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SG REDAS explores opportunities in Indonesia

Property Here - Thursday, March 28, 2013

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By Nikki De Guzman:

The Real Estate Developers Association of Singapore (REDAS) is looking to invest in Indonesia's booming property market, The Jakarta Post reported.

During a recent visit to the Singapore branch of Indonesia Investment Coordinating Board (BKPM), REDAS president Chia Boon Kuah said they have scheduled a trip to Indonesia to explore potential opportunities.

“We will ask our partner, Indonesian Real Estate (REI), for assistance so that we can reap maximum benefits from the visit.”

The REDAS contingent will meet with BKPM chief Muhammad Chatib Basri and Jakarta Governor Joko “Jokowi” Widodo during the visit, said Rusmin Lawin, Deputy Secretaty-General, REI central board.

Rusmin, who is also Secretary-General of the International Real Estate Federation (FIABCI), added that Indonesia's property sector has been recognised by world-class institutions including Knight Frank, the Urban Land Institute and PricewaterhouseCoopers.

Harri Santoso, head of BKPM’s Singapore branch, said while Singaporeans weren't as interested in Indonesian property, they remained among the country's top three investors over the last ten years.  

“We will also show them some of our top notch projects like Central Park, Ciputra World, Pantai Indah Kapuk and Kemang Village.”

 

Nikki De Guzman, Junior Reporter at PropertyGuru, wrote this story. To contact her about this or other stories email nikki@allproperty.com.sg