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Jakarta Post
The Jakarta Post
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Analysis: Indonesia: Unlocking property

  • Josh Franken

    Oxford Business Group

| Mon, May 30 2011 | 08:00 am

PREMIUM A long-awaited change in property ownership rules for foreigners in 2011 could further heat the country’s real estate market amid bullish investor sentiment in the sector. But the government has sent mixed messages over proposals that could potentially incite nationalist sentiment.

In March, the chairman of the Indonesian Investment Coordination Board (BKPM), Gita Wirjawan, said that he w...