A Russian businessman purchasing a site for development in Lombok, an Italian entreprenur setting up a restaurant in Seminyak, an Australian couple purchasing a villa in Echo Beach for their surfing holiday. They would be the what captures our imagination of the Indonesia property scene.

Bali was recently nominated as second best island in the world by Travel+Leasure. It's no wonder that foreign investors have been captured by the beauty of Indonesia’s 7,500 islands and seek to capitalize on the food, beverage and hospitality industries. What lies beneath that image is a fast growing project development scene fueled recently by foreign developers entering Indonesia’s market. Property ranks sixth in Indonesia’s Foreign Direct Invesment and is a major multiplier effect to the country's economic growth.

Attracted by Indonesia's economic growth of 4.7% and a potential market of 240 million people and a growing property market, the country has seen major invesment by Japan, Singapore, Hong Kong, China and Korea from companies such as Tokyu Land, Mitsubisi, Toyota Hong Kong Land, China Sonagol and recently the Crown Property Group from Australia, with the construction of retail, office and residential developments as well as acquiring many premium sites for development in Jakarta City.

Projects such as Aeon Mall, NavaPark, Brandz in Serpong, Anandamaya mixed-use complex, Sky Garden both located in the CBD is just a few projects bursting into the scene. Partnertnering up with well established local players, the developers concentrate on the Jakarta, Serpong and Bekasi areas. 

Indonesia is not a stranger to foreign developers with developers such as Premier–Les Nouveaux Constructeurs SA and Keppel Land being there well before the Global Financial Crisis. While the home countries of some of these developers (Europe and Singapore) are experiencing a slow down and decline, Indonesia remains an attractive option for growth.