Global Crisis vs Property Sector
The impact of global financial crisis was done at property sector, now. Some developer was begun difficulty to realize their payment to the contractors which develop their property projects.
It was done caused by our banking sector also has determining some tight-regulation related by credit facility to construction projects for developer.
This regulation also will be influence for some developer to selling their property caused by the bank also increase their interest rate for credit property’s ownership to consument.
For the next of 2009, some projects which develop by the small to middle developer have not enough of capital was predicted that they will be pending or stop their project to solve the financing problem difficulty currently (www.bisnis.com).
Please also visit this article at:
http://mybusinessblogging.com/indonesia-business/2008/12/05/global-crisis-vs-property-sector/
