http://www.nytimes.com/2010/06/04/greathomesanddestinations/04iht-reindo.html?_r=1&ref=indonesia
This article discusses the issue of foriegn ownership in the Indonesian archipelago. At a recent meeting of real estate agents on the tourist island of Bali hope was expressed for opening the way for more liberal foreign ownership laws. Unfortunately for some, it seems that the status quo will remain.
Currently it is quite difficult for foreigners to but property in Indonesia. Consequently, this may be having a negative effect on foreign investment which is an important driver of economic growth in the archipelago.Other countries in the region such as Vietnam and Cambodia are benefiting from increased foreign invetsment which is a direct result of relaxed foreign ownership laws. As Indonesia is keen to increase its share of foreign investment, this kind of competition only serves to put pressure on those not wanting a change to current regulations.
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