Real estate makes a charge in IndonesiaAROUND ASIA'S MARKETSBUSINESS ASIA by Bloomberg International Herald Tribune | May 12, 2006| | . Provided by ProQuest LLC. (Hide copyright information) Copyright

Naila Firdausi
International Herald Tribune
05-12-2006
Indonesian property stocks were the nation's worst performers in 2005. This year, they're leading gains in Southeast Asia's fastest-rising market.The Jakarta Stock Exchange Construction, Property and Real Estate Index has surged 51 percent in 2006, outperforming the 32 percent advance of the benchmark Jakarta Composite Index. Developers such as Ciputra Surya and Summarecon Agung are rebounding on investor expectation the central bank will keep cutting interest rates following a reduction this week.Investors are jumping into an industry ...

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