Condo market heading for another boom
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.