Investors remain bullish on Jakarta property

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JAKARTA: Investors continue to show strong interest in properties in Jakarta and the surrounding Greater Jakarta metropolitan area despite the construction of the country’s new capital located in East Kalimantan, according to property consultancy Jones Lang LaSalle (JLL) Indonesia.

Greater Jakarta was a prime target for these players, Rully noted, but investors remained “picky” with the location chosen and the size of the location chosen.

The real estate market within Jakarta and its periphery area has remained robust as it is mainly driven by commercial considerations rather than external influences, such as Nusantara, he explained.

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Category: EconomyBusiness

Markets: MalaysiaIndonesiaJapanOmanUnited States

Topics: Jakarta /Business/Business News Property Investment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-13 @ 00:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 790 words

Reading Time: 5 minutes read

Sentences: 23 lines

Sentence Length: 35 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22050767

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