PROPERTY
A Flickering Light

NUR Aini's plan to buy a house was almost ruined. At first she thought the subprime mortgage crisis in the US would have no effect on the property market in the country. She was wrong.

The crisis, which later triggered a global financial disaster, left the Indonesian property market "short of breath". Banks found it difficult to secure cheap sources of funding due to very tight liquidity on the money market. As a result, they were no longer generous

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