Rising Consumption Fuelled by the Middle Income Class
Indonesia’s population grew by 15% from 2000 to 2010 and is expected to grow by a further 14% by 2020, reaching a population of 271 million.
Disposable Income per Capita has increased year on year and is projected to increase at a CAGR of 13.0% (2014 – 2018).
47.5% of Indonesia’s population is aged between 20-49 years, the age range with the highest potential as first time home buyers.
With an increasing disposable income in Jakarta and provinces over the next few years, it is expected that consumption will increase, thus driving up the demand for housing, business spaces, health & recreational facilities.