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Jakarta property market still down, but recovery is near

Posted on 30 July 2009

From Thejakartaglobe.com: Jones Lang LaSalle said Jakarta’s residential market has yet to recover from the global economic downturn, with figures for property sales and leases down dramatically compared to last year.

“Sales of apartments are still down, while new unit leasing also declined during the first half of this year,” Anton Sitorus, head of research at PT Jones Lang LaSalle Indonesia, said on Wednesday………Full Article: Source


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