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Jakarta Post

Condominium market is still buoyant

  • Burhanuddin Abe

    Contributor

Jakarta   /   Fri, September 30 2011   /  09:04 am

Tall buildings or skyscrapers are continuing to fill Jakarta’s skyline. While tall buildings in the capital city previously comprised hotels and office buildings, now “vertical residences” or condominiums are growing in number.

Indeed, most Jakartans still prefer living in landed houses, but it is highly possible that in the not-too-distant future living in an apartment will become more common due to limited land availability. Therefore, apartments are simply a solution to the problem of limited land in Indonesia’s major cities, especially in Jakarta.

Podomoro City general marketing manager Alvin Andronicus said that the people of Greater Jakarta had to get used to the idea of living in apartments, and when they did, the market segment of apartments and condominiums would expand. It would also be a solution to the problem of limited land availability.

“L...