Indonesian Real Estate

[why is it up]

I am on business in Indonesia, just took a look at the property market here, its doing rather well I must say. 

Properties in Kemang, Thamrin and Kuningan for example have shot through the roof.  Their economy is literally raging ahead.

No sign of a downturn here.!

[Agent007]

Just like Singapore, no signs here either and not likely to be!

Don't miss the boat.

[GoingUpAgain]

Once again, property developer SC Global Developments has set a new record price at The Marq on Paterson Hill, selling a 3,003 sq ft, four-bedroom apartment in the Premier Tower for about S$20.5 million (S$6,850 psf).

This surpassed the previous record set in August for S$6,394 psf, which in turn topped the May record of S$5,842 psf.

[economist]

Indonesia is a large country with massive natural resources. It has always proven to be a resistant market in recession. Indonesia has a lower starting point for future growth too.

The wise thing to do now would be to sell your Singapore property (if you haven't already sold) and invest in Indonesia.

[wont happen]

Yes but singapore will always be the centre of asia as all the financial powerhouses are located here.  Singapore will grow too and all the investors from Indonesia will come here to buy probably.

[SiaoTinDong]

Nobody in his right mind invest in Indonesia property.

1. restrict foreign buyer
2. tax is crazy
3. growth is negative if you take in inflation
4. interest by banks is >10%
5. infrastruture is horrible
6. safety or the lack of
7. oversupply everywhere
8. traffic jam everywhere
9. rubbish everywhere

[why is it up]

I personally like Indonesia and it is safe if you avoid the low life.