Construction & Real Estate

Following several years of robust expansion supported by the launch and implementation of a major public infrastructure programme emphasising significant new transportation, utilities and social infrastructure builds, Indonesia’s construction industry is set to remain on a rapid growth path. State-owned enterprises continue to dominate the construction landscape, although the government has increasingly sought private sector participation in new builds. A growing middle class and rising levels of urbanisation have supported rapid real estate growth, and there remains substantial room for expansion in the coming years. While a commodities price crash and macroeconomic slowdown weighed on growth between 2013 and 2015, the sector began to regain its footing in 2016, with property sales forecast to rise for the first time in six years in 2017.

This chapter contains interviews with Wong Head Fine, Group CEO, Surbana Jurong; and Michael Widjaja, Group CEO, Sinar Mas Land.