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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.
Too cool for school Patong boutique hotel Ella
www.theellagroup.org
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CENTEL 33.25 - 1.50 %
DTC 55.50 + 0.25 %
ERW 3.96 - 0.06 %
GRAND 1.29 - 0.01 %
LRH 33.00 + 0.75 %
MANRIN 26.25 0.00 %
MINT 25.00 + 0.50 %
ROH 28.50 + 2.50 %
SHANG 55.00 + 0.50 %
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