TEMPO.CO, Jakarta – Indonesia's real estate market is expected to remain robust in 2015 and 2016, unaffected by high inflation stemming from the raised fuel prices. "Property is a sector resistant to inflation," said Sebastian Tobing, chief researcher at Trimegah Securities, yesterday.
Bank Indonesia's decision to raise its benchmark interest rate by 25 basis points is estimated not to discourage buyers. Sebastian said a BI Rate of 7.75 percent will not scare off investors from placing their money in the property sector.
A survey of Lamundi Real Estate Agency said that the real estate sector will grow eight percent this year. The survey shows Jakarta will remain as investors' main target, with East Jakarta projected to be one of main areas, says Lamudi Indonesia country director Karan Khetan.
URSULA FLORENE SONIA | ALI HIDAYAT | ARTIKA RACHMI FARMITA (SURABAYA)