Indeed, we know that the demands for public housing are still very high."
Jakarta (ANTARA News) - Some members of the Real Estate Developers` Association of Singapore (REDAS) are currently exploring investment opportunity in Indonesia in a meeting with officials of the Investment Coordinating Board (BKPM) and the Provincial Government of DKI Jakarta.

According to a press release from the Indonesian Real Estate (REI) received here on Thursday, the delegation of REDAS being led by its President Chia Boon Kuah, is on a visit to Indonesia.

The delegation consists of 22 members representing 14 leading developer groups in Singapore and several other Asian countries, including Japan, China, and Malaysia.

Chia Boon Kuah explained that the purpose of the visit was to receive firsthand information about the property development industry in Jakarta.

The association`s members also directly learned about the construction investment regulations and rules explained by concerned authorities.

The foreign developers during the visit were accompanied by Deputy Secretary-General of REI Rusmin Lawin, who is also concurrently the secretary general of The International Real Estate Federation (FIABCI) for the Asia Pacific Regional Secretariat.

They among other things visited a elite property projects such as those located at Pantai Indah Kapok area, Casa Jardin Garden, Central Park, Ciputra World and Kemang Village.

Later they paid a visit to the BKPM headquarters in order to find out more about the investment regulations and then continued with a visit to the office of Governor of DKI Jakarta.

Rusmin argued that the rapid development of industrial properties in the Greater Jakarta area in recent years has attracted foreign investors.

"Indeed, we know that the demands for public housing are still very high, but we should be able to see from the perspective that the property industry sector is the same as other industries that we need to encourage the achievement of the `Foreign Direct Investment`," he said.

Moreover the property industry has huge multiplier effects, among other thing, it could move about 100 types of industry from upstream to downstream.

Rusmin asserted that the industry is also very labor intensive so that the property sector will create a lot of job opportunities.
(Uu.A050/F001)

Reporter: Muhammad Razi Rahman
Editor: Priyambodo RH
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