COMMENTARY

Property Cycles And Development Outlook

The Indonesian economy has been flourishing in the past five years, thanks to huge investments in infrastructure, energy and residential projects. What does the next stage of the cycle hold for the country’s property development and construction sectors? 

In general, how would you describe the property and construction development scene in Indonesia over the past five years?
Property and construction development has grown tremendously over the past five years. We saw construction and development progress significantly, creating a new landscape in Jakarta and other parts of Indonesia.

Between 2011 and 2014, the market response was very positive as demand was healthy, supported by new supply. Consumers enjoyed a variety of product, according to their needs and budget.

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