| January's slew of issuances from Chinese property developers belies the fact that Asia boasts a number of other real estate markets with favourable growth prospects. Indonesia, in particular, has excited analysts and investors alike. In the third quarter of 2012, the economy expanded 6.2% year-on-year, prompting Barclays in December 2012 to revise upward its GDP forecast for the year as a whole to 6.2%.
Nominal income growth exceeded 16% YOY in June 2012 and served as a strong conduit for consumer spending growth, which expanded 5.7% YOY - contributing 3.1% to overall growth. Per capita income nears US$4,000 in the beginning of 2013 and has exceeded US$11,000 in the capital Jakarta...............................................Full Article: Source |