Nicholas Holt, the director of research at Knight Frank's Asia-Pacific division, said that prices in Indonesia's housing market were projected to grow more than ini any other Southeast Asian country, with consistently rising prices in all housing segments.
"Stable economic growth, controlled inflasion and a huge middle class that needs housing will support property growth," he said. According to survey by Bank Indonesia, housing prices in major cities grew 3.6 percent in the first quarter this year compared to the same period last year. However, housing price growth slowed 0.8 percent in the first quarter this year compared to 1.2 percent growth in the fourht quarter of last year.
Source : The Jakarta Globe
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