The surge in the middle-income bracket is predicted to have a positive impact on the growth of property in 2015, also favored by the development of much-needed infrastructure, such as toll roads in several regions.
The prospects of the Indonesian property industry for 2015 are predicted to remain positive, driven by demand for products catering to the middle-class segment. The middle-class segment in 2015 is expected to grow to 90 million people, reflecting high purchasing power, according to an analyst.
The prospects of the Indonesian property industry for 2015 are predicted to remain positive, driven by demand for products catering to the middle-class segment. The middle-class segment in 2015 is expected to grow to 90 million people, reflecting high purchasing power, according to an analyst.
The population grows 1.49 percent annually, leading to rising demand for residential property. “However, discrepancy between supply and demand for residential property reached around 15 million units in 2013,” the analyst said in a discussion themed “Housing Estate-Property Prospect and Business Opportunities 2015” held by Kompas.com recently.