{"id":8398,"date":"2020-06-09T16:18:40","date_gmt":"2020-06-09T09:18:40","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=8398"},"modified":"2021-06-04T15:01:32","modified_gmt":"2021-06-04T08:01:32","slug":"indonesias-new-regulations-could-break-a-stasis-in-the-property-sector","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\/","title":{"rendered":"Indonesia’s new regulations could make or break the property sector"},"content":{"rendered":"

Rolled out to slash Indonesia\u2019s excessive red tape, Joko Widodo\u2019s sweeping new set of laws could break a stasis in the property sector and potentially define his legacy<\/p>\n

\"\"
After winning a second term as President, Joko Widodo is hoping to seal his legacy courtesy of a raft of radical reforms. ImanSatria\/Shutterstock<\/figcaption><\/figure>\n

Months after winning an electoral rematch with old rival Prabowo Subianto, an empowered President Joko Widodo rolled out the big guns to fire up Indonesia\u2019s listless economy: sweeping laws designed to blast through the excessive red tape and complicated regulations perennially deterring investment in the country.<\/p>\n

Yet in what will decidedly be the final chapter in Widodo\u2019s plan for economic reform once his two-term presidency ends, the bills have drawn a mixed response, with property analysts questioning whether they can bring lasting change.<\/p>\n

The \u201comnibus laws\u201d, sent to the House of Representatives for deliberation in February, contain more than 1,000 proposed amendments to simplify 82 existing laws that diminish Indonesia\u2019s appeal as an investment destination.<\/p>\n

It\u2019s action that is long overdue. The real estate market is sluggish, the labour force is growing as slow as it did two decades ago, and the country is sliding dangerously into the middle income trap. Last year, Indonesia\u2019s economic growth was at its weakest in over two years, mainly due to slow global trade amid the US-China tariff dispute.<\/p>\n

\u201cDrivers of growth have shown deceleration in all productive engines, while the drop in imports have held overall economic growth afloat,\u201d Wisnu Wardana, a Jakarta-based economist with the Bank Danamon, tells reporters.<\/p>\n

The squeeze to the economy has placed Widodo in a tight spot. His options for fiscal and monetary stimuli have dwindled as the government\u2019s income has been hit by weak corporate earnings, with several cuts already made to interest rates. Faced with this, the new laws could even potentially attack the economy\u2019s problems from a different angle.<\/p>\n

Compared with other ASEAN countries, Indonesia still has so many regulations that are a headache to the business community and investors<\/p><\/blockquote>\n

The bills are chiefly concerned with easing or simplifying laws around foreign workers, wages, work hours, and redundancy. Under the new laws, severance payments beyond basic allowances will be either reduced or scrapped completely, and corporate income tax lowered from 25 percent to 20 percent by 2023. There are also provisions on lowering tax penalties and easing stringent income tax regulations for expats.<\/p>\n

The laws align with Widodo\u2019s efforts to reform business since taking office in 2014. His economic policy package of deregulation, which includes subsidized loans with low interest rates to small companies and accelerating funds to local governments, have been well received. However, they remain limited in their impact: Indonesia has consistently ranked 73rd in the World Bank\u2019s Ease of Doing Business index.<\/p>\n

Anton Sitorus, a consultant at Savill\u2019s Indonesia, says the government has made good efforts to support the economy and property sector, with \u201cIndonesia\u2019s position much better with stronger fundamentals.\u201d<\/p>\n

While \u201cthe president is very concerned about the bureaucracy in Asia,\u201d Sitorus points out more needs to be done to eliminate the \u201cvery big problem\u201d of red tape. \u201cCompared with other ASEAN countries, Indonesia still has so many regulations that are a headache to the business community and investors,\u201d he says, adding these are largely due to the many vested political interests in business.<\/p>\n

Recent years have thwarted Indonesia\u2019s attempts at reviving its former glory as one of Asia\u2019s most investable destinations. At its peak, both the economy and real estate markets were booming. High rental yields and rapid price gains were luring foreign investors to new high-rise developments as Jakarta became one of the strongest real estate markets in the world. While speculations of an inevitable crash in the market never happened, a prolonged stagnancy followed amid a slowdown in global commodities, leaving Indonesia\u2019s property industry out of gas.<\/p>\n

Now analysts are wary that in his haste to push desired reforms before his second and final term ends, Widodo is taking short cuts.<\/p>\n

One of the few property-related articles the laws aim to simplify is the need for building permits. Permits would not be required for so-called simple structures such as two-storey buildings or for standard buildings that are already regulated. But complex buildings would still require certification of occupancy or a building permit.<\/p>\n

\"\"
Indonesia\u2019s sluggish residential market has been hampered by excessive red tape. Property watchers believe the new laws being introduced will help to roll away unnecessary regulations. CreativaImages\/Shutterstock<\/figcaption><\/figure>\n

Hasan Pamudji of Knight Frank\u2019s Jakarta office asserts the government must take care to avoid the possibility for loopholes by taking the time to get the regulation right. Getting rid of unnecessary documents for such things as building permits \u201cmay confuse end-users in terms of what the important requirements are,\u201d he says. \u201cTherefore, this law must be made very carefully, and time should be taken to draft it, and not to rush it.\u201d<\/p>\n

An area where the laws have come under heavy criticism has been on their perceived lack of transparency and public participation. Legal experts, labour unions, and environmental groups have slammed the bills for their potential to do more harm than good by eroding Indonesia\u2019s already tenuous protections for the environment and workers.<\/p>\n

Equally important is getting local and central governments apply the laws consistently\u2014which has rarely been their strong point. \u201cConsistency of the law is very important. Meaning the local and central government must be saying the same thing instead of differing on rules and regulations,\u201d states Hasan.<\/p>\n

More: Winners of the Indonesia Property Awards stand strong against the COVID-19 pandemic<\/strong><\/a><\/p>\n

Yet more than waiting for a change in regulation to boost the property market, many say developers need to drop their prices if the country\u2019s oversupply of units is to be absorbed by investors and end-users\u2014currently one of the biggest obstacles to the market\u2019s ability to rebound.<\/p>\n

\u201cWe have the same perspective for the next two years,\u201d says Sitorus. \u201cWe don\u2019t really see prices going anywhere, so a lot of investors have chosen to stop spending their money on property, while end-users, especially millennials, don\u2019t have the capacity to buy property they like, in the cities.\u201d<\/p>\n

For Widodo, the laws could indeed be a defining legacy. Indirectly, any overall boost to the economy should create the wealth and buzz that might feed into real estate. But whether that legacy will remain a positive one in the long run is the bigger question.<\/p>\n

For Cornelius Beny Juniarto, a senior partner at law firm Hermawan Juniarto & Partners, one of two things could make or break the Indonesian President\u2019s legacy: postponing the bills to allay growing concerns, or taking the gamble at the \u201crisk of a public backlash\u201d.<\/p>\n

This article originally appeared in\u00a0Issue No. 159<\/a>\u00a0of\u00a0PropertyGuru Property Report Magazine<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Rolled out to slash Indonesia\u2019s excessive red tape, the new set of laws could make or break a stasis in the property sector<\/p>\n","protected":false},"author":9,"featured_media":20607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[97,92],"tags":[154],"class_list":["post-8398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-magazine","category-news","tag-indonesia","news_country-indonesia","news_author-george-styllis"],"acf":[],"yoast_head":"\nIndonesia's new regulations could make or break the property sector | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indonesia's new regulations could make or break the property sector | Asia Property Awards\" \/>\n<meta property=\"og:description\" content=\"Rolled out to slash Indonesia\u2019s excessive red tape, the new set of laws could make or break a stasis in the property sector\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.asiapropertyawards.com\/en\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\/\" \/>\n<meta property=\"og:site_name\" content=\"Asia Property Awards\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/asiapropertyawards\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-09T09:18:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-04T08:01:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_1351912295.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"723\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gynen Kyra Tirazona Toriano\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AsiaPropAwards\" \/>\n<meta name=\"twitter:site\" content=\"@AsiaPropAwards\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gynen Kyra Tirazona Toriano\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\\\/\"},\"author\":{\"name\":\"Gynen Kyra Tirazona Toriano\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/person\\\/694949ea9cae1c04dfdbdcc3680a2a23\"},\"headline\":\"Indonesia’s new regulations could make or break the property sector\",\"datePublished\":\"2020-06-09T09:18:40+00:00\",\"dateModified\":\"2021-06-04T08:01:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\\\/\"},\"wordCount\":1171,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/shutterstock_1351912295.jpg\",\"keywords\":[\"indonesia\"],\"articleSection\":[\"Magazine\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\\\/\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\\\/\",\"name\":\"Indonesia's new regulations could make or break the property sector | Asia Property Awards\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/shutterstock_1351912295.jpg\",\"datePublished\":\"2020-06-09T09:18:40+00:00\",\"dateModified\":\"2021-06-04T08:01:32+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/shutterstock_1351912295.jpg\",\"contentUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/shutterstock_1351912295.jpg\",\"width\":1000,\"height\":723},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Indonesia’s new regulations could make or break the property sector\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\",\"name\":\"Asia Property Awards\",\"description\":\"PropertyGuru Asia Property Awards\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\",\"name\":\"Asia Property Awards\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Trophy_2.png\",\"contentUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Trophy_2.png\",\"width\":1920,\"height\":1080,\"caption\":\"Asia Property Awards\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/asiapropertyawards\",\"https:\\\/\\\/x.com\\\/AsiaPropAwards\",\"https:\\\/\\\/www.instagram.com\\\/asiapropertyawards\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/showcase\\\/asia-property-awards\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCCMEFMU-KW5dEKfb5dPTL9Q\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/person\\\/694949ea9cae1c04dfdbdcc3680a2a23\",\"name\":\"Gynen Kyra Tirazona Toriano\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/author\\\/gynen\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Indonesia's new regulations could make or break the property sector | Asia Property Awards","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.asiapropertyawards.com\/en\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\/","og_locale":"en_US","og_type":"article","og_title":"Indonesia's new regulations could make or break the property sector | Asia Property Awards","og_description":"Rolled out to slash Indonesia\u2019s excessive red tape, the new set of laws could make or break a stasis in the property sector","og_url":"https:\/\/www.asiapropertyawards.com\/en\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\/","og_site_name":"Asia Property Awards","article_publisher":"https:\/\/www.facebook.com\/asiapropertyawards","article_published_time":"2020-06-09T09:18:40+00:00","article_modified_time":"2021-06-04T08:01:32+00:00","og_image":[{"width":1000,"height":723,"url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_1351912295.jpg","type":"image\/jpeg"}],"author":"Gynen Kyra Tirazona Toriano","twitter_card":"summary_large_image","twitter_creator":"@AsiaPropAwards","twitter_site":"@AsiaPropAwards","twitter_misc":{"Written by":"Gynen Kyra Tirazona Toriano","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.asiapropertyawards.com\/en\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\/#article","isPartOf":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\/"},"author":{"name":"Gynen Kyra Tirazona Toriano","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/person\/694949ea9cae1c04dfdbdcc3680a2a23"},"headline":"Indonesia’s new regulations could make or break the property sector","datePublished":"2020-06-09T09:18:40+00:00","dateModified":"2021-06-04T08:01:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\/"},"wordCount":1171,"commentCount":0,"publisher":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\/#primaryimage"},"thumbnailUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_1351912295.jpg","keywords":["indonesia"],"articleSection":["Magazine","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.asiapropertyawards.com\/en\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.asiapropertyawards.com\/en\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\/","url":"https:\/\/www.asiapropertyawards.com\/en\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\/","name":"Indonesia's new regulations could make or break the property sector | Asia Property Awards","isPartOf":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\/#primaryimage"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\/#primaryimage"},"thumbnailUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_1351912295.jpg","datePublished":"2020-06-09T09:18:40+00:00","dateModified":"2021-06-04T08:01:32+00:00","breadcrumb":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.asiapropertyawards.com\/en\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.asiapropertyawards.com\/en\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\/#primaryimage","url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_1351912295.jpg","contentUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_1351912295.jpg","width":1000,"height":723},{"@type":"BreadcrumbList","@id":"https:\/\/www.asiapropertyawards.com\/en\/indonesias-new-regulations-could-break-a-stasis-in-the-property-sector\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.asiapropertyawards.com\/en\/"},{"@type":"ListItem","position":2,"name":"Indonesia’s new regulations could make or break the property sector"}]},{"@type":"WebSite","@id":"https:\/\/www.asiapropertyawards.com\/en\/#website","url":"https:\/\/www.asiapropertyawards.com\/en\/","name":"Asia Property Awards","description":"PropertyGuru Asia Property Awards","publisher":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.asiapropertyawards.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization","name":"Asia Property Awards","url":"https:\/\/www.asiapropertyawards.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/12\/Trophy_2.png","contentUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/12\/Trophy_2.png","width":1920,"height":1080,"caption":"Asia Property Awards"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/asiapropertyawards","https:\/\/x.com\/AsiaPropAwards","https:\/\/www.instagram.com\/asiapropertyawards\/","https:\/\/www.linkedin.com\/showcase\/asia-property-awards","https:\/\/www.youtube.com\/channel\/UCCMEFMU-KW5dEKfb5dPTL9Q"]},{"@type":"Person","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/person\/694949ea9cae1c04dfdbdcc3680a2a23","name":"Gynen Kyra Tirazona Toriano","url":"https:\/\/www.asiapropertyawards.com\/en\/author\/gynen\/"}]}},"_links":{"self":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts\/8398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/comments?post=8398"}],"version-history":[{"count":0,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts\/8398\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/media\/20607"}],"wp:attachment":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/media?parent=8398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/categories?post=8398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/tags?post=8398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}