According to David Cheadle , managing director of real estate agents Cushman and Wakefield Indonesia , Jakartans are keen to snap up new builds like these as soon as they come online . Property prices rise rapidly in Indonesian capital of Jakarta . One million people live in city and surrounding area and space is scarce . Developers say Jakarta is smart city as it is cheaper than other major Asian cities .
Property prices rise rapidly in Indonesian capital of Jakarta . One million people live in city and surrounding area and space is scarce . Developers say Jakarta is smart city as it is cheaper than other major Asian cities .