Indonesia property demand will cool: Jones Lang LaSalle

DEMAND for apartments and office space in Indonesia's capital is expected to come off the boil - ever so slightly - in the coming months as would-be buyers take a "wait-and-see" approach amid tougher lending requirements, the precipitous fall in the rupiah, and as they wait for the policies of the incoming government following next year's elections.

"We will see tempered rates of growth in rents and property prices for this year," said Luke Rowe, senior technical adviser for residential project marketing at Jones Lang LaSalle.

"We were talking about property bubbles not long ago. That is an unlikely scenario."