Monday, October 08, 2012

Not in Bahasa Indonesia

I do way a lot more tatemae in Indonesia than I ever did in lowland.
It's tiring.

Sunday, October 07, 2012

Heading to Another Property Bubble?

I read the other day about the price of property in Jakarta which increasing fast. Really fast. In certain area of Jakarta a land costs USD 7500 per square meter! The weird part is, the more expensive a property is, the more interest of buying it. 

Today I was meeting some folks and heard that in this particular area of Jakarta, eight months ago the land price was about UDS 800 per square meter, nowadays you have to pay USD 2000! A house with less than 1000m² of land at Brawijaya street in Kebayoran, Jakarta was sold for more than USD 7 million last week. 

Indonesia's economy is booming despite world economic problem, but I'm afraid we are heading to another property bubble in Indonesia. Might as well bracing myself.