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Real Estate Briefing - Categorized | Developers, IPOs/Stock Market, Market Moves more

Indonesia property market in its prime: Developer

Posted on 27 June 2012

Indonesian property stocks have fallen 18 percent this year from their peaks, but one of the country’s biggest property developers, Lippo Karawaci says the real estate sector is in its prime.
The CEO of the company’s shopping malls division, Michael Riady, told CNBC’s “Cash Flow” on Tuesday that “If you look everywhere there are shopping malls, condos, hotels, all sub sectors are performing really well right now. I think the Indonesian real estate sector today is at a prime time.”……………………………………….Full Article: Source

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