Co-written with Jonatan Hills, CBRE Editor-in-Chief, Research, Asia Pacific
We are already one month into 2019 and throughout January many of our research clients have been asking about our views on what’s in store for the coming year. Here is what we think you should be paying close attention to.
The nominee structure for foreign ownership of freehold land and property in Indonesia is essentially illegal as Indonesian law clearly states only Indonesian nationals can own freehold titles. There are, however, legal alternatives and ownership structures that don't include 'nominees'.
"There are a number of positive pieces of data that should lead to this pent up demand releasing"
From Infrastructure to social and economic policies.
Many companies employing expats are currently only willing to commit to a maximum one-year contract; very few of them are willing to accept two years rent in advance.
The average asking price of apartments in Jakarta was recorded at IDR31 million/m2 (excluding VAT), increased modestly by 0.5% Q-o-Q.
Jakarta doesn't have a comprehensive transport plan and the cost to the economy is huge.The price tag is estimated in the billions of dollars every year in lost time, fuel and health. On top of this the city's traffic was ranked the unenviable title of the world's worst for 2015.
The property market in Jakarta has performed diversly thus far in 2016.
With housing being among the cheapest in South-east Asia, the Indonesia property sector is looks promising.
When Jakarta was named as the city with the worst traffic in the world earlier this year by Castrol, it came as no surprise to the millions of commuters who spend hours on its roads every day.
2015 property review for Jakarta, and the year ahead.