JAKARTA - Online Real Estate Website, Rumah123, predicts Jakarta will become the biggest real estate market in Asia in 2013, defeating Shanghai, Singapore, Sydney and Kuala Lumpur.
"Jakarta will become the main destination of property in Asia," General Manager of Rumah123, Andy Roberts, said on Tuesday during Asia Property Market Sentiment Report Launch.
The key factors for the success are the rapid growth of middle class with its increasing buying power and stable inflation rates. "Those factors have good impact towards the price consistency in almost all property market in Indonesia, especially in Jakarta," Roberts said.
He added that house ownership in Indonesia is also easier than that of Singapore and Hong Kong. The price of houses in Singapore and Hong Kong is expensive.
The fast-growing property development in Indonesia also increase its property market. For example, many property developers in Jakarta build new houses and apartments. Research conducted by PricewaterhouseCoopers (PwC) and US-based Urban Land Institute also shows that Jakarta will become the first real estate market in Asia in 2013. The findings are good indicator for the future of property market in Indonesia.
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