PP 48/2025: Why Indonesia's Real Estate Industry is at Risk

The introduction of Government Regulation No. 48/2025 in Indonesia has caused significant concern in the real estate sector. The regulation allows the government to reclaim land that has not been developed within two years. This has alarmed developers, as the process of land acquisition and permitting often exceeds this timeframe. Industry leaders warn of potential stagnation, affecting numerous related industries and increasing unemployment. There is a clear need for policy revision to ensure a balance between food security and construction development.