Property Market Review: From Commodity to Infrastructure Driven

Posted on : Bisnis Indonesia, 19 February 2019
(Certified Property Valuer & Real Estate Analyst at Amin, Nirwan, Alfiantori & Partners Valuation Firm)

A new era of the Indonesian property market began in the 1980s as seen in the development of new towns during the period between 1985 until the 2000s, such as Lippo Karawaci, Gading Serpong, Bumi Serpong Damai in Tangerang and Kota Legenda in Bekasi, east of the capital.

The new towns triggered the property market in the Greater Jakarta as an alternative for most of the middle and lower middle-class. Within a relatively short period the new town development managed to enter the market boom cycle due to soaring demand levels. (more…)