Foreign Investors Eye Low-Cost Apartments
Several foreign investors have shown interest in investing in low-cost apartments for rent, to be built in various regions in Indonesia, Housing Minister Yusuf Asyari said, according to Antara.
"Several foreign investors have already come to Indonesia, including from Malaysia and the Middle East, while others are still in the process," he said at the completion of the "Elnusa" integrated village restoration program.
He hoped the investors would cooperate with local companies who know much better about the regulations governing such project.
He said several apartment buildings have already been built in some cities for students to rent, such as those in Medan, Batam, Padang and in cities in Java.
He said the land for the construction of apartments for rent may belong to local administrations or state-owned companies.
"Several foreign investors have already come to Indonesia, including from Malaysia and the Middle East, while others are still in the process," he said at the completion of the "Elnusa" integrated village restoration program.
He hoped the investors would cooperate with local companies who know much better about the regulations governing such project.
He said several apartment buildings have already been built in some cities for students to rent, such as those in Medan, Batam, Padang and in cities in Java.
He said the land for the construction of apartments for rent may belong to local administrations or state-owned companies.