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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:
Laguna Phuket has become the first Asian destination or integrated resort to attain EarthCheck's Silver certification.
Soneva Resorts and Residences has bagged been declared the winner of the WTTC (World Travel and Tourism Council) Environment category in their global awards.
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