Held Hostage
Wednesday, February 16, 2011
The property business has been held back because the regions lack the capacity to charge levies on property transfers. A legal breakthrough is needed to solve the predicament.
arsip tempo : 178036519823.
IT is truly worrying when the property business is adversely affected by a trivial matter. This is not a problem concerning cement supplies or a shortage of roofing tiles. And neither is it due to the decline in people’s buying power. The cause is the local governments’ tardiness in regulating land and building transfer fees.
Without regulations covering acquisition duties of rights on land and buildings (BPHTB), the property sales business
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