New mortgage rule effective on Sept. 30, http://www.thejakartapost.com/, 26 September 2013

Bank Indonesia (BI) introduced on Wednesday a new mortgage regulation to help curb excessive loan growth and ease property speculation.

In its statement, the central bank said that it had increased the minimum down payment for additional property purchases and set other requirements for the regulation, which is scheduled to take effect on Sept. 30. With the new rule, BI had officially revoked its mortgage regulation, which was implemented last June.

Property Market Improved in Mid 2017: http://www.rei.or.id/newrei/berita-pasar-properti-membaik-di-paruh-kedua-2017.html/19 July 2017

Business actors believe the national property market will be better in mid-2017. In addition to various macroeconomic regulations and policies, which are expected to be better, market demand is still great especially the housing needs in the domestic high into optimism resurgence of industrial property. Chairman of the Indonesian Real Estate Companies Association (REI) Soelaeman Soemawinata said, REI is still optimistic about the growth in the housing subsector because the market demand is still great. In addition, the impact of the implementation of tax amnesty will also begin to be felt in the second half of 2017.

Developer of REI members have set up two schemes to face in 2017. First, REI will continue to expect changes in economic conditions and preparing various strategies to attract investors to the property sector. Secondly, REI is unable to think conventionally, so developers will still prepare for land expenditure, a mature development plan, and funding so that when the market recovers, REI is ready.