Latest Jakarta news brought to you by Commercial People

 

Great news in Jakarta, the city has been labelled as the ‘hottest luxury property market in the world’ for a second consecutive year, as reported by renowned property consultant, Knight Frank. Jakarta’s market was labelled the hottest out of 30 cities in the world, based upon having the highest increase in prices for real estate – an increase of 38% during the year 2013. This increase was almost exactly similar to the increase during 2012.

More great news for Indonesia, Bali followed not far behind as the third hottest luxury property market in the world, with a 22% gain - Perfect timing for the exciting developments under construction, within the city.

 

Thinking of investing in property? It is evident that Indonesia is the best place to start, so check out www.commercialpeople.co.id - Coming soon.

Indonesia leads Southeast Asia residential market, says Jones Lang LaSalle

Buoyed by a strong domestic demand for housing and increasing property prices, Indonesia is seen as the leader in Southeast Asia residential market, according to a new Jones Lang LaSalle report.

The 21 percent annual increase in prices recorded by Jones Lang LaSalle in 2012 suggests that the country’s real estate economy is on the rise, ahead of other emerging markets like the Philippines and Thailand.