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Total sales transaction of property in Jabodetabek (Jakarta-Bogor-Depok-Tangerang-Bekasi) area in 2008 was reached Rp. 11,89 trillion or decrease around 8,7 percent if we compare by the some perioed in 2007 which reached Rp. 13,03 trillion.

Executive Director of Indonesia Property Watch, Ali Tranghanda said that the decrease of property sector in Jabodetabek area is out of control and not as per the target. It was caused by impact of global financial crisis in the end of 2008 year’s.

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Agung Podomoro Group (APG) will invest Rp. 800 billion for 3-4 new projects on this year (2009).

Actually, for temporary their investment will not influence by global financial crisis currently.

One of these project is Cosmo Terrace Appartment at Hotel Indonesia area which initial investment is around Rp. 200 billion.

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