Jakarta shapes up to be Asia's hot property market
In the Indonesian capital of Jakarta, not even the notorious traffic congestion can slow the voracious demand for property.
Roughly 10 million people live within the urban core of this vast city while a further 28 million populate the suburbs.
With affluent cash-buyers
and local businesses driving the housing market at a rapid pace, anyone
with a hope of climbing on the property ladder has to move fast to
secure value.
"The prices go up really quickly," said Afifa Loutfie Abdousaalaam, a local property investor.
"If you think 'oh you
know I don't have enough money now,' you're not going to then catch up
with the race because property prices in Jakarta go up above 10% a
year," Abdousaalaam added.
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