Indonesia has a significant and growing shortfall of housing. Existing supply is in poor condition and demand is rising for new units. This is especially true for affordable housing in urban areas, where more than one-fifth of the population live in slums. Recognising the issue, the government unveiled a series of policies aimed at...
On the back of a massive infrastructure agenda, new real estate projects have driven growth in Indonesia’s property sector in recent years. A colourful mix of cultures has influenced the architectural layout of the capital city Jakarta, which is one of the many features that have attracted investors from around the world. However, while the...
In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural...
Although growth in Saudi Arabia’s real estate sector has softened since 2016, government-led initiatives to increase access to affordable housing, in addition to wider economic diversification plans focused on tourism and industrial output, look set to turn fortunes around. All eyes have been on the impact of the government’s white land tax on...
The government is undertaking promising reforms and investing in new developments in order to bolster the volume of affordable housing available on the market, in turn increasing the homeownership ratio among nationals from its current level of 47% to 70% by 2030, as the government seeks to meet demand and accommodate a burgeoning young...
The ambitious $500bn mega-city NEOM — derived from the Greek word neo (new) and the Arabic word mustaqbal (future) — project is an energiser for the construction sector and provides a promising longterm pipeline of opportunities for investors. These include Qiddiya, an $8bn entertainment complex three times the size of...
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