Pulogadung priciest plant site

JAKARTA (JP): Pulogadung in East Jakarta is currently the most expensive area in Greater Jakarta to locate a factory.

Prices range from US$207 to $220 per square meter, while areas in Bekasi and Tangerang range from $45 to $100 per square meter, a monthly property report said.

The June report of property consultant PT Colliers Jardine Indonesia's also concluded that for the past year foreign investors have been increasingly seeking small sites of 0.5 to two-hectare plots.

Demand has also soared for leased plants, which go for $42 to $96 per square meter. Warehouses are leased at $36 to $48 per square meter.

"The number of ready-for-use factory buildings is still limited," the Jakarta Property Market Review said.

The report noted additional sites include the 1,000-hectare Suryacipta industrial town, 55 kilometers east of the capital.

According to plans, 470 hectares of the plot will be reserved for factories, with prices from $50 to $55 per square meter.

Another site under construction, the Karawang 2000 industrial zone, will cover 250 hectares. A square meter will sell for $45 at the industrial park. (anr)