{"id":42075,"date":"2017-01-27T16:17:46","date_gmt":"2017-01-27T09:17:46","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/indonesia-will-see-more-diverse-japanese-property-investments-this-year\/"},"modified":"2017-01-27T16:19:19","modified_gmt":"2017-01-27T09:19:19","slug":"indonesia-will-see-more-diverse-japanese-property-investments-this-year","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indonesia-will-see-more-diverse-japanese-property-investments-this-year\/","title":{"rendered":"Indonesia will see more diverse Japanese property investments this year"},"content":{"rendered":"


\nCountry not in the business of playing off China against US
\nJakarta, Indonesia. AsiaTravel\/Shutterstock
\nRather than take sides in chilling Sino-US relations, Indonesia would rather focus on Japan\u2019s outbound investments to the archipelago\u2019s real estate sector, officials at the Indonesian Investment Coordinating Board (BKPM) revealed this month.
\nThe Japanese are mulling investments into real estate across a broad scope\u00a0of market segments, according to Saribua Siahaan, BKPM\u2019s Japan investment promotion official. \u201cSome plan to carry out property development, particularly catering to expatriates, the middle class, and higher strata, while others are focusing on workers in industrial zones.\u201d
\nHe also let slip that the BKPM office in Jakarta is currently negotiating a joint venture between \u201ca big Japanese group\u201d and a local housing firm.
\nJapanese Prime Minister Shinzo Abe was in Jakarta earlier this month on a two-day state visit. Japan will reportedly be a partner in Indonesian President Joko Widodo\u2019s one-million houses development program.
\nMore: The ultimate guide to SE Asian real estate in 2016
\nBKPM chief Thomas Lembong recalled a meeting with representatives of Japan\u2019s chamber of commerce in his own visit to Japan last month. \u201cJapan has been an investor in Indonesia for decades now and has been the second- or the third-biggest investor in the country,\u201d he said.
\nJapan\u2019s decades-long investments in Indonesia will allow the Jakarta government to chart a trade policy independent of increasingly frayed relations between China and the new US administration led by President Donald Trump.
\n\u201cThe government does not want to concentrate on any single country, in terms of investment, and we are concerned about our national interests,\u201d said Coordinating Minister for Maritime Affairs Luhut Binsar Panjaitan.
\n\u201cWe do not want a situation to arise where in Indonesia has to take sides with the US or China. We are an independent country.\u201d
\nRead next: Where does your country stand in a Trump presidency?
\n
\nSource : property-report.com
\nRead more…Indonesia will see more diverse Japanese property investments this year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Country not in the business of playing off China against US Jakarta, Indonesia. AsiaTravel\/Shutterstock Rather...<\/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-42075","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-aWD","jetpack-related-posts":[{"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":42075,"position":0},"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":22588,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-are-expats-still-not-buying-indonesian-property\/","url_meta":{"origin":42075,"position":1},"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. 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