• PROVIDING A STRATEGIC ADVANTAGE Through Technology & Processes
  • EXPERIENCE QUALITY Under One Brand with A Single Point of Control
  • UNITING LOCAL COMMERCIAL Real Estate Experience with Global Execution
  • DELIVERING RESULTS Through Collaboration & Integration

Indonesia

    Indonesia

    Indonesia is the world’s fourth most populous country and the largest Muslim country in the world. It is primarily a service based economy with manufacturing and agriculture making up the bulk of the remainder. The country has extensive natural resources, including crude oil, natural gas, tin, copper, and gold. Indonesia's major imports include machinery and equipment, chemicals, fuels, and foodstuffs. Indonesia has many natural resources; however they are not privatized and foreign investors have not been encouraged to strengthen the development of this sector of the economy.

    Indonesia's real estate market has not seen any new supply come on the market in the last few quarters. Demand in year 2009 isprojected to decline with the global crisis that mainly hit thefinancial-related sectors. Leasing inquiries are also expected to decrease,with most businesses becoming very ‘cost conscious’. This will lead to a higher vacancy rate and a continued depression of real estate values in US dollar terms.