Originally Posted By: chewwyUK They may be selling but how many are being lived in? this is the big questions. i would guess, not many. just take a look at any apartment block at night, and see how many lights are on. you'd be lucky to see 25%. indonesians don't seem to like apartments all that much. most are sold as "investments", or as places for illicit trysts or isteri gelap. and of course, lack of a maintenance culture does not help.

Interesting figures but it still seems to me that the same small % of Indonesians are buying up big in the apartment market. They may be selling but how many are being lived in?

Following Vice President Jusuf Kalla's latest criticism of the reluctance of local banks to provide more lending to the real sector, the central bank has pitched into the act, urging foreign lenders operating in the country to increase their corporate lending. Bank Indonesia (BI) Governor Burhanuddin Abdullah said that like local banks, foreign lenders should also provide more lending to companies so as to help spur business activities.

After missing the March deadline for submitting a draft law on special economic zones (SEZs), the government says it is still working out details on issues such as incentives and facilities.

The residential property market, particularly condominiums and apartments, has displayed remarkable growth both in supply and demand as upbeat developers have started to take advantage of the downward trend in lending rates. The lending rate, which reached just above 18 percent at the beginning of 2006, dropped significantly to between 9 percent and 13 percent by the end of this year's first quarter amid signs of improvement in the country's economic indicators, especially interest rates.

KUALA LUMPUR (AP): Malaysia's Zelan Holdings is bidding for another 2 billion ringgit (US$571 million, euro476 million) power plant project in Indonesia as well as one in Botswana in southernAfrica, a report said Sunday. In February, a Zelan-led consortium won a 2.12 billion ringgit (US$606 million; euro505 million) project to build a coal-fired power plant in Rembang in the Indonesian province of Java.