Potential update to foreign property rules could 'open up much larger market' : Seven Stones Indonesia
CEO of Bali-based real estate agency Seven Stones Indonesia, Terje Nilsen, believes the government could allow foreigners to mortgage in Indonesia as a way to recover from the effects of COVID-19.
We've written plenty about rules and regulations in Indonesia and how we believed things would change, especially regarding the rules around investments. Well, now it seems to be happening!
Indonesia looks to attract more foreign investors by cutting red tape
President Jokowi recently announced Indonesia will remove licensing procedure formalities that have been hampering foreign investment and slowing down the country's growth.
The Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) signed in March looks set to be ratified before the end of the year and it could be the foreign investment boost the new administration is looking for.
Will a new government encourage property investment?
Indonesia's recent elections have impacted investment, especially in the country's real estate markets, but as Jokowi officially begins his second term the future looks bright for the property industry.
It’s been a subject of discussion for years but now the Bali Administration looks as if it's taking positive steps towards upgrading and unlocking the potential of wellness and medical tourism in Bali.
Bali looks for holistic approaches to economic growth
Bali's economy continues to grow as investment continues, but care needs to be taken to ensure economic development is sustainable and pressing social issues, such as poverty alleviation, are effectively addressed.
Can Indonesia become Southeast Asia's digital hub?
The impact of embracing technology could have profound effects on Indonesia's economy and the traditional way people do business. The big question for the real estate industry is not when things will change, but by how much.