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Indonesia Real Estate Rents Skyrocket

Category: Real estate, Posted:06 Dec 2012 | 06:00 am

Positive investor sentiment and a bullish Indonesia economy are spurring residential rental rates in Jakarta by as much as 15% over 2011.
Much of the rise is being attributed to expatriates taking up Grade A rent stock in the overflowing CBD area.
Commenting on the trend Colliers Indonesia says that the pressure is likely to continue given that non-resident foreigners are not allowed to own property in the country and are forced to rent versus purchase.

Other News

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“Bangkok is Back“ Online Event Hears from Tourism and Hospitality Experts

Category: Hotels|Tourism, Posted:24 Nov 2021 | 11:41 am Before the pandemic, Bangkok was the most-visited city on the planet – a thriving hive of energy and activity which attracted over 22 million international visitors per year. Then, without warning, it all went quiet. Now, following the long-awaited reopening of Thailand’s borders on 1st November 2021, Bangkok is back. The city is welcoming the […]
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It’s All About Bangkok, Hua Hin and Thai Food

Category: Tourism, Posted:22 Nov 2021 | 09:29 am Manic Monday is here again. Just one day to go until the 45-minute fast-paced Bangkok is Back  – The Travel, Tourism and Hotel virtual event. There is still time to sign up at – Sign up C9 Hotelworks and our friends at Delivering Asia Communications have been busy getting the latest ideas and trends in […]
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Best Western Signs Layan Phuket Hotel

Category: Hotels, Posted:14 Nov 2021 | 12:15 pm The Layan Green Park mixed-use development has entered into an agreement with Best Western under their WorldHotels arm. WorldHotels has four brands and for Layan will be under their Distinctive Collection. With 403-keys, the property is slated to open and the end of next year. A noteworthy aspect of the project is the attainment of […]