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Indonesia’s JSI Group eyes growth after Jakarta opens door to foreign ownership of property

Samuel Oh

Published Fri, Jan 12, 2024 · 07:38 PM
    • Savyavasa, a South Jakarta luxury residential property by JSI Group in collaboration with Swire Properties, has 402 units in total.
    • Savyavasa, a South Jakarta luxury residential property by JSI Group in collaboration with Swire Properties, has 402 units in total. PHOTO: JANTRA SWARNA DIPTA

    INDONESIA-LISTED property group Jakarta Setiabudi Internasional (JSI Group) has been actively looking for opportunities at home and abroad.

    This comes after the Indonesian government announced the relaxation of rules on foreign ownership of property last September.

    Before this move, which aims to boost foreign investment, foreigners could buy property in Indonesia only if they held a specific type of visa – the Limited Stay Permit Card or Permanent Stay Permit Card.

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    Property investmentResidential propertyluxury homesIndonesia

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