Foreign investors would be able to purchase apartments worth at least 2.5 billion rupiah (RM699,056) in the capital, other main cities and Bali island.
Jokowi to ease foreign-ownership ban on apartments
Indonesian presidential hopeful Joko Widodo plans to allow foreign investment in apartments to boost tax revenue, a move that could spur demand for property in the country’s luxury market. Foreign investors would be able to purchase apartments worth at least …
