The Jakarta Post, Jakarta<\/p>\n
Net take-up in 36 industrial estates in Greater Jakarta has doubled in the first semester from the previous period, a report by property consultant Procon Indah shows.<\/p>\n
During the January-June period, 58.22 hectares of land were sold, pushing up land absorption in industrial estates in Jakarta, Tangerang, Bekasi, Karawang, Purwakarta, Serang and Bogor to 112.58 hectares -- the highest in two years.<\/p>\n
Ringan Siregar, a Procon manager, said Wednesday demand came from both local and overseas investors. International investors were mostly from Japan, South Korea, India, Italy and Singapore.<\/p>\n
\"By sector, demand was mostly absorbed in such sectors as automotive, logistics, spare parts, consumer goods and metal,\" Ringan said, adding the slightly lower prices may have played a part in the high demand.<\/p>\n
Selling prices in the period averaged Rp 418,506 (around US$45) per square meter, as against Rp 438,256 per square meter in the second semester of last year.<\/p>\n
Of the seven cities, Bekasi sold the most land, totaling 67.9 hectares, the report said, despite land there being more expensive than in the other six cities.<\/p>\n
Selling prices of land in Bekasi averaged Rp 533,009 ($57) per square meter. The cheapest was in Serang, averaging Rp 338,365 ($37) per square meter.<\/p>\n
The report's findings should partly ease concerns over the impacts of the May fuel price increases on the country's real estate sector, including economic activities in industrial estates.<\/p>\n
\"Economic variables such as the fuel price rises and currency fluctuations are expected to result in only temporary impacts on demand for industrial land in general,\" it said.<\/p>\n
Turning to the second half of the year, Ringan said the outlook looked fairly good, with prices likely to remain stable and demand -- mostly from local businesses -- to stay active.<\/p>\n
\"The price average is estimated to remain stable, with changes to be caused only by the fluctuation of the rupiah against the U.S. dollar,\" the report said.<\/p>\n
It revealed also that previous data show local investors tend to actively look for small and medium-sized blocks of industrial land, while foreign investors seek land on a larger scale.<\/p>\n
For 2009, demand for industrial land may be especially high in Bekasi, Karawang and Purwakarta in relation to plans to construct a turnpike connecting Cikarang and Tanjung Priok.<\/p>\n
Cumulative land supply in the seven industrial estates as of the end of June stood at 7,549.4 hectares. (ewd)<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/demand-for-industrial-land-robust-in-h1-procon-1218179456", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }