Senin 16 Feb 2015 19:38 WIB

Surabaya's property market shows promising prospects

Red: Julkifli Marbun
Surabaya
Foto: surabaya.or.id
Surabaya

REPUBLIKA.CO.ID, SURABAYA -- The property market in Surabaya has promising prospects this year due to the high demand of various property products, a property developer stated.

"As the second-largest city in Indonesia, Surabaya is the main business gateway for the eastern part of Indonesia," Operations Director of PT PP Properti Galih Saksono noted here on Monday.

The high interest in the property market is apparent by the high demand for apartments and condominiums in the heart of the city, he added.

He noted that several factors had encouraged the city residents to live in apartments and condominiums, including changes in the public culture, the rise in the middle class population, and limited land space.