Indonesia Real Estate Market

The Omnibus Law for Housing Sector seeks to simplify Indonesia's housing regulations and address the country’s pressing need for affordable homes. By streamlining bureaucratic processes, the law will reduce barriers for developers and speed up housing projects. As part of the government’s 3 million homes program, the law aims to significantly boost the housing supply. Moving forward, its...

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...

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...

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...

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 of Finance announced a significant change impacting...

The change of administration in a country always brings new hopes for something better. No exception for the winners of the 2024 Indonesia presidential election, Prabowo Subianto and Gibran Rakabuming. Prabowo, who will be inaugurated as the new President of Indonesia on October 20, plans to establish a Ministry of Housing. What are his plans?   Tackling Housing Backlog  During...