November 2024

The Asia-Pacific property market is forecasted to experience a significant rebound in 2025.According to the 2025 Global Investor Outlook report released by Colliers, investor confidence in the commercial real estate market is on the rise. Following two years of stalled transactions, the market is projected to recover as inflation subsides, interest rates decline, and global economic conditions...

Bali property market is expected to continue flourishing in both residential and commercial sectors. This optimistic outlook is supported by the ever-growing tourism industry and rising foreign investments, which are driving up property prices on the island. Johannes Weissenbaeck, Founder & CEO of OXO Group, highlighted Bali's status as a prominent property investment destination—not only...

Property agents across Indonesia are calling on the government to implement a nationwide property agent certification program. This certification is seen as essential for recognizing property agents as professionals in marketing both primary and secondary properties. Additionally, it aims to enhance the agents' performance and professionalism. Bharat Buxani, Senior Vice President of Marketing at...

The Indonesian government has announced a waiver of the Building Construction Permit (PBG) for low-income housing. This waived building permit fee policy will be implemented nationwide, easing financial burdens on qualifying homeowners once the official government circular is issued. What Does the Building Approval Levy Waiver Mean? Indonesia's Minister of Home Affairs, Tito Karnavian, confirmed...

Indonesia's economic growth in the third quarter of 2024 slowed to just 4.95 percent, falling below the 5 percent mark. This slowdown is primarily attributed to a decline in consumer spending, a key driver of economic growth.  However, there is a silver lining as the government has introduced measures to stimulate consumption. One such measure is the extension of tax breaks for home purchases...

Commercial real estate investment in the Asia-Pacific region saw a 28% year-over-year (YoY) increase in Q3 2024, reaching USD 38.8 billion (equivalent to approximately IDR 609.83 trillion at an exchange rate of IDR 15,717). This represents the highest quarterly investment volume since the 2022 rate-hike cycle and marks four consecutive quarters of growth in the region. According to global property...

Indonesia's property sector continues to flourish, particularly in the Greater Jakarta areas of Bekasi and Jababeka. As transportation facilities connecting the Jabodetabek region improve, both residential and commercial property developments are surging in demand.   Developers are capitalizing on this growth to meet the needs of both direct consumers and investors, with expectations for...

Bali's reputation as a top tourist spot has led to a huge focus on investments in tourism, especially in hotels and villas. But recently, a moratorium on building new hotels and villas is shaking things up and opening doors for more sustainable and diverse growth on the island.  Sure, there are worries about the economic impact, but this break in tourism development comes with big benefits for...