Expert: Tax Amnesty And The Fate of Luxury Properties in Jakarta

Tax amnesty or forgiveness of tax that is predicted to recover property in Indonesia, seems still a big question mark. Especially for middle-up property (luxury) in major cities, especially in Jakarta.

Hendra Hartono, CEO Leads Property Service Indonesia said, the tax amnesty is actually targeted to upper economic class society which often save money or invest abroad.



"This policy seemed to be a catalyst for the economy over to carry and store back to Indonesia. Of course, hope can be stored on the property sector, "said Hendra.

Despite positive can be a catalyst, but when it should be self-aware, the situation in Jakarta and other big cities are still far from positive expectations earlier.

"Talk about an upscale property, we certainly could not be any talk. Therefore, the order requires a comprehensive, ranging from the layout of the city, public facilities such as infrastructure and transport. And in Jakarta, I think, is still not ready to attract investors upscale property, "he said.

Hendra also unveiling the luxury property in Jakarta, rental prices and sales are already too high. At present, the global economic situation is still causing sluggish property. Finally, the impact on sales of luxury properties come lethargic.

"The problem that occurs in Jakarta luxury property sector is currently not on the property itself. Rather, the urban planning is still not settled. For example in Sudirman, luxury apartments become invisible because the surrounding is still flooded, roads are still small, and does not guarantee security, "

"Not only in Sudirman, the location of luxury apartments in Jalan DR. Saharjo same. Luxury apartments, but beside it near the cemetery, or close to the tire. The view is still far when compared with Singapore are the property investment destination, "said Hendra.

According to Hendra, the characteristics of an upscale property investors often consider the safety, comfort, and range that is not hampered by traffic.

"Not only that, the upper class investors are also very selective about what's in the vicinity. That is, who is their neighbor? Well, if the neighbors are not considered equivalent by them, of course, out of favor for investments, "he added.

Found in a different place, Agus Salim as president director of PT. Muliaguna Propertindo Development, agreed that conditions khsuusnya luxury residential property is still sluggish.

"But, I was greeted positively by the tax amnesty is the upscale residential investment interest in Jakarta. The reason, the housing needs are still high. Moreover, with the condition of traffic congestion in Jakarta, they inevitably want residential haven close to the workplace, "said Agus.

As developers of Apartment Sudirman Hill, Agus said that the company remains consistent with development plans despite the current economy is still sluggish.

"Consumers that need certainty from developers. Already know the conditions are like this, if delayed, retreat, they are also more hesitant to invest. And proven, some consumers up to us to order some units, "he added.

Do Jakarta livable?

When asked whether Jakarta is still habitable? According to Hendra, many obstacles of various factors, especially in terms of infrastructure conditions and availability of transport also heavily influenced by the consistency of keeping the community to participate.

"I know the government's performance has been pretty hard to improve on this. But, on the other hand keep in mind the people of Jakarta very multi diverse social strata. So needless self-awareness, that as a society turned out quite instrumental to lift economic growth starting from compliance with the rules, "he explained.

Hendra added, as the capital of a mega city, Jakarta should be an example for other cities. When in Jakarta, the problems mentioned above is resolved, then the nation could have the hope to be able to attract investors to the sector luxury property in Jakarta.

"That way, tax amnesty is no longer just a discourse. Because the public will see, how the money they could put to good use for infrastructure and transport development, "said Hendra.