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Demand for high-end property to drive Jakarta’s condominium sector

Posted on 12 February 2013

2013 is expected to register positive growth in Jakarta’s property market according to a recent report by real estate management firm Jones Lang LaSalle. Jones Lang LaSalle expects a gradual increase in market occupancy in 2013, which should be followed by steady rental growth in the range of 14-15 percent year on year.
Growing demand for luxury urban living and a low interest rate environment should also drive Jakarta’s condominium market, according to research. Sales will be supported by quality projects attached to international high-end hotel brands………………………………………..Full Article: Source


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