More Aussie property marketed here

JAKARTA (JP): PT SuryaPrapta Indah, a real estate consultant and agent, will hold Australian property exhibitions here and in Bali to tap what it considers to be a large number of potential buyers among high-income Indonesians.

On Saturday and Sunday, SuryaPrapta, which has held dozens of Australian property exhibitions, will market in Jakarta and Bali apartments in Melbourne at prices ranging from US$114,700 to $887,260.

The company's manager, Steve J.S., said yesterday that the property, the 25-story Southbank Towers, is being developed by Central Equity (CE), a publicly-listed property firm in Australia.

He said that the property is situated in the center of Melbourne's most vibrant new residential an entertainment area and is a discerning investment opportunity for the future.

Promotions for Southbank Towers will also be held in Surabaya, East Java, and Medan, North Sumatra.

In addition to Southbank Towers, SuryaPrapta, which is associated with Knight Frank and Baillieu, has previously promoted in Indonesia at least nine other properties developed by CE.

"Indonesians are still interested in buying property in Australia, especially in Melbourne, as a student city. Indonesians usually buy property to use it for the residence of their children studying there. Some others lease their property," SuryaPrapta's director Handy Lim B. Bus said.

He added that residential properties in a city like Melbourne are more attractive to Indonesians than properties in resort areas.

According to Handy, about 40 percent of Indonesian investors in Australian real estate have bought more than one apartment in that country. (icn)