Indonesia Real Estate Report 2015
BMI View: Growth in Indonesia in both the economy and real estate market size will, in our view, be goodover the coming years, with international investment picking up in the retail and industrial sectors.
Indonesia has enjoyed a period of sustained economic growth. Trends are positive going forward with theexpectation that as the country's growth gathers momentum, so will income and spending, particularly in themiddle-classes promoting demand in the retail and industrial real estate sectors.
Jakarta is the largest city in the country and the capital, and stands as the cultural, business and commercialcentre in the country and is home to the political and financial headquarters in the country. As aconsequence, the city enjoys its position as by far the most established city in terms of real estate in all subsectors.
Bandung is the third largest city in the country by population and has an economy supported by thetourist industry, as well as the manufacturing and textile/apparel sectors, education institutions, and sectorsincluding technology, retail, services, agriculture, and pharmaceuticals. Bali is one of the most populartourist destinations in the country and as a consequence, the economy is built primarily on this industry,followed by agriculture.
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