Land prices in East Jakarta are cheaper than in other areas of Jakarta. According to research from Indonesia Property Watch (IPW), the average price of residential land in East Jakarta is the lowest, at Rp 7.9 million/m². IPW Executive Director, Ali Tranghanda, stated that the lack of infrastructure contributes to the lower land prices in East Jakarta.
According to Ali, this relatively lagging land price presents an opportunity for higher market growth in East Jakarta. Indeed, over the past three years, land price growth in East Jakarta has been the highest, at 5.58 percent per year.
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