Poperty

More than half of companies in Singapore put Indonesia in the first position as a business destination country. Similarly, it was released in a survey conducted by the Singapore Business Federation of 1,100 companies in the Lion Country.

In addition to infrastructure development and connectivity reasons that the government continues to develop, Indonesia's demographic conditions are believed to be a factor that many Singaporean companies consider.

While data from US News titled 2018 Best Countries on the best countries for investment, calling Indonesia is second in the Philippines. The results of this survey indicate that Indonesia will be an option for foreign investors for investment.

The strengthening of Singapore's economy and the survey conducted by the Singapore Business Federation, makes Singapore businessmen as the target of Indonesian business especially in the property sector.

Considering the Government of Indonesia's regulation in the form of Government Regulation No. 103 of 2015 concerning Housing Ownership or Shelter by Foreigners domiciled in Indonesia, it is enough to give leeway in the case of property ownership for foreigners.

Also: Buy Foreign Property In Indonesia, How to Procedure?

This situation is increasingly providing a stimulus to the entry of Singapore businessmen into the property sector of Indonesia.

"The increase in the quantity of foreigners who do business in Indonesia, pushing demand for occupancy demand for foreigners who are increasingly soaring. Government policy on property ownership will also increase foreign investment in the property sector, so the national property market is more enthusiastic, "said property analyst David Cornelis.

Referring Permenkumham No. 23 Year 2016 Article 1 paragraph 1, the terms of purchasing a home for foreigners include:

Domiciled in Indonesia
Not an Indonesian citizen
Benefit, do business, work or invest in Indonesi