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Property market builds momentum in Indonesia

Posted on 06 March 2013

As with other economies around the world affected by the global crisis, growth slowed in Indonesia in 2012. However, the property market is bucking the national trend, with large real estate developers planning a wave of new construction and mid-sized companies launching office and apartment projects.
Statistics Indonesia said in January that growth in the final quarter of 2012 was 6.11%, compared with a revised 6.16% for the third quarter. Analysts have cited declining exports, a weakening rupiah and a growing current account deficit as reasons for the decline………………………………………..Full Article: Source


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