Indonesia plans to cut taxes on luxury properties and revise other tax rules in a bid to support the real estate industry and attract investment in South-east Asia’s biggest economy, Finance Minister Sri Mulyani Indrawati said as quoted by Reuters. S&P Global Ratings warned on Wednesday that the finances of Indonesian real estate developers and state firms might deteriorate in 2019 due to risks rooted in general elections and further depreciation for the rupiah. Indonesia’s economic growth slowed in the third quarter, losing momentum after the previous quarter’s pick up and pointing to tougher conditions for the Southeast Asian economy, which has struggled with outflows from its financial markets.