That's a valid point. It never occured to me that in Indonesia you can actually double your savings in 10-12 years simply through savings. This is quite unheard of. I thought rent/price ratio was good, but now that we factor TD, it's actually TD that is safer.
Do you mean the price of rent is too low, or the price of purchasing a property is too low.
Frankly having lived in a few countries, Indonesia's price/rent ratio is the best for a landowner. A purchased property seems to be able to recoup the investment in ~15 years which is super fast...
Following up on the first question, I've read that
"OJK is calling for tax rates on Reit products to be further reduced from the current 5 per cent to 1 per cent as a way of drawing more investors."
Anyone has any experience...
I can live with TT being charged. It's about 10USD per transfer.
So long we can do TT without issue using e-banking. Say I moved back to my home country and want to TT out my funds slowly, I cannot imagine flying back to Indonesia to present a request at the counter to do that.
Thanks.
Yea, I am fine with 25k USD per month restriction as long as I can do a TT from my e-banking to transfer to a foreign bank in a foreign currency when needed.
Certain countries put a lot of restriction when users(foreign or local) try to convert their local currencies to USD. They need...
Thanks for the reply :)
Yea, it's always a little tricky to open without KITAS but I did find one that would.
For item 2. I would then be able to freely do a TT transfer using e-banking to my overseas account, say HSBC?
Hi guys,
I am contemplating to open a bank account (without KITAS) in a bank for IDR savings.
It's more to diversify my savings so am not looking into putting alot of money, maybe 50 million IDR for time deposits.
Hopefully someone here can offer some advice :)
1. Which banks offer good...
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