Thu, 17 Dec 2009
TEMPO Interactive, Makassar: The Real Estate Indonesia (REI) has issued the good news that in 2010, Jakarta entrepreneurs will invest in and develop several strategic housings in Makassar .“Investment and property development in Jakarta and Java has reached a saturation point. Next year, property entrepreneurs will invest in East Indonesia area, especially in Makassar,” said Deputy Chief of REI Djoko Slamet Utomo during a “Short Course on Small Scale Housing Development with BTN Financing” in Santika Hotel yesterday.

Djoko explained that East Indonesia, represented by South Sulawesi, is an area with a large potential in the housing sector. This area, he said, still has huge potential to be developed as housing areas.According to him, housing sector development in this area is very enticing with its above average regional revenue and economic development.

The greatest appeal is the availability of green areas in Makassar, its suburbs and in the regions, which are already hard to find in Jakarta and in large cities in Java.“We see that there still are opportunities to build housing near nature and people in Makassar and South Sulawesi,” he said.

South Sulawesi REI Deputy Head of Education and Training Haris Houdy said that there will be eight big developers that will invest in the region next year.
Unfortunately, he declined naming names. But he did said that they will either invest directly or form a partnership with local entrepreneurs.

The plan to invest in the housing sector, Haris said, will be profitable for it will speed up housing procurement and increase competitiveness with local products.”

“This must be considered positive because it will help city development,” he said.

He added that to face competition in property business, local entrepreneurs have to increase their capacity in all areas, because most of them still lack knowledge, education and ability to open a new area.

Two housing types will be developed in 2010, middle and low class landing houses and vertical houses.

Haris asked the government to provide stimuli for housing development area in South Sulawesi. The requested stimuli are several tax cuts which burden local developers.

SULFAEDAR PAY



News Search/Filter
Transaction Rates
24 Nov 17
Buy
Sell
BTC1
108,609,249
108,609,249
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services