Construction & Real Estate

Indonesia 2019 - Construction & Real Estate

Supported by strong fundamentals, Indonesia continues to break ground on major construction projects. Fuelled by a comprehensive public infrastructure agenda, large-scale developments have become the norm. However, while the construction sector remains an important pillar of the country’s economy, project development is still hindered by domestic obstacles, including a lengthy land-acquisition process. On the back of a massive infrastructure agenda, new real-estate projects have driven growth in Indonesia’s property sector in recent years. A colourful mix of cultures has influenced the architectural layout of the capital city Jakarta, which is one of the many features that have attracted investors from around the world. While the government of Indonesia has pursued initiatives to bolster property investment, however, currency depreciation, political uncertainty and rising interest rates constrained growth in 2018. This chapter also contains interviews from Basuki Hadimuljono, Minister of Public Works and Housing, and David Cheadle, Managing Director, Cushman & Wakefield.

Cover of The Report: Indonesia 2019

The Report

This chapter is from the Indonesia 2019 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Basuki Hadimuljono, Minister of Public Works and Housing
Basuki Hadimuljono, Minister of Public Works and Housing: Interview

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