Jakarta market up in Q1 despite bad forecast

The Jakarta Post - Property demand in Greater Jakarta remained high in the first three months of 2014 despite political tensions ahead of the April 9 legislative election, according to property consultant firm Cushman and Wakefield.

According to Cushman and Wakefield research and advisory head Arief Rahardjo, the election and a lackluster economy did not have a negative impact on the property market in the capital city.

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