Apartment market to improve

Apartment market to improve

JAKARTA (JP): The apartment market in the capital is expected
to improve from 2001, according to the latest property market
update issued by PT Procon Indah/Jones Lang LaSalle.

The demand for apartment rentals is expected to improve from
2001, assuming social and political stability returns in mid
2000, the company said, clarifying an article on the business
page of The Jakarta Post's Sept. 17 edition.

The article, based on the company's Biweekly Indonesia
Property Market Update, said the apartment market was expected to
fully recover in 2001.

The article also said the demand for apartment rentals in the
capital may return to the precrisis level in 2001, if the
country's social, political and economic climate stabilizes. (hen)