By Vivin Harsanto, the National Director and Head of Strategic Consulting at Jones Lang LaSalle Published in The Jakarta Post, May 3, 2013. Along with the government’s efforts to spread economic growth to all provinces, the property industry has been keeping a weather eye on the increased demand for residential and commercial estates outside Greater Jakarta. Megalopolitan Jakarta has been experiencing tremendous growth in urban development with improved infrastructure and increasing … [Read more...]
Global downturn sidelines Surabaya property on the slow road
Given the city's rapid development, the property market in Surabaya - the country's second largest city - should be on the upbeat. Nevertheless, the current global economic downturn has taken Surabaya's property market in a different direction and on a slower road. The Surabaya office market has been pretty quiet during 2008. The grade A strata title Graha Bukopin was the only new office building completed. It contributed an increase of only 14,000 sqm to the total cumulative supply of office … [Read more...]
Surabaya Society
Follow the young set in this Indonesian city to a string of popular hotspots around town. Home to a bevy of brand new nightclubs, cool coffee shops and Western-style bars, Surabaya is no longer just a town for heavy industry types and shipping officials. This coastal capital of East Java now offers good local and international coffee shops, where trendy cosmopolites sip on lattes, while well-known DJs mark the spot around the city’s up-and-comingclubbing scene. In line with the … [Read more...]