Executive property expo to be held here
Executive property expo to be held here
JAKARTA (JP): Buoyed by optimism about local investment, four
property companies and the Batam Development Authority will hold
a property exhibition, called Executive 2000, from Aug. 20 to 28
in the atrium of Plaza Indonesia, Central Jakarta.
Peter Chan, vice president of Bonauli Group, said the local
property market still looks promising.
Chan cited as an example the development of Bona City, a
housing project built by the Bonauli Group in Cilegon, West Java.
"Cilegon is a safe investment place because of its high growth
rate and its status as an industrial area."
Robert Couchman, the marketing agent for the Bonauli Group,
said he is optimistic that the local properties can compete with
foreign ones due to the favorable investment climate especially
considering the over-heated economy in China and impressions of
tight investment policies in Malaysia.
"Moreover, Indonesia's property prices are one-third of
Singapore's and one-tenth of Hong Kong's," Couchman added.
The property companies, such as the Risjad-Brasali Group,
currently building the Pangeran Jayakarta apartments, and Tering
Bay Resort, which specializes in real estate development in Batam
Island, hope to attract investors for their clubhouses, shop-
houses, apartments, houses as well as members of golf clubs.
The exhibition, which will include properties in Jakarta,
Bekasi and Batam Island, is distinctive because it targets not
only the upper class.
Pieter Arifin, assistant manager for marketing and business
development of PT Adicipta Griyasejati, the developer of the Duta
Harapan housing complex in Bekasi, said the Rp 44 million-per-
unit houses in the regency bordering eastern Jakarta, for
example, are aimed at middle-class buyers.
The Batam Development Authority will participate in the
exhibition to give information about developments in Batam
Island, said Jonas Hutasoit, exhibition manager and the marketing
manager of Tering Bay Resort.
Several banks will open stands at the exhibition to give
information about housing credits at interest rates below 15
percent. (18)