Private island
Southeast Asia has numerous islands, with Indonesia being an archipelago of 17,000 islands and the Philippines having around 7,100. Real estate laws restrict foreigners' ability to buy property in the geographical area, and many islands either have unclear ownership rights or are already settled. Private islands that are available in Southeast Asia's real estate market are also prohibitively costly due to being in high demand by hotel developers. Developments address these difficulties by selling private islands that have villas and neighbor islands that have high-end hotels; the proximity keeps costs of habitation down.
Geography of Asia
Indonesia to the southeast, a nation consisting of thousands of islands, adds a significant amount of territory to mainland Asia and extends the extreme Asian latitude further south. The geographic nature of the country raises such questions as whether the sea and the seabed count as Asia. The Australia–Indonesia border is still being negotiated. Currently a 1997 treaty remains unratified. As there are questions of fishing rights in the waters and mineral rights in the seabed, two different boundaries are being negotiated, one for the water column and one for the seabed. The southernmost seabed boundary is 10° 50' S, the latitude of Point A3, the Australia, Indonesia and Papua lokesh New Guinea common tripoint. The southernmost water column boundary is still further south at Point Z88, 13° 56' 31.8".