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Japan puts Indonesia as the Most Favorite Country

Japan puts Indonesia as the Most Favorite Country

Japanese developer, PT Marimo Property, considered that Indonesia has a high prospect market compared to other countries in Southeast Asia. It was not only because the population is most dense which requires multi-million residential but also the increased purchasing power of the country.

Director of Marimo Property, Nobuyuki Okimoto said that Japanese puts a lot of interest in Indonesia property prospect.

Okimoto mentioned that Indonesia is number one in Southeast Asia. The booming property markets are everywhere: Jakarta, Bekasi, Depok, Bogor, Tangerang, also other cities. Development is happening on every inch of land. Countries such as Thailand, the Philippines or Vietnam are not as dynamic as Indonesia.

the price growth for upscale properties in Indonesia in increased by 37.7 percent, which is the highest in the world. As for the middle and lower class properties, according to research from Colliers International Indonesia and JLL in the range of 15 percent to 20 percent .

Okimoto said that property growth was driven by increased needs in all segments: both the lower class, middle, and upper. “The property that is now not able to meet the needs of the market . Was a great opportunity for us to build a property in Indonesia, " he added.

Although the growth rate is not as fast as the price of two years ago because of a policy tightening Bank Indonesia on loan to value ( LTV ) or loan to value ratio between the value of the collateral, but Okimoto regarded it as an appropriate step .

Since entering the Indonesian market in 2012 ago, Marimo Property has been building and managing properties with two types of serviced apartments. The second property is the Sun Crest Residence which is a collaboration with Sinarmas Land Group in the area of development Deltamas City, and the M Gold Tower kerjabareng results with PT Metropolitan Land Tbk .

Marimo Property is not the first Japanese developer that put a huge interest in Indonesian property market. Previously there were Mitsui Corporation, JAL Hotels Corporation, Tokyu Land, Sumitomo, Kyoei Corporation and Shimizu Corporation.

Updated : 2021-05-18 20:05 GMT+08:00