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Jakarta Post

Reaping profits from apartment market

  • Burhanuddin Abe

    Contributor

Jakarta   /   Tue, October 27 2009   /  12:52 pm

Many people are of the opinion that the apartment market in Jakarta is already saturated as apartment towers have been being constructed all over the city. Indeed, the total number of individual apartments is large, but is it true that there is an oversupply? The fact is that only about 100,000 individual apartments have been built, which is far lower than the number required by commuters from the areas surrounding Jakarta, such as Bogor, Tangerang and Bekasi. Public transportation is also far from sufficient and most is in bad condition so that most people have resorted to using their own vehicles. There is also a lack of infrastructure, with road construction not keeping up with the growth in the number of private cars and motorcycles. This causes traffic congestion at almost every corner of the city. It appears that the "back to Jakarta" trend is becoming more popular as man...