Sat, 16 Oct 2010
From:
VIVAnews - Property assets have become the main source of Indonesian milioners to raise their wealth significantly.

According to the "Credit Suisse Global Wealth Report", Indonesia is included one of the countries worldwide recording significant growth in millioners' wealth.

Indonesia, China and India hit the fastest growth in their people's wealth in line with the rapid economic growth of the three countries. Total wealth of 150 million population in Indonesia reaches US$1.8 trillion.

Credit Suisse mentioned that the average wealth of Indonesia's grown-ups in 2000 was still at around US$2000. However. 10 years later, it has increased fivefold to US$12,000.

"During the crisis, the value of property assets fell. But within the last decade, the value of property assets taking the form of land and buildings has recovered," Credit Suisse claimed. In addition, almost 90 percent of wealth belonging to Indonesian people are on property.

In many developing countries, such as Indonesia and India, it is common that people invest in property while in the United States and Japan the investment is mostly on shares, fixed deposit, and other financial instruments.

Today, according to the agency, the average wealth of Indonesians is US$12.1 thousand. As many as 60 thousand Indonesians own a minimal wealth of around US$1 million.

25 percent of around 150 million population in Indonesia have wealth valuing US$1,000. Most Indonesians own around US$5,000 to US$25,000 of wealth.



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