Construction & Real Estate

Construction & Real Estate

As a major contributor to the country’s economy as well as a vital part of Indonesia’s future development, the construction sector today faces some major responsibilities and challenges. The segment has experienced continuous growth in recent years on the back of economic and population expansion, while also seeing an enlargement of its expertise and overall capability, with foreign partnerships often helping this growth in capacity. The real estate market began a period of consolidation in late 2014 that is likely to last through 2015. This slowdown in price rises has been welcomed, however, as indicative of a maturing of the sector as it heads off previous fears of overheating. Despite the slower pace overall, residential and industrial real estate continue to show healthy growth, with Jakarta also continuing to be the most active and international market.

This chapter contains a dialogue with Harun Hajadi, Managing Director, Ciputra, and Ervan Adi Nugroho, President-Director, Paramount Enterprise.