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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.
Indonesia leads the Asia-Pacific region as the most efficient and transparent developing commercial real estate market.
Indonesian capital Jakarta has topped Knight Frank’s Prime Global Cities Index list of the world’s top thirty luxury markets for the second consecutive year.
Strong demand from expatriates in Europe, India, Japan, Saudi Arabia, South Korea and the US has propelled apartment rental rates up by nearly 15 percent in Jakarta compared with the same period last ...