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    Foreign developers have more intensive to look into the property market in Indonesia following the high local economic growth and the planned issuance of foreign ownership rights on properties in Indonesia


    PT Pembangunan Perumahan Tbk (PP) keeps expanding its business in property sector


    PT Intiland Development Tbk through its subsidiary, PT Intiwhiz International this year will construct nine hotels in eight cities.


    The government is offering two shipyard construction projects worth IDR15.3 trillion in Java and Sumatra to Asian investors


    At least 18 foreign investors intend to work on the property sector in Indonesia through acquisition or partnership


    Lippo Group announced that it had increased its stake in the developer Lippo Karawaci by buying 2 percent of the property company’s shares for Rp 338 billion


    Two Japanese and two Chinese companies finalize bids for Central Java steam power plant valued at IDR 30 trillion.


    Lippo Karawaci announces a record 25% increase in revenues through home sales and healthcare development; trend to continue throughout 2011.


    The average price of industrial land in Greater Jakarta and West Java grew in the first quarter of this year.


    Office spaces at central business districts (CBD) for the first quarter of 2011 were absorbed by 84% or 144,000 square meter (sqm).


    South Korean firm Daewoo Engineering & Construction plans to build a Rp 2.5 trillion ($290 million) power plant in North Sumatra.


    A South Korean-based construction company, GS Group Construction realizes a consortium with construction companies from other countries to build Sunda Strait Bridge (JSS).


    Sales in first quarter of 2011 reached 10,28 million tons or increased 6% compared to similar period last year.


    The government targets market capitalization of national construction sector upwards IDR 200 trillion to break the capitalization target of IDR1,200 trillion between 2011 and 2014.


    The Indonesian developer  seriously continues to tap the low budget hotels or widely known as cheap hotel market that follows the rising of its potential market.


    There is an increase in global property investment of at least 60% or US$310 billion (IDR2,725.83 trillion) during 2010, compared to the previous year.

    PT Semen Bosowa plans to invest US$300 million to elevate production capacity to 5 million ton annually in 2014, as domestic cement market remains potentially big.


    Demand on space retail market in Jakarta is predicted to rise 4-5% than last year. Space retail market in Jakarta will be comparable to other property sector growth


    Government has issued fiscal policy that facilitates investor such as guarantee for investor


    This can attract foreign investor to invest in property industry in Indonesia

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