24/06/2020
No surprises here. High net worth International investors would avoid this type of investment because of Indonesia's restrictive foreign ownership laws. The developers have to "dilute" the project simply to make it more palatable to domestic investors. Failing that, the project will never eventuate
Less than a year after Donald Trump Jr. visited Jakarta to mark the Trump Organization’s foray into Southeast Asia’s biggest country, his ultra-luxury project in Bali is facing a new reality: Indonesians are holding back spending as the coronavirus ravages the nation’s $1 trillion economy.