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Asia Property Report - May 07 - News
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Jakarta´s private property market faces an impending glut in new condominium units in the coming years as investors are adopting a wait-and-see attitude pending the global economic recovery and the results of this year’s election process, according to DTZ.
DTZ figures show that total cumulative supply of condominiums in Jakarta CBD rose by 20.7 percent from 15,000 units in 2007 to 18,100 units in 2008.
Notable new completions included the 1,700-unit Thamrin Residences in June 2008.
Majority of the supply are middle-class condominium projects while high-end condominiums are in limited supply.
According to DTZ, only 7,000 high-end condominium units are in the pipeline up to 2011.
Some of these developments include Ciputra World Jakarta, Kuningan City by Agung Podomoro Group, The Wave and The Grove by the Bakrie Group.
Despite the economic slowdown, the overall absorption rate of high-end condominium projects in the CBD remained high at 88.3 percent for the period ending fourth quarter of 2008.
DTZ said this was due to their limited supply and relatively strong purchasing power of the well-to-do communities in Jakarta as most purchases are financed by equity.
DTZ notes that some developers have already postponed their launches in response to the economic slowdown
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| Apartment / Condominium - Malaysia |
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Villa - Eastern Seaboard |
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House / Townhouse - Malaysia |
Price :
3,300 USD
Pavilion_Residences comprises two elegant high-rise towers of 368 elite residences set amidst a 7-acre sky park overlooking the city. Being a part of Kuala Lumpur’s latest mixed-use urban development, Pavilion_Kuala_Lumpur, automatically makes it one of the prime real estate investments of its tim |
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Price :
3,737,725 THB
House model Prailinn is a nice and comfortable L shaped house. Generous open design with kitchen and living room in a one-room.Bedroom with a view over your own garden.
1 storey villa, open design. 2 rooms, 1 bathroom, 1 bedroom, terrace, 24 sqm covered with an roof fan.
Well planned co |
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Price :
911,765 USD
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