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Indonesian property will remain moderate, still attractive: Fitch

Fitch Ratings said in a new report that demand for residential property in Indonesia would likely be moderate over the next 12 months, after it experienced a sharp increase over the past two years

The Jakarta Post
Jakarta
Wed, September 11, 2013

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Indonesian property will remain moderate, still attractive: Fitch

F

itch Ratings said in a new report that demand for residential property in Indonesia would likely be moderate over the next 12 months, after it experienced a sharp increase over the past two years.

'€œThis is because the average selling prices [ASP] are already high and benchmark interest rates are on the rise,'€ Fitch said in an official release made available to The Jakarta Post on Wednesday.

Nevertheless, long-term prospects remained attractive due to the growing middle class, urbanization and low mortgage rates, according to Fitch.

Fitch also expected its rated portfolio to be able to weather a more challenging operating environment in the next 12 months, supported by sufficient liquidity buffers and staggered debt maturity profiles.

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