November, 2011
Real Estate in Jakarta
Posted on November 1, 2011 |
A special territory with the status of a province, Jakarta is the center of government, trade, and commerce in the country. Further, its strategic location makes it the principal gateway to other parts of the country. Apart from its amazing tourist destinations such as Merdeka Square, Sunda Kelapa Port, Chinatown, Kebun Binatang Ragunan, the National Museum, and several restored colonial period buildings – Jakarta also boasts of a vibrant nightlife and shopping facilities. Above all, Jakarta is a city of contrasts, blending traditional and modern and the rich and the poor.
In other words, since many foreigners flock to the city not only to experience its tourist attractions but also to stay here as well as conduct their core business functions, the demand for commercial real estate in Jakarta has increased than even before. The demand for commercial property in the city is further driven by the growing number of financial institutions and accounting and law firms. Apart from foreign investors, a large number of local companies and organizations also now invest in commercial spaces in Jakarta.
Another popular category of commercial property is niche commercial spaces, which is especially designed for storage purposes or for doctors as well as other healthcare professionals. Commercial real estate in Jakarta also include infrastructure type properties that are suitable for set ups such as hospitals, schools, and municipal buildings. In addition, commercial properties are available for selling apparels, electronic items, and other consumer products. In short, Jakarta’s commercial real estate includes everything from offices, retail stores, and shopping malls to restaurants, factories, and industrial parks.