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

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.