Based on the company`s data, the record annual condominium sales figure for Jakarta in 2012 was more than 12 thousand condo units.
Jakarta3 (ANTARA News) - Apartment and condominium property prices are continuing to rise, in line with trends in recent years, despite the global economy slowdown underway.

"Indonesia has experienced significant price hikes in the apartment sector over the last five years," stated Jones Lang LaSalle (JLL) Indonesia`s Head of Project Marketing Luke Rowe in a written statement received here on Wednesday.

Rowe said that a number of prestigious projects in Jakarta, such as an apartment project owned by PT Astra International Tbk and Hong Kong Land, are thought to be continuing the trend despite the volatility of the financial markets and the rupiah fluctuations.

JLL Indonesia has been appointed as the exclusive marketing agent for PT Astra International Tbk and Hong Kong Land apartment projects.

"This project will be one of the highest-profile projects launched in Indonesia, which will strengthen the position of Jones Lang LaSalle as a leader in apartment marketing," remarked JLL Indonesia`s Country Head Todd Lauchlan.

Earlier, JLL Indonesia`s Head of Research Anton Sitorus had suggested that the sales of condominiums in Jakarta in 2013 would break records.

"Condominium sales in Jakarta during 2013 are expected to set a new record," Anton explained at a press conference to release the third-quarter results for properties in Jakarta on Thursday, Oct. 17, 2013.

The prediction that the 2013 condominium sales will be higher than that of the previous year is partly attributable to the number of sales seen, mainly in the first half of this year, Anton added.

Based on the company`s data, the record annual condominium sales figure for Jakarta in 2012 was more than 12 thousand condo units.

However, from January to September 2013, the company reportedly achieved sales of some 11 thousand units, which includes more than four thousand units sold in each of the first two quarters, Anton said.

The supply of apartments will flood the Jakarta area in the coming years, with more residential and commercial center joint-concept offers.

"The large number of apartments available is expected to flood the strata title apartment market over the next three years," stated Associate Director of Research Colliers International Indonesia (property consultant) Salanto Ferry.

Salanto also pointed out that more apartment blocks would be built using the concept of integrated residential and commercial areas.(*)

Editor: Heru Purwanto
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