Performance upscale property industry in Jakarta during the quarter I-2010 really charming.Property research institute Chusman & Wakefield Indonesia reported that upscale apartment project sold well during the first quarter of this year.
Of the total supply that reached 75,000 units, the rate reached 94.1 percent of apartment sales. The figure was slightly higher than the rate of absorption in the fourth quarter-2009 which reached 94 percent.
Of the total 94.1 percent, sales at upscale condo worth over USD 15 million per square meter (m2) reached 65.1 percent. This portion increased significantly from the previous quarter at 58.1 percent of new
Office market is also excited. In fact, its sales reached 24 percent increase from the figures in the fourth quarter-2009.
But, at the same time, sales of owned housing (rusunami) actually lethargic. Storey dwelling to the lower classes are only sold 75.4 percent of total supply, down 2.4 percent from fourth-quarter 2009.
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