Property groups focusing on healthcare

With health concerns growing amongst Indonesia’s increasing middle class, property groups are also increasingly looking towards the health care business to boost recurring income.

At present, there are 2,337 hospitals scattered throughout South East Asia’s most populous nation, of which just over 30% are private hospitals, as reported by the latest data from the Health Ministry.

Amongst the privately operated are Siloam International Hospitals, opearted by Lippo Karawaci, one of the major listed property developers in Indonesia.

Lippo Karawaci has risen to be the country’s largest private hospital operator following its investments in health care services starting to pay off.

New residential project in Papua

A subsidiary of property giant Ciputra Development, Ciputra Surya will begin construction on a new residential project by the end of this year in Jayapura, marking the company’s venture into Papua Island.

The project will compose approximately 38hectares of landed residence, as reported by the director of Ciputra Surya.

The listed property developer is presently undergoing preparations for construction, having already assessed the potential of Jayapura from flight frequencies to purchasing power.