Property industry remains in the doldrums for past three years, as no investment persists though the central bank (Bank Indonesia/BI) has cut the benchmark interest rate to 4.25% and relaxing the policy of loan to deposit ratio (LDR). The property sales last year was mainly supported by the end users or consumers, instead of investors purchasing property for investment. Listed property developers reported that marketing sales in Jan-Nov 2017 period were backed by bulk sales.
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