Outside the Capital

The growth of the retail property market slowed due to oversupply. Opportunities for growth are outside of Jakarta.

March 17, 2010

THE economic crisis has not stopped giant real estate companies from expanding the concrete jungles of Jakarta with super shopping malls all-year around. In the west of Jakarta the Agung Podomoro Group has built the prestigious Podomoro City project with its Central Park and Seasons City shopping malls. To the east the Agung Sedayu Group has built the Mall of Indonesia. PT Lippo Karawaci has built the Pejaten Village shopping mall which holds sho

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