Under the Government Regulation No. 64 of 2016 on Construction of Low Income Communities Housing (“GR No. 64/2016”), the housing for low income communities (“LIC Housing”) shall be constructed not more than 5 hectares, and at least 0.5 hectare, provided that the...
Constructing one million houses for low-income communities (LIC) is a worthy goal. The home ownership rate in Indonesia is 79% and the rest is either renting or have other arrangements. Some 12 million families do not have homes at all. Therefore, the goal is noble, the need tangible and the problem real.
Background On 29 December 2016, the Goverment of Republic Indonesia, has enacted the Government Regulation No. 64 of 2016 on Construction of Low Income Communities Housing (“GR 64/2016”). PP 64/2016 is the implementing regulation on Law Number 1 of 2011 on Housing and...
As Indonesian government action to provide opportunity for foreigner to own residence in Indonesia, the Government has enacted Government Regulation Number 103 of 2015 on House or Residence Ownership by Foreigner Domiciled in Indonesia (“PP No. 103/2015”) and its...
Background On last 27th of Mei 2016, the government issued new regulation namely Government Regulation No. 14 of 2016 regarding Implementation of Housing and Residental Areas (“PP”). This PP revoke Government Regulation No. 44 of 1996 regarding House Occupancy by...
Background To answer the requisite needs of economical public housing and as one of the Government’s acttion to improve the welfare of the people, the House of Representative and the Government of Indonesia formulated the new law called the Public Housing Savings Law...
Background Financial Services Authority (“OJK”) issued a regulation, namely Financial Services Authority Regulation No. 23/POJK.04/2014 Year 2014 on Guidelines for Issuing and Reporting Asset Backed Securities in the the Form of Participation Letters Within the...
In order to implement certain articles found in the regulations concerning the Management of Household Waste as stipulated in Governmental Regulation Number 81 of 2012, it is essential to impose a new law devised by the Minister. The new Regulation would be called the...