{"id":38877,"date":"2016-12-22T18:14:09","date_gmt":"2016-12-22T11:14:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-it-right-to-raise-minimum-prices-for-foreign-property-buyers-in-indonesia\/"},"modified":"2016-12-22T18:20:13","modified_gmt":"2016-12-22T11:20:13","slug":"is-it-right-to-raise-minimum-prices-for-foreign-property-buyers-in-indonesia","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-it-right-to-raise-minimum-prices-for-foreign-property-buyers-in-indonesia\/","title":{"rendered":"Is it right to raise minimum prices for foreign property buyers in Indonesia?"},"content":{"rendered":"


\nReal estate experts weigh in
\nRush hour in Jakarta along Jalan Sudirman. AsiaTravel\/Shutterstock
\nSeveral real estate personages have welcomed the revised schedule of minimum property purchases for foreigners in Indonesia, The Jakarta Post reported.
\n\u201cIf the government keeps the price low for foreign buyers, Indonesians will be forced to bear the high price jump,\u201d Eddy Ganefo, Association of Housing Development in Indonesia (Apersi) chairman, said on Tuesday. \u201cTherefore, I think this is a right decision.\u201d
\nEddy Hussy, chairman of the Indonesian Real Estate Association (REI), was also optimistic about the measures, saying that they would ultimately not deter foreign interest in Indonesian real estate, The Post also reported.
\nMore: Which Indonesian properties are the best in South East Asia?
\nThe Agrarian and Spatial Planning Ministry announced the new prices earlier this month. In Bali, a renowned holiday destination for foreigners, foreigners are now only allowed to buy units with a minimimum price of IDR5 billion (US$371,112), up from IDR3 billion (IDR223,000).
\nThe minimum threshold for purchases by foreigners in West Nusa Tenggara and North Sumatra now stands at IDR3 billion, up from IDR2 billion (USD148,000).
\nRead next: How this model quit the industry and became a real estate mogul
\n
\nSource : property-report.com
\nRead more…Is it right to raise minimum prices for foreign property buyers in Indonesia?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Real estate experts weigh in Rush hour in Jakarta along Jalan Sudirman. AsiaTravel\/Shutterstock Several real...<\/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-38877","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-a73","jetpack-related-posts":[{"id":22588,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-are-expats-still-not-buying-indonesian-property\/","url_meta":{"origin":38877,"position":0},"title":"Why are expats still not buying Indonesian property?","date":"August 11, 2016","format":false,"excerpt":"\r Few takers for Indonesian real estate despite loosened regulations on foreign ownership The Jakarta skyline. Image credit: Muhammad Rasyid Prabowo The Indonesian government\u2019s intense courting of foreign property buyers seems relatively fruitless. Despite President Joko Widodo\u2019s announcement last year that Indonesia would allow expatriates to buy a landed house\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2060,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indonesian-property-sales-in-2016-seen-to-accelerate-by-up-to-12\/","url_meta":{"origin":38877,"position":1},"title":"Indonesian property sales in 2016 seen to accelerate by up to 12%","date":"January 20, 2016","format":false,"excerpt":"\r Projections are up by 10-12 percent Indonesia\u2019s improving economic growth, infrastructure upgrades and the implementation of new government policies will be boon to the country\u2019s real estate sector, according to property industry group Realestate Indonesia, Reuters reports. Following the recent announcement that Indonesian President Joko Widodo has extended the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/Jakarta_iciar.lipi_.go_.id_.png?fit=740%2C497&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1829,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indonesia-now-more-open-to-foreigners-owning-homes-but-theres-a-catch\/","url_meta":{"origin":38877,"position":2},"title":"Indonesia now more open to foreigners owning homes, but there\u2019s a catch","date":"January 18, 2016","format":false,"excerpt":"\r President Widodo has signed a new regulation revoking a 1996 policy Foreign investors living in Indonesia are now legally allowed to purchase \u201cright-to-use\u201d property titles for 30 years, with a possible extension of up to an additional 50 years, following President Joko Widodo\u2019s signing last week of a revised\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/Kampung_indonesiaurbanstudies.blogspot.com_.jpg?fit=740%2C493&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5524,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-bank-indonesia-cut-interest-rates-for-the-real-estate-sector-again\/","url_meta":{"origin":38877,"position":3},"title":"Why Bank Indonesia cut interest rates for the real estate sector again","date":"February 23, 2016","format":false,"excerpt":"\r Bank rate cuts aim to boost property growth this year Residential area in Indonesia (Photo by Rony Zakaria\/Bloomberg News) Indonesia\u2019s residential market ended 2015 on a dull note, according to a new survey conducted by the country\u2019s central bank, Bank Indonesia, triggering the reduction of benchmark rates for a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28767,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-market-unaffected-by-indonesian-tax-amnesty-2\/","url_meta":{"origin":38877,"position":4},"title":"Singapore home market unaffected by Indonesian tax amnesty","date":"October 6, 2016","format":false,"excerpt":"\r Lower than expected liquidation since the introduction of the tax amnesty program The implementation of the Tax Amnesty Scheme (TAS) in Indonesia has not had any material impact on Singapore\u2019s residential segment, said Credit Suisse in a report. Credit Suisse noted that Indonesians have historically been amongst the largest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11080,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indonesia-property-awards-2016-new-date-set-head-judge-named\/","url_meta":{"origin":38877,"position":5},"title":"Indonesia Property Awards 2016 new date set, head judge named","date":"April 21, 2016","format":false,"excerpt":"\r The most exclusive real estate awards programme in Indonesia takes place on 13 October at the Fairmont Jakarta Hendra Hartono of Pt Leads Property Services Indonesia, is the Indonesia Property Awards 2016 chairman of the judges Coming back for a successful second year, the Indonesia Property Awards 2016 promises\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/38877"}],"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=38877"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/38877\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=38877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=38877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=38877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}