The Indonesian residential property price index (16 major cities) rose by 3.1% during the year to Q2 2016, according to Bank Indonesia, but when adjusted for inflation, property prices in the country actually fell by 0.39% in Q2 2016 from a year earlier. During the latest quarter, residential property prices rose by a meagre 0.36% (0.3% inflation-adjusted).
Nominal property price figures can be misleading in Indonesia, because inflation has been high (although now slowing). Residential property has been attractive to rich Indonesians and others partly as a protection against inflation.
All Indonesia’s major cities saw nominal property price rises during the year to Q2 2016. Batam led the price hikes with house prices rising by 10.65% (6.9% inflation-adjusted) during the year to Q2 2016. It was followed by Bandar Lampung (8.46%), Palembang (7.95%), Medan (6.25%), Bandung (5.77%), Makassar (5.66%), Banjarmasin (5.36%), Manado (5.27%), Surabaya(4.28%), and Padang (3.93%).
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Ferrari Malaysia, Singapore and Thailand celebrate 10th anniversary
February 8, 2019
The official Ferrari distributors in three countries, Malaysia, Singapore and Thailand jointly celebrated their 10th anniversary here with an activity-packed weekend of track and road drives, a gala dinner and the unveiling of the new Ferrari F8 Tributo. Naza Italia, Ital Auto Pte Ltd and Cavallino Motors Co. Ltd are the official importers and distributors of the Ferrari brand in Malaysia, Singapore and Thailand respectively.
Panama Title Company
July 2, 2016
About Panama Title Company Our services are fairly straight forward and simple. We either acquire our clients properties through direct purchase or direct shared participation. In most cases obtaining the maximum value at closing.
