mood. Consumer confidence
was reported to have returned
to a four-year high.
The
survey
describes
the market for apartments
as “astonishingly bullish”,
with so many projects almost
completely sold off the plan.
It appears that 60% of
all purchases are made by
investors, and 40% by owner
occupiers. The report believes
this number will change over
66
time because of pure supply
and demand dynamics. There
will still be an active investor
market, but the levels of
owner occupation are likely to
increase. Over the years, the
capital appreciation has been
“astonishing”, the report says.
Key projects to be launched
in Jakarta include Four Winds
of Senayan and a prestigious
new residential development
along Jalan Sudirman Jakarta.
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Jones Lang LaSalle has been
appointed exclusive marketing agent for this upcoming
luxury development. The
three residential towers will
be part of a Grade-A mixeduse development. The two
major shareholders behind
PT Bramayasa Bahtera are PT
Astra International TBK and
Hongkong Land. Rowe says
early take-up and enthusiasm
for both projects are beyond
the firm’s expectations.
Contact Jones Lang LaSalle
Indonesia, Indonesia Stock
Exchange Building, Tower 2,
19th floor, Jl Jend. Sudirman
Kav 52-53, Jakarta 12190, Indonesia. Tel: (+62) 21 2922 3888.
Alternatively, visit the website:
www.jllresidential.com/id
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