However, property developers, including the Agung Podomoro Group, claim that more than 80 percent of their buyers are in fact end-users, not speculators.

Starting from 1 September 2013, minimum down payments for the purchase of a second and third house or apartment in Indonesia will be raised:

  Specification Minimum Down Payment
Second property larger than 70m²  40 percent of the price
Third property larger than 70m²  50 percent of the price
Second property between 22 to 70m²  30 percent of the price
Third property between 22 to 70m²  40 percent of the price

Source: Bank Indonesia

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