JAKARTA. Property developer Jababeka expects commercial real estate to see a boost from repatriated funds, as it is more suitable for the three-year lock-up period required under the tax amnesty.. Jababeka director Hyanto Wihadi said commercial real estate would be suitable for repatriated assets as it offers an increasing price over years, generates recurring income and can be utilized for long-term business purposes. “We hire tax consultants in our marketing offices so that people can consult us directly regarding the eligibility of our properties for their repatriated assets,” Hyanto told thejakartapost.com during a The Jakarta Post seminar entitled "Accelerating Infrastructure Development" in Jakarta on Monday.
Jababeka eyes boost from repatriated assets
JAKARTA. Property developer Jababeka expects commercial real estate to see a boost from repatriated funds, as it is more suitable for the three-year lock-up period required under the tax amnesty.. Jababeka director Hyanto Wihadi said commercial real estate would be suitable for repatriated assets as it offers an increasing price over years, generates recurring income and can be utilized for long-term business purposes. “We hire tax consultants in our marketing offices so that people can consult us directly regarding the eligibility of our properties for their repatriated assets,” Hyanto told thejakartapost.com during a The Jakarta Post seminar entitled "Accelerating Infrastructure Development" in Jakarta on Monday.