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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.
Indonesia’s property industry should grow about 20 to 30 per cent this year according to to Hiramsyah Thaib, president director of large developer Bakrieland Development.
Indonesia´s state minister for Public Housing Suharso Monoarfa said he would propose revision of regulation on foreigner ownership of property in the country. Suharso said he wants to give foreign...