{"id":24274,"date":"2016-08-29T10:13:34","date_gmt":"2016-08-29T03:13:34","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/indonesia-to-develop-10-bali-like-destinations-to-attract-chinese-investors\/"},"modified":"2016-08-29T10:26:49","modified_gmt":"2016-08-29T03:26:49","slug":"indonesia-to-develop-10-bali-like-destinations-to-attract-chinese-investors","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indonesia-to-develop-10-bali-like-destinations-to-attract-chinese-investors\/","title":{"rendered":"Indonesia to develop 10 \u201cBali-like destinations\u201d to attract Chinese investors"},"content":{"rendered":"


\nIndonesia sets out to lure Chinese investors with new resorts and relaxed restrictions
\nBali is Indonesia\u2019s No. 1 tourism destination. Khoroshunova Olga\/Shutterstock
\nPlans have been unveiled in Indonesia to create 10 new major tourist destinations, with the hope of attracting increased tourism and investment from China, reports the Global Times.
\nAt an event in Shanghai on Friday, the Ministry of Tourism of Indonesia announced \u201c10 New Bali,\u201d which aims to transform areas such as Toba Lake in North Sumatra and Old Town in Jakarta to hold all the appeal of Bali, which is Indonesia\u2019s number one tourism destination.
\nThe areas have been selected for their natural beauty, but all currently lack maintenance and conservation.\u00a0
\nThe developments will require an initial USD20 billion investment, USD10 billion of which is expected to come from private companies.
\nChina is now one of the fastest sources of tourism for Indonesia, and the Southeast Asian country has set ambitious goals to maximize this further.
\nMore: Will Indonesia be SE Asia\u2019s new tax-haven paradise?
\nIn Indonesia, tourism ranks fourth in terms of its GDP contribution, after oil and gas, coal and palm oil. The government has set a target of 20 million foreign tourist arrivals and USD22 billion in foreign exchange earnings by 2019, which would make tourism number one GDP contributor.
\nSome of the priority destinations will see special economic zones, where investors will be able to enjoy non-fiscal incentives from the local government, including reduced land tax and relaxed approval for land acquisition.
\n\u201cIn particular, Indonesia has a lot of restrictions on foreign investment in the real estate sector, but many of the restrictions don\u2019t apply to tourism investment,\u201d James Hartono, president of the Indonesia Chamber of Commerce in China, said at Friday\u2019s event.
\nRecently Indonesia loosened its regulations on foreign ownership in a bid to attract overseas real estate investors. This effort has so far produced negligible results.
\nRead next: Why Indonesia\u2019s millennials are demanding more from real estate
\n
\nSource : property-report.com
\nRead more…Indonesia to develop 10 \u201cBali-like destinations\u201d to attract Chinese investors<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Indonesia sets out to lure Chinese investors with new resorts and relaxed restrictions Bali is...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-24274","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6jw","jetpack-related-posts":[{"id":110605,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bali-beckons-as-indonesia-makes-it-cheaper-for-overseas-investors-to-buy-expensive-houses-by-raising-luxury-tax-threshold\/","url_meta":{"origin":24274,"position":0},"title":"Bali beckons as Indonesia makes it cheaper for overseas investors to buy expensive houses by raising luxury tax threshold","date":"September 10, 2019","format":false,"excerpt":"\r Bali, Indonesia\u2019s top tourist destination, is poised to attract overseas buyers after the government recently raised the threshold on luxury tax, according to analysts.\r\rIn June, the administration of President Joko Widodo announced that the limit for luxury tax of 20 per cent for houses and flats would be increased\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88223,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/balis-luxury-real-estate-profits-from-tourism-and-investment-growth\/","url_meta":{"origin":24274,"position":1},"title":"Bali\u2019s luxury real estate profits from tourism and investment growth","date":"May 15, 2018","format":false,"excerpt":"\r For generations, Bali\u2019s sun-kissed tropical island paradise is the jewel in the crown of Indonesia\u2019s booming tourism industry and an important foreign exchange earner of the country. Tourism feeds the real estate industry in Bali. A report by Global Property Guide, released in February, estimates that 80 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12180,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lombok-doesnt-have-to-become-the-next-bali-heres-why\/","url_meta":{"origin":24274,"position":2},"title":"Lombok doesn\u2019t have to become the next Bali \u2013 here\u2019s why","date":"May 9, 2016","format":false,"excerpt":"\r Indonesia\u2019s next premier resort destination is ready to stand on its own Located in West Nusa Tenggara, Lombok is increasingly becoming more popular with international tourists, holiday-seekers and property investors. In March 2016, the country\u2019s Central Statistics Agency recorded that foreign tourist arrivals went up by nearly 23 percent,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29351,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/whats-driving-tourists-and-investors-away-from-bali-and-into-the-gili-islands\/","url_meta":{"origin":24274,"position":3},"title":"What\u2019s driving tourists and investors away from Bali and into the Gili Islands","date":"October 10, 2016","format":false,"excerpt":"\r Luxury villa projects springing up in Gili Meno Gili Meno, Indonesia. soft_light\/Shutterstock Growing urbanisation in Bali may have driven more and more beach frolickers from Bali toward the more laidback idylls of the nearby Gili Islands. The trio of islands named Gili Trawangan, Gili Meno and Gili Air hosted\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":782,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-the-new-year-has-in-store-for-indonesias-key-hotel-markets\/","url_meta":{"origin":24274,"position":4},"title":"What the new year has in store for Indonesia\u2019s key hotel markets","date":"January 5, 2016","format":false,"excerpt":"\r Bali and Lombok have reportedly struggled with occupancy rates\u00a0in the last 12 months Long considered as\u00a0one of Southeast Asia\u2019s\u00a0most treasured tourist destinations, Bali over the years has attracted local, regional and international visitors to its beautiful shores and well-developed infrastructure. Lombok has recently joined the party as an alternative\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/bali-and-lombok-hotel-market-1024x768.jpg?fit=1024%2C768&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":841,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-2016-holds-for-indonesias-key-hotel-markets\/","url_meta":{"origin":24274,"position":5},"title":"What 2016 holds for Indonesia\u2019s key hotel markets","date":"January 5, 2016","format":false,"excerpt":"\r Bali and Lombok have struggled with occupancy rates\u00a0in the last 12 months Long considered as\u00a0one of Southeast Asia\u2019s\u00a0most treasured tourist destinations, Bali over the years has attracted local, regional and international visitors to its beautiful shores and well-developed infrastructure. Lombok has recently joined the party as an alternative Indonesian\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/bali-and-lombok-hotel-market-1024x768-1.jpg?fit=1024%2C768&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/24274"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=24274"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/24274\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=24274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=24274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=24274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}