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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:
While John Hardy and his Ubud Green School and Green Village have been at the groundswell of sustainable building materials, the area has sprouted other pioneering initiatives.
While we hope for the best that Phuket's new airport expansion will have some green focus, it's encouraging to view Singapore's Changi as setting a global standard.
CENTEL 33.00 - 0.75 %
DTC 56.50 - 1.00 %
ERW 4.02 0.00 %
GRAND 1.10 0.00 %
LRH 28.75 + 0.50 %
MANRIN 25.00 - 0.50 %
MINT 24.10 0.00 %
ROH 27.00 - 2.75 %
SHANG 48.50 - 1.50 %
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