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The Indonesian government should relax property curbs on foreign buyers to catalyse growth in the real estate industry.
Indonesia has announced plans to raise the tax threshold for luxury property, in a move that could spur investment and encourage construction of more high-end residences.
Indonesian Finance Minister Bambang Brodjonegoro is considering proposals allowing foreigners to own luxury property in Indonesia.
Indonesian nationals continue to give tremendous support for the resort residential market in Bali, as the popular island destination increasingly transforms itself into a multi-stop tourism hub.
One of Thailand’s leading hospitality operators Centara last week opened its first five-star villa resort on the southern tip of Nusa Dua ocean property in Bali, Indonesia.
Indonesia leads the Asia-Pacific region as the most efficient and transparent developing commercial real estate market.