Foreign housing investment plays a crucial role in driving Indonesia’s ambitious housing initiatives. With President Prabowo Subianto’s goal to construct 3 million homes annually, foreign investors have stepped in as valuable partners. Their contributions not only address the housing shortage but also stimulate economic growth. Countries like China, Qatar, and the UAE have shown interest,…
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The Indonesia construction market faces a critical year in 2025, as it navigates through a period of global economic uncertainty as well as domestic challenges. Despite rising material costs and labor shortages, the market’s growth is still projected at 5.48%. according to Cahyono Siswanto, National Research Manager at BCI Central. Speaking at the BCI Breakfast…
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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…
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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…
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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…
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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…
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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 robust…
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When you think of Bali, lush green landscapes, serene rice fields, and pristine beaches might come to mind. But beyond the beautiful scenery, there’s a lot more to consider, especially regarding property investment and construction projects. From conservation areas to residential locations and bustling tourism zones, knowing where you can build is essential. In this…
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Recent headlines have sparked debate about the possibility of a development moratorium in Bali, either partial or full. Key figures like Coordinating Minister Luhut Pandjaitan, Minister of Tourism Sandiaga Uno, and Bali’s interim governor have all weighed in, as have hoteliers, estate agents, developers, and observers of Bali’s tourism industry. But is a moratorium the…
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A major shift is on the horizon for those planning to build their own properties in Indonesia. Beginning in January 2025, the tax rate for self-construction activities will be rising. This adjustment is designed to create a more equitable tax system. Let’s find out the details. Fairer Tax System In mid-September 2024, the Indonesian Ministry…
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