e-ISSN: 2723-6692 p-ISSN: 2723-6595
Journal of Indonesian Social Sciences, Vol. 5, No. 11, November 2024 3047
credit and unsupportive policies. Compared to neighbouring countries such as Malaysia and
Singapore, Indonesia needs to improve its policy infrastructure and expand people's access to
property. By learning from best practices in other countries, Indonesia can make access to property
ownership more inclusive and attractive.
The implication for Indonesia is to increase purchasing power and property investment, where
Indonesia can learn from neighbouring countries that have successfully created a more stable and
inclusive property ecosystem. 1) Expansion of Credit Access, the Indonesian government needs to
expand access to credit, especially for people with lower-middle income, by subsidizing interest rates
and easing regulations on property ownership. 2) Pro-Investment Property Policy, Indonesia could
also consider implementing a REITs policy and encouraging foreign investment in the property sector
to strengthen the market and boost purchasing power. 3. Economic Infrastructure Improvement,
Economic stability should continue to be prioritized for improvement with measured fiscal and
monetary policies in order to increase investor confidence.
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