| Based on data amassed in May from five property developers — Bumi Serpong Damai, Lippo Karawaci, Summarecon Agung, Ciputra Development and Alam Sutera — there is a persistent strong demand for domestic property products with marketing sales reaching Rp 4.9 trillion (US$568.4 million) year-to-date (ytd), about 38 percent of a total sales target of Rp 13.5 trillion for 2011.
This robust trend is supported by historically low interest rates and the appreciation of the rupiah..............................................Full Article: Source
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