Indonesia’s tax amnesty could see up to $7.5 billion USD invested in the real estate sector
Real estate consultant Indonesia Property Watch predicted that 60% of all repatriated funds will be invested in property and according to Todd Lauchlan, Country Head of JLL Indonesia overseas real estate investors pumped at least US$2.8 billion into Indonesia last year.
When Jakarta was named as the city with the worst traffic in the world earlier this year by Castrol, it came as no surprise to the millions of commuters who spend hours on its roads every day.
