The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source

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.

    Property investmentResidential propertyluxury homesIndonesia

    TRENDING NOW

    When BT visited the Japan Home outlet at Eastpoint Mall in Simei on Tuesday, it was conducting stocktaking.

    Japan Home closing outlets; staff say Valu$ taking over operations

    BYD’s rise to become the No 1 passenger-car seller in Singapore can be described as explosive. 

    How BYD disrupted Singapore’s car market – and why the strategy is turning on itself

    On Wednesday (Aug 19), the 79-year-old stepped down as chairman of the National Wages Council with immediate effect for “personal reasons”.

    From sales executive to DBS chairman: A look at banking veteran Peter Seah’s career

    Dennis Chua, founder and CEO of Timah Partners (centre), with members of his team (from left), Kelvin Ho, Serena Li, Yap Hsien Liang and Christopher Pang.

    Timah Partners lands S$60 million facility from lenders including UOB, RHB

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More