Construction & Real Estate

The Real Estate Investment Fund (Dana Investasi Real Estat or “DIRE”) has been known since 2007 in Indonesia. It has been regulated under the Regulation of Capital Market and Financial Institution Supervisory Agency (Badan Pengawasan Pasar Modal dan Lembaga Keuangan or “Bapepam-LK”), currently known as Regulation of Financial Services Authority (Otoritas Jasa Keuangan or “OJK”). The regulation of DIRE has been amended from time to time and most recently, the OJK issued the Regulation of OJK No. 64/POJK.04/2017 concerning Real Estate Investment Fund in the Form of Collective Investment Contract (“POJK 64/2017”), which revoked the old regulations

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