Indonesian property businesses, particularly in Jakarta, are viewing
favourable conditions allowing for further growth next year.
However, it must be noted that the magnitude of the sector’s growth next year will not be great as that in the recent three years. Analysts agreed that significant growth would be seen, according to Amran Nukman, the Jakartan branch chairman of the Indonesian Real Estate Association (REI).
Chairman Nukman explained property businesses will continue
to gradually grow next year. During 2012 we saw the sector rise from 40 to 60%. Next year, 10 to 20% growth is expected. This growth is considerably
good with next year’s likely favourable economic conditions.
The optimism that the sector is to develop next year, takes into consideration the Jakarta administration’s support on property businesses in the city.
The optimism that the sector is to develop next year, takes into consideration the Jakarta administration’s support on property businesses in the city.
