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Jakarta Property Market Review Fourth Quarter of 2015

​The Economy

Economy expands at less than 5% in 2015
An available budget notwithstanding, government spending was relatively slow to take off in the first half of 2015. Spending picked up in 2H15 and in the final quarter, GDP growth came in at 5% from a year earlier while whole-year growth was recorded at 4.8%. Several major infrastructure projects are now at various stages of completion. The Jakarta MRT looks on track to complete in 2019 while the Jakarta light rail (LRT), earmarked for 2018, is likely to be delayed. Groundbreaking for Indonesia’s first high-speed rail project linking Jakarta with nearby Bandung was in January 2016.

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