More Aussie property marketed here

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)