Property sector: DPR plans to relax the rules of apartment property ownership for foreigners through RUU of land. In the new RUU, foreigners will obtain use rights that can follow the period of building rights (HGB). While in PP 103/2015, the right to use for foreigners is only given for a period of 30 years and can be extended by 20 years, and can be extended a second time with a period of 30 years. (Kontan).
Comment: We are still neutral on the RUU plans, as the regulation is still not yet clear.
Sumber : IPS RESEARCH
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