Changes to Indonesia's foreign ownership of property could give it US$10b annual boost
A draft law proposes to let foreigners own strata-titled apartments and condominiums in the country
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Jakarta
IT HAS been 15 years in the making, but the wait may well be worth it: the Indonesian government has finally tabled a draft law that will enable foreign investors to purchase and own property in the country with fewer restrictions.
These regulations are included in the Omnibus Bill, which aims to transform Indonesia's economy by cutting red tape and improving the ease of doing business there.
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