Foreign developers keen on Indonesia's property market

A number of foreign developers have laid eyes on Indonesia’s property market owing to the country’s massive population and economic growth of 5.5% - the highest of South East Asia.

It has been reported, investors from China, Korea, Malaysia and Singapore have expressed interests in extending property businesses to Indonesia. The property project types they are interested in, vary from residential projects including apartments to commercial projects, such as shopping centres and industrial estates.

For example, the Singaporean based Pacific Star Holdings Pte Ltd., intends to manage one property project in the Sudirman Central Business District (SCBD) in Jakarta and another one in Bali.

This is as they cited data from the United States Trade Department, highlighting that Indonesia quarters the world’s fourth-most populous country with 253.60million people, as the reason for investing towards the country’s property sector. It selected Jakarta as the project site, owing to the city’s profitable nature for property development.

Luxury U.S. real estate group moving into Asia Pacific

A Chicago, U.S. based real estate group, focusing on luxury properties, in recent times established a corporate office in Singapore to expand its coverage to established as well as emerging Asian markets.

The company, specialising in over USD one million homes, will concentrate on Asia Pacific investors from mainland China, Hong Kong, India, Japan, plus New Zealand, targeting the region’s rising property hotspots including Indonesia, Malaysia, the Philippines and Thailand.

The group have claimed their members have encompassed efforts to target Asian consumers, striving for a better understanding of cultural preferences, acknowledging the potential impact on their businesses.

The upcoming Luxury Portfolio Immersion Conference of China was recently announced—quartering around one million Chinese millionaires from 20^th to 22^nd July. This will give a further understanding of the rising power of Chinese investors.

The luxury property group operates in 30 countries having produced approximately USD314billion in sales last year via 200 luxury affiliates.