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Tax amnesty seen unlocking gains in Indonesian property stocks

A building under construction in Jakarta. The amnesty, together with a relaxation of mortgage rules and falling lending rates, may feed a resurgence in property stocks.


ONE of the biggest winners from an Indonesian tax amnesty may turn out to be the shares of real-estate developers, as funds get channelled into investments in the nation's houses and apartments.

Bank Indonesia estimates about 560 trillion rupiah (S$56.8 billion) of