The Business Times
SUBSCRIBERS

Foreign developers bet US$2.8b on Indonesian residential property

Easing of mortgage rules seen boosting demand for homes; developers target young couples

google-preferred-sourceAdd BT as a preferred source
Published Thu, Dec 29, 2016 · 09:50 PM

    Jakarta

    FOREIGN property developers, led by China Communication Constructions Group (CCCG), made the biggest investment in Jakarta's residential property in nearly a decade this year as they bet on relaxed mortgage rules boosting demand.

    CCCG's US$1 billion eight-tower complex is targeting young middle-income Indonesian couples and is one of the largest in the capital.

    Share with us your feedback on BT's products and services

    Feedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More