In fact Indonesia has been left behind in policy and regulation regarding of ownership of foreign in sector property. Other country have step farther and own the good marketing strategy on property. Indonesia policy on ownership of property by foreign, came within the fall of rupiah and slowing its economic.
Indonesia has chance to grasp the potential investor in sector property. This is because Indonesia has own the commercial strategic place and also beauty place in the world. It’s predicted area of business of Jakarta and tourist destination in Bali will get the beneficial opportunity. Although investors would think twice about the regulation, because probably it could be changed in future.
Not like other country in maintaining regulation, which is well guarantee and clear, here the change of the governance can change its regulation. Foreign investor will consider the regulation, so that orientation of the purchasing property can be in short term. This mean non of buying property for the residence, but only as investment or broker class
Not like other country like UK or Singapore in selling their property. They own the strategy which exact and exploit the unique property. Price of property in UK in exact have been tilled and arrange according to residence and also commercial. Their regulations also clear, managed by town council tightly
No one that dare to change or renovate without permission from town council, because can experience of the coherent action and fine. Here its regulation is still unclear, investor will think twice, the investment of property required safety and other support facility. For foreigner which wish to stay, area in Indonesia still not yet adequate of its facility
This is concerning education place, health service, and also other support facility. From various international surveys, Jakarta is also recognized with the costly place of its living cost.
If the ownership of property to the foreign to draw their investments, hence government should conduct the best marketing strategy. Just because of the rupiah pressure, doesn’t mean to change the policy to draw the incoming investor. Surely it will be hard, because of a lot competitor in this business.