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.
"Asia is likely to see more upmarket retirement villages as affluent Asian baby boomers plan for active ageing." Noeleen Goh, JLL director in Capital Markets, specializing in senior living.