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Posted: 06 Dec 2012 | 6:00 am
Positive investor sentiment and a bullish Indonesia economy are spurring residential rental rates in Jakarta by as much as 15% over 2011.
Much of the rise is being attributed to expatriates taking up Grade A rent stock in the overflowing CBD area.
Commenting on the trend Colliers Indonesia says that the pressure is likely to continue given that non-resident foreigners are not allowed to own property in the country and are forced to rent versus purchase.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
Up and coming Hong Kong interior design firm Eggspace have created an intimate green hotel in Boracay.
A recent post on Hotels Magazine online site talked about the relationship between hotel eco-certifications and operating efficiency.
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