# property

Ombudsman Confirms Tapera Funds Are Secure and Low-Risk

Tapera funds will be invested in low-risk bond instruments, ensuring no risk of the funds decreasing or disappearing.
Business Jun 10, 2024 | 2:33 pm

East Kalimantan Transfers Land for New Capital Housing Projects

Penajam paser Utara Regency has transferred Sepaku land to OIKN for building housing for those affected by the new capital's development.
News Jun 10, 2024 | 2:00 pm

Mandatory Housing Saving Tapera to Spark Huge Job Losses: Think-Tank

The Tapera mandatory housing savings policy will cause a decline worth Rp 1.21 trillion in Indonesia’s GDP, according to think-tank Celios.
Business Jun 4, 2024 | 11:19 am

Gov't VAT Incentives Drive Housing Demand by 27 Percent: Pinhome

In 20203, the government introduced incentives in the form of a full VAT exemption for the purchase of the first home worth Rp 2 billion.
Business Mar 18, 2024 | 9:55 am

SouthCity Partners with Summarecon for Rp 1 Trillion Mall Project

Spanning 6.4 hectares, the mall will strategically position itself in the center of the SouthCity superblock in South Jakarta.
Business Jan 31, 2024 | 1:24 pm

How Indonesia's Ambitious Nusantara Project Play Out in 2023

Infrastructure-wise, the Nusantara project witnessed some progress as the construction of hotels and hospitals.
News Jan 2, 2024 | 4:16 pm

VAT-Free Home Purchase Program to Come Into Effect This Month

The property sector contributes significantly to the economy, accounting for up to 16 percent of the gross domestic product.
Business Nov 3, 2023 | 6:39 pm

Gov't Mulls Increasing VAT Incentive Cap on Home Purchases to Rp 5 Billion

Indonesia is planning to expand the property tax incentive, raising the threshold from Rp 2 billion ($126,000) to Rp 5 billion.
Business Nov 1, 2023 | 11:54 am

Generous House Purchase Incentive Won’t Harm State Revenue, Official Says

This incentive is necessary to counteract the slowdown in the real estate sector, as consumers tend to postpone their purchases.
Business Oct 27, 2023 | 10:06 pm

Indonesia's Real Estate Opportunities Shine at Asia Pacific Property Conference in Shanghai

New capital, the foreign ownership rule, the golden visa, and infrastructure projects unleash the vast potential of Indonesia's property.
Business Oct 24, 2023 | 11:56 pm

Jokowi Introduces New Property Tax Incentives to Boost Indonesian Economy

The government has decided to waive the value-added tax (VAT) on home purchases priced up to Rp 2 billion ($126,000) until June 2024.
Business Oct 24, 2023 | 5:54 pm

Indonesia Needs $200b Investment for Green Buildings: Minister

Green buildings focus on minimizing negative impacts on the environment.
Business Aug 22, 2023 | 6:25 pm

New REI Chairman Aims to Establish Property Research Agency

Joko, 54, hails from a village in Grobogan Regency, where he notably funded the resurfacing of public roads from his own funds.
Business Aug 11, 2023 | 8:49 am

Foreign Property Ownership in Indonesia: A New Horizon

In Jakarta Grater Area alone, there's a potential income of Rp 20 trillion [$1.3 billion] for property industry selling to the foreigners.
Business Aug 9, 2023 | 4:34 pm

New Capital Nusantara is World's Largest Project: Jokowi

According to Jokowi, Nusantara has 34,000 hectares of land available for purchase.
News Aug 9, 2023 | 3:35 pm

Foreigners Only Need Passport to Buy House in Indonesia: Gov’t

Indonesia has rolled out a series of regulations aimed to make it easier for foreigners to purchase houses in the archipelagic country.
Lifestyle Aug 3, 2023 | 6:29 pm

Budiarsa Appointed President of Int’l Real Estate Federation

His appointment as the organization’s 58th world president came during the 73rd FIABCI Real Estate World Congress from June 5-9.
Business Jun 10, 2023 | 6:54 pm

81 Million Indonesian Millennials Do Not Own House: Gov’t

The government is working on more affordable housing for millennials, while also adopting a transit-oriented development (TOD) approach.
Lifestyle Apr 13, 2023 | 2:19 pm