The strong economy and improved investors' sentiment have significantly increased demand for office space in Jakarta's CBD area, which have shot up office rents and occupancy rate to 95% in 2011. Meanwhile, rising domestic consumption has encouraged retailers to expand their business, leading to higher occupancy levels and rental rates of retail space. The country's improved tourism sector has also stimulated hotel development projects, ranging from 3-star to 5-star hotels.
Blessed with gains...
Keep on reading: Indonesia’s property prices projected to grow in 2012
Keep on reading: Indonesia’s property prices projected to grow in 2012