Wed, 29 Dec 2010

TEMPO Interactive, Surakarta:The property market in Central Java is projected to grow rapidly next year. “I am convinced the property will grow. One of the reasons for this is an improvement in people’s purchasing power,” Adib Ajiputra, deputy chairman of the Central Java Indonesian Real Estate Organization, said yesterday.

Other indicators, Adib said, included a strong and stable economy and the decision by the government to offer remunerations to offices such as the Indonesian Armed Forces and the Indonesian Police.

Property targeting the lower to middle income group will be the fastest growing sub-sector. “The price of that property is below Rp100 million,” he explained.