| Issue Number : 4311ID Indonesian translation

Provisions on Mortgage Liquidity Facility Funding under the Tapera Program Introduced

The KPR Sejahtera program is funded through a combination of FLPP funding and funding provided by FLPP executing banks

| Issue Number : 4304ID Indonesian translation

OJK Updates Property Assessment Provisions for the Capital-Market Sector

Property appraisers ) are obliged to complete assessments of properties within the capital-market sector in accordance with the relevant code of ethics, assessment standards determined by the OJK and property appraisers' own qualifications. However, this new regulation now permits the said appraisers to utilize other international assessment standards, as long as said standards are otherwise unregulated by the OJK

| Issue Number : 4278ID Indonesian translation

Procedures for the Determination of HPL and Land Rights Updated

In order to secure a determination of HPL in relation to state land, various requirements first have to be fulfilled, including the following: 1) Applicant's identity; 2) Business Identification Number or Company Registration Certificate; 3) Tenure basis or basis of any rights (e.g. certificates, deed of rights transfer, etc.); 4) Suitability of Space Utilization Activities; 5) Business license

| Issue Number : 4237ID Indonesian translation

Provisions on Housing Financing Facilities under BPJS for Labor Updated

Sets the maximum benefit amounts that can be received through the JHT by participants whenever they apply for housing financing facilities. Said benefits break down as follows: 1) Down Payments for Housing Facilities (Pinjaman Uang Muka Perumahan) = Rp. 150 million; 2) Mortgage-Loan Facilities (Kredit Pemilikan Rumah) = Rp. 500 million; 3) House-Renovation Facilities (Pinjaman Renovasi Perumahan) = Rp. 200 million; and 4) Other benefits, which are provided in the form of financing for employee housing complexes

| Issue Number : 4206ID Indonesian translation

Government Further Amends Land-Registration Procedures in Line with Job-Creation Law Updates

In order to install land-plot boundary markings, applicants are now required to secure approvals from neighboring landowners. Moreover, the installation and maintenance of said boundary markings are the responsibility of applicants. It should also be noted that technologies such as geotagging, augmented reality/virtual reality (AR/VR) and video-call/audiovisual communication applications may now be utilized during activities that relate to the determination and installation of land-plot boundary markings

| Issue Number : 4189ID Indonesian translation

Government Regulates the Issuance of KKKPR and PKKPR

The KKPR for business activities is to be implemented via the OSS system through the issuance of the following documents: 1) KKKPR; and 2) PKKPR

| Issue Number : 4185ID Indonesian translation

Govt. Updates Provisions on Technical Land Considerations

Technical land considerations are required in order to engage in certain activities and secure certain functions, specifically: 1) Issuance of KKPR; 2) As the basis for the affirmation of statuses and tenure recommendations in relation to incurred land; and 3) As an implementation of land utilization policy

| Issue Number : 4172ID Indonesian translation

Procedures for the Determination of Destroyed Lands Further Regulated

The determination of destroyed lands involves the following stages: 1) Location determination; 2) Formation of a Destroyed Lands Research Team; 3) Dissemination of information; 4) Identification, inventory taking and study; 5) Announcement; 6) Implementation of reconstruction or reclamation; and 7) Issuance of a decree on the determination of destroyed lands

| Issue Number : 4162ID Indonesian translation

Government Sets New Implementing Regulation for the Organization of Geospatial Information

Organizers of thematic geospatial information must now synchronize said information with the most up-to-date basic geospatial information

| Issue Number : 4158ID Indonesian translation

Regulatory Framework for the Organization of Spatial Planning Updated and Synergized

Conformity of Spatial Utilization Activity confirmations or approvals are a prerequisite for the securing of business licensing documents by any business actors which are not classified as micro- and small-scale enterprises

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