Allow Foreigners Buy Property in Indonesia
Jakarta, (Analysis). The Government plans to allow foreigners to buy property in Indonesia because it could increase state revenues. But will be limited to the price and number of properties.
Secretary of the Ministry of Housing (Sesmenpera) Iskandar Saleh said the restrictions on price and unit property owned by foreigners is still necessary to prevent fraud.
"The ownership of property by foreigners will have an impact on increasing revenues directly. But regulations related to restrictions on the selling price of property and location that set the government still needed," said Iskandar was quoted from the site Kemenpera, Monday (9/7).