Singapore continues to invest in Indonesia demonstrating their confidence in the country.
Property in Indonesia is proving to retain its attractiveness as an investment asset. Having enticed investors thanks to its appeasing market conditions that include a growing economy, a burgeoning middle class and rising urbanisation. Overseas investment is nothing new to Indonesia and even Taiwan has earmarked the country as a place for growth.
However Singapore continues to top the charts being the most active player in this emerging market. Being lured in thanks to the country’s development in infrastructure as well as its hike in Standard & Poor’s rating to ‘investment grade’. Investors include individuals but also successful property firms looking to expand their wings. Singaporean firm CapitaLand is no stranger to Indonesia. Recently it announced plans to expand its Ascott brand across the country adding more properties to its portfolio.
Singapore has long since cast an eye over Indonesia for potential. Other developers include Keppel Land and Pollux Properties. The former who invest in property and develop in the region including China, Vietnam and Myanmar across residential, commercial and hotels. This month they have recently snapped up a central business district in Jakarta. Costing IDR 586 billion, the company made the purchase from Indonesia’s Bank Central Asia and is an another example of the sheer confidence overseas investors have in Indonesia’s market.
Pollux Properties aim to produce premium real estate projects with an emphasis on luxury properties. A concept that the developer is transferring to Indonesia.
