Indonesia property market lures growing Gulf attention
The Indonesian property market is increasingly getting into the focus of international investors, among them companies from the Middle East, trying to benefit from the country’s newly-found political stability and favourable economic outlook under the present liberal government of President Joko Widodo. With a large number of private developments and government-funded infrastructure projects, as well as relaxed property ownership laws to expect, the sector has received a boost. Adding to this is the growing purchasing power of the Indonesian middle class which has raised demand for a lot of new residential housing projects particularly on the island of Java, the country’s main economic hub.
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