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Indonesia Real Estate Rents Skyrocket

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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.

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