The Jakarta property market, especially the market for office and residential properties, has continued to slow down due to weak demand since 2015. In the first quarter of 2017 the rent for Grade A offices in the central business district … Continue reading →
The World Bank Executive Directors Agency has approved a USD 450 million funding to support the Indonesian government in expanding the affordable housing program for lown-income people. The approval was signed on March 17, 2017. Chief Representatives of the World … Continue reading →
Junaidi Abdillah, Chairman of the Indonesian Housing and Residential Developer Association (APPRSI) said that the currently ongoing housing program for low-income people has not received proper support from regional governments. “We have explained several issues on the housing program for … Continue reading →
The government will continue its program to develop 1 million houses this year, taking into account significant backlog in the program. Public Works and Housing Minister Basuki Hadimuljono said the government built 805,169 houses in 2016, compared to 699,770 houses … Continue reading →
Foreign property developers, led by state-owned China Communication Constructions Group (CCCG), made the biggest investment in Jakarta’s residential property in nearly a decade this year as they bet on relaxed mortgage rules boosting demand. CCCG’s $1 billion eight-tower complex is … Continue reading →