Having hit rock bottom, Indonesia property sector poised for recovery

Jakarta

A NEW commercial, residential and retail hub located about 20km north of the Indonesian capital Jakarta - known as Pantai Indah Kapuk (PIK) - is a hive of activity these days.

The second phase of this development, known as PIK2, has witnessed a rapid take-up by both individuals and businesses looking to take advantage of the expected rebound in the property sector as Indonesia continues to recover from the impact of the coronavirus pandemic.