Idle Land to Face Higher Taxes

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02/02/2017 17:12 WIB

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Land Bank of Several Property Developers

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Idle Land to Face Higher Taxes

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Land Bank of Several Property Developers

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The government is currently discussing a plan to implement higher tax rates on unused land, or idle land. The government hopes this will encourage more productive land use, rather than simply hoarding land for investment or as a land bank. The government promises that this progressive tax plan for idle land will not burden the property industry. The condition is that land use is appropriate as a land bank and not left idle to profit from rising land prices.

Several leading property developers own hundreds to thousands of hectares of vacant land intended for property development investment. For example, Sentul City, a Bogor-based company with the stock code BKSL, has a land bank of 14,300 hectares. Meanwhile, Bumi Serpong Damai (BSDE) and Jababeka Industrial Estate (KIJA) have land banks of 4,100 and 3,200 hectares respectively, spread across several regions.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Idle Land to Face Higher Taxes

Idle Land to Face Higher Taxes

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West Java, Region with the Highest FLPP Disbursements until Early November 2025

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Idle Land to Face Higher Taxes

Idle Land to Face Higher Taxes

Tags

Related Data

West Java, Region with the Highest FLPP Disbursements until Early November 2025

Top 5 Largest FLPP Home Financing Banks until November 2025

BP Tapera Housing Financing Disbursement to Increase in 2025

Investment Assets Held by Indonesia's Middle-Class in 2025

Only 65% of Indonesian Households Live in Decent Housing in 2024

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