The Jakarta property market, especially the market for office and residential properties, has continued to slow down due to weak demand since 2015. In the first quarter of 2017 the rent for Grade A offices in the central business district … Continue reading →
Finance Minister Sri Mulyani approved the new rules regarding luxury goods tax. The Finance Minister Regulation No. 35/PMK 010/2017 regulates taxable goods that are considered a luxury other than motorized vehicles that are subject to luxury goods tax. As of … Continue reading →
Foreign property developers, led by state-owned China Communication Constructions Group (CCCG), made the biggest investment in Jakarta’s residential property in nearly a decade this year as they bet on relaxed mortgage rules boosting demand. CCCG’s $1 billion eight-tower complex is … Continue reading →
The Public Work and Public Housing (PUPR) Ministry is planning to hold an auction on several infrastructure projects for 2017 on October 2016. The Ministry will also announce the information system for project procurement general plan (SIRUP) for 2017 in … Continue reading →
The government has announced that it will cut out unnecessary processes and reduce 70 percent of the costs involved in building low-cost housing as part of its 13th economic stimulus package, in the hope of increasing the availability of affordable … Continue reading →