TEMPO.CO, Jakarta - Todd Lauchlan, country head for real estate services firm Jones Lang Lasalle in Indonesia, revealed huge interest shown by foreign investors in Indonesian properties.
Lauchlan explained that investors from neighbouring countries, such as Japan, Singapore and China are particularly interested in the logistics and residential sectors.
According to Lauchland on Wednesday, April 5, 2017, infrastructure development and ease of doing business rank improvement initiated by the government can be among factors that attract investment in Indonesia.
Jones Lang LaSalle head of advisory Vivin Harsanso echoed Lauchlan’s comment. Vivin said that the property market in early 2017 has started to become active. However, Vivin said that developers must be cautious in launching new products.
“Several developers restructured their plans and reposition the market to adjust with the current condition,” Vivin said.
According to Vivin, the macroeconomic condition has started to recover as reflected by a healthy economic growth and an increase in the government’s budget for infrastructure developments. Vivin added that government efforts to improve the country’s ease of doing business sparked a hope for the property market in 2017.
Jones Lang Lasalle head of research James Taylor said that retail property market showed a stable occupancy level with limited supplies. In addition, the retail property market showed a favorable performance in the first quarter of 2017.
IRSYAN HASYIM | ALI HIDAYAT
