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property-sector

Business 6 years ago

Property developers need legal certainty more than IMB abolishment

The government is considering revoking dozens of permits deemed to hamper investment, including those related to the property sector

Opinion 7 years ago

PREMIUM
How to stimulate property sector through LTV relaxation

The policy is expected to stimulate the property sector, which has the potential to grow and have a significant multiplier effect on the national economy.

City 7 years ago

Taxable value of property hike to prompt shift in land use: Expert

The Jakarta administration’s decision to increase the taxable value of property (NJOP) in some areas of the city can lead to a shift in the use of land--from residential areas to business areas, according to an urban expert.

City 7 years ago

Jakarta hikes NJOP by 19.54 percent

The Jakarta administration has set a 19.54 percent increase in the taxable value of property (NJOP) as regulated under Gubernatorial Decree No. 24/2018 dated March 29, 2018.

Business 7 years ago

Property businesses take hit from increase in taxable value of property

The taxable value of property (NJOP) in Jakarta has increased by 19.54 percent from the previous year, affecting property businesses in the capital that already find themselves in a difficult situation.

Business 7 years ago

Bank Indonesia to relax loan-to-value ratio

Bank Indonesia (BI) will soon announce a relaxation on the loan-to-value (LTV) ratio in trying to boost sales in properties through a mortgage program.

Business 8 years ago

Damai Putra Group to boost marketing sales

Damai Putra Group, the developer of the Kota Harapan Indah housing area in Bekasi, West Java, aims to increase its marketing sales value by more than 56 percent this year to Rp 1.25 trillion (US$93 million).

Business 9 years ago

Astra International enters property business

Publicly listed conglomerate Astra International held a topping-off ceremony for two property projects -- Menara Astra and Anandamaya Residences -- on Monday in its first foray into the property business.