Indonesia property stocks gaining favour globally on building boom
Jakarta
FALLING interest rates, an expanding population and a government-sponsored building boom are turning Indonesia into the world's favourite place to buy property stocks.
Developers on the Jakarta stock exchange, including PT Lippo Cikarang and PT Alam Sutera Realty, have the highest average analyst ratings among global peers and the most buy recommendations of any industry group in Indonesia, according to data compiled by Bloomberg. The Jakarta Construction, Property & Real Estate Index has advanced 25 per cent over the past 12 months, twice as much as the nation's benchmark index.
Indonesia's central bank cut borrowing costs in February for the first time in three years, improving th…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
New US home sales jump to highest level since September
Hong Kong developer weighs stake sale in London office skyscraper project
How Hudson Yards went from ghost town to office success story
Private credit for real estate boosting green building premium
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Forrest Li’s wife buys Gallop Road bungalow next to the one he has redeveloped