Legal certainty in the property industry is still "Barren"

market-property-indonesia-620X310 .jpg "width = 650 > requested Government revised the Government Regulation No. 41 in 1996 about the possession of The Home or residence by foreigners who are domiciled in Indonesia.

JAKARTA, KOMPAS.com -Indonesia Chamber of Commerce and Industry (Kadin) wants the rules regarding property ownership for a company or a foreign citizen can be facilitated to increase the growth of industry in the climate of the country. The burden of the high cost associated with the industrial property sector must be reduced.

"We expect no significant breakthrough regarding the criteria that make it easy for foreign people or foreign legal entity has a property," said Deputy Chairman of Kadin Property Fields and industrial zones, Trihatma K Haliman, Jakarta, Monday (19/2/2013).

According to him, when there is a significant breakthrough, it would be beneficial to excite assessed climate investment property. He reminded that the property industry still faces many problems, among others, legal certainty with respect to property rights and the availability of the infrastructure was inadequate. He also highlighted the problem of high cost economy or the burden of the high cost associated with the industrial property sector.

"The multiple layers of Taxation, such as the burden of consumers rises to 43 percent from the final selling points," he said.

Previously, the Government was asked to revise the Government Regulation No. 41 in 1996 about the possession of The Home or residence by foreigners who are domiciled in Indonesia. Agrarian Law Faculty of law Gadjah Mada University Yogyakarta Maria SW Sumardjono in Jakarta, Wednesday (13/2/2013), said the revision was necessary to provide legal certainty for foreign nationals who would like to have or seek in the field properties in the country.

"The rules that if there is no legal certainty its benefits could be questioned. With a more complete regulation there will be certainty of trying, "he said on the sidelines of an open Discussion of the world property.

According to him, the PP number 41 in 1996 was indeed problematic since its publication because it is the substance that is regulated is not comprehensive, as a result, the PP is not effective.

Land and Property

Land and Property

Title Post: Legal certainty in the property industry is still "Barren"
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