Developers targeting university students

Numerous property developers have begun to look towards outskirts in proximity to campuses as they target university students for their projects.

The booming middle class of Indonesia has led to more families being able to send their children to respected universities at home.

Favoured universities are concentrated within Java, including the University of Indonesia (UI) in Depok, West Java; the Bogor Institute of Agriculture also in West Java; the University of Gadjah Mada, Yogyakarta, Central Java; the Surabaya Institute of Technology, East Java; the Bandung Institute of Technology; and Padjadjaran University – both situated within Bandung of West Java. 

Many students arrive from throughout the different islands of Indonesia, residing close by their chosen campus.

Previously, boarding homes were popular amongst students, owing to their affordability. But with their parents’ increasing purchasing power, many have turned to seeking apartments.

Cinema Developments! Boosting the film industry of Indonesia

The Lippo Group of the Riady family plans to develop 1,000 screens within five years across the country, under its Cinemaxx brand. They will first focus on second and third tier cities before looking into major metropolises including Jakarta.

The large firm, with interests in real estate, media, retail, healthcare and hospitality, is in good place to develop Indonesia’s exhibition infrastructure, owning shopping malls with political links essential for the job.

During recent months, deals have been signed with technology providers including Barco, Dolby Atmos, GDC and Masterimage 3D, this is as well as the firm also developing its own giant screen brand, MegaMaxx. The CEO of Cinemaxx announced at the recent CinemaCon of goals to offer state-of-the-art technology with first-class amenities.