New | Indonesia to revise rules to allow foreign investment in real estate

The Indonesian government is finalising new rules that will permit expatriates to buy luxury homes in the archipelago. Photo: AFP

The Indonesian government is finalising new rules that will permit expatriates to buy luxury homes in the archipelago.

Analysts said it was a positive step forward but might not result in a flood of property sales because foreign buyers might still be put off by high property transaction costs.

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