Indonesian property sector still attracting foreign investors

Jakarta (ANTARA News) - Foreign investors have shown keen interest in the Indonesian property sector, according to the international property consultant Jones Lang LaSalle (JLL).

"Amid the gloomy property market now, foreign investors are still showing high interest in making investment in the Indonesian property sector," JLL Indonesias Country Head Todd Lauchlan noted on Wednesday.

He affirmed that several foreign investors are seeking opportunities to invest in the Indonesian property sector through cooperation or direct purchase.

The Indonesian Property Watch (IPW) had earlier reminded the government on the importance of focusing on the development of middle and luxury class housing complexes.

"Housing for the middle and lower income segments can serve as the savior to withstand the conditions in the housing market, so that it would not fall further," IPW Executive Director Ali Tranghanda pointed out.

Therefore, the government is accelerating the development of houses for the people in the lower income group.

The housing development program could be accelerated by increasing funding sources.

He added that the Housing Financing Liquidity Facility funds, amounting to Rp5.1 trillion, to finance the construction of 68 thousand houses had been utilized as of July 2015.(*)