JAKARTA (Indonesia Today) – Investors remain focusing to buy property stocks this morning amid concern on bubble market. Investors now concern on inventory issue for property companies. If value of inventories grew higher than sales revenue, property sector could lead into a crash or bubble.
At 10.17 am Jakarta time Pakuwon Jati jumped 6.58% to Rp405, Nirvana Development gained 4.35% to Rp240, Lippo Karawaci rose 1.5% to Rp1,350.
Other property stocks, Ciputra Property increased 1.05% to Rp1.05%, Ciputra Development added 0.88% to Rp1,150. While Modernland Realty dropped 5.88% to Rp960.