding preliminary agreement; English-language deals call it an SPA (Sale and Purchase Agreement). For a villa under construction it is the main document, because the property does not exist yet and only the text protects you.

What it must contain: the villa specification as an annex (materials, areas, fit-out), a payment schedule tied to stages accepted by act, a completion date with a specific penalty for delay (a number, not "best efforts"), the procedure if unfinished (refund, land pledge, termination), who obtains the PBG/SLF and who pays if they fail, warranty periods.

In DOMA's 2026 model the PPJB role is split across three documents: the land lease in the investor's name, the construction contract (30/30/30/10 against acts, 10-month build, 5/2/1-year warranties) and the coordinator agreement. A deposit holds the unit and price for a 7-day contract review.

Updated: 2026-09-20. Not a public offer. Regulations change — we cite enacted acts only and update the entry when they do.

PPJB / SPA (off-plan purchase agreement)

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