Real Estate

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...

With a new era of government leadership, Indonesia’s property market is set for a fresh wave of growth and optimism. Despite ongoing global uncertainties and lingering effects of the pandemic, Indonesia’s property sector continues to be robust and a hotspot for foreign investors. Property Sector’s Contribution to Indonesia Economy Industry experts are confident that the property sector...

Foreigners looking to invest in Bali’s real estate market quickly realize that purchasing property here is unlike any other part of Indonesia. Learn how expert agencies can help you find the perfect investment while avoiding legal and seasonal challenges.  Why Bali’s Real Estate Market is Different   Thinking of buying property in Bali? First thing first, what you need to keep in...

Owning a villa or guest house in Bali can be a lucrative investment, but it comes with its share of responsibilities, especially when it comes to property maintenance. Understanding the costs associated with maintaining your property and implementing effective strategies to manage these expenses can help you maximize your revenue. Let's dig into the various maintenance costs you may encounter...

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 guide, we'll help you...

The post-COVID-19 surge in international tourism to Bali has brought some unintended consequences. Bali, often known as the Island of the Gods, has evolved beyond a tourist destination to become a significant investment hub for foreign entrepreneurs. High occupancy rates in accommodations like hotels and villas have driven up demand in Bali’s property and real estate markets. While Bali’s...