Where to Buy Property in Jakarta, Indonesia

The hot and humid busy city of Jakarta is the capital of Indonesia. Also the largest city in the nation, it holds the record for being the most populated city in Southeast Asia and 12th largest city in the world and the second largest metropolitan area in the world. Jakarta’s first name was Sunda Kelapa, then Jayakarta, then Batavia and finally Djakarta before it became Jakarta in 1972.

As it is the political and economic capital of this Asian archipelago, Jakarta pulls many foreign and local settlers. This mix has created it to become a crazy cosmopolitan city with an equally crazy mix of cultures. Jakarta is called “The Big Durian” by expatriates living in the city. The durian is a tropical fruit with a strong distinctive smell and is an acquired taste.

Property Industry to See Positive Growth in 2015

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 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. 

Sold Out at Gading Serpong

This area has its own strong attraction since it has been being a new economic hub in Jabodetabek. No wonder if Paramount Land keeps developing the property aggressively there.

The investors' attention toward gold seems to be shifted, gold investment hedging is considered to be no longer sexy. In the meantime, the composite stock exchange index is fluctuating and tends to be weakened, since it is mostly pressured by foreign selling. Consequently, the investors today turn to property investment which has proven to be profitable. In history, the property selling value is never decreased, but continuing skyrocketed every year without stumbling, instead.