Condominium not for expats<\/p>\n
This is in response to Jeremy Duncan Roy Gibbons' letter on
\nAug. 27, 1994. I have the impression that Gibbons is ill informed
\nabout conditions in Indonesia. Being a developing country does
\nnot mean that all the people are poor, all hoping to get money
\nfrom expatriates.<\/p>\n
According to a report in Newsweek there are currently about 20
\nmillion Indonesians who can afford a big house, who can eat in
\nexpensive restaurants and have at least one car in their garage
\n(more than the whole population of Australia).<\/p>\n
Most people who are spending Rp 200 million for a condominium
\nin the city already have a Rp 200-million or more villa in the
\nsuburbs. Relatively very few who bought these condominiums are
\nwaiting for expatriates to rent them. Most of these buyers want a
\nsecond home in the city for their children to have a residence
\nwithin walking distance of campus, or a place in the middle of
\nthe city for a change.<\/p>\n
I know of hardworking doctors in remote islands outside Java
\nwho bought an apartment on installment. Ten years from now when
\ntheir children need higher education they will have a place where
\ntheir studying children can live which is not too far from their
\nschools.<\/p>\n
All these people don't care whether expatriates are coming or
\ngoing and will not rent their place to them.<\/p>\n
A few of them who are waiting in vain for expatriates
\nwill ultimately switch to a better deal by selling their
\nplace to other Indonesians who are waiting impatiently for a
\nchance to own a condominium.<\/p>\n
Sumarsono Sastrowardoyo<\/p>\n
Jakarta<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/condominium-not-for-expats-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }