Jakarta condo market moving to alarming level
The condominium market in Jakarta is said to have been moving to an alarming level. In the one hand, some property brokers face difficulty in selling new condominium projects. On the other hand, developers have not showed any signal to halt the development of new condominiums in Jakarta, at least for the next 1-2 years.
The supply of new condominiums during 2007-2009 is estimated to reach 34,773 units. Observing the figures of the first quarter and the second quarter of 2007, the condominium market in Jakarta was relatively stable. Read more
November 2007 Edition
