The Korea Housing Construction Association announced on the 21st that an 'Overseas Housing Business Investment Delegation' consisting of 15 representatives from member companies, including Chairman Jeong Won-joo, Daegu City Chairman Jo Jong-soo, Incheon City Chairman Do Gi-bong, and Board Member Kim Seung-pil, has been conducting local inspections in Jakarta and Bandung, Indonesia since the 17th.
The investment delegation was planned to create new breakthroughs in the domestic housing construction market, which has reached saturation and is facing a crisis, and to provide practical support to member companies showing high interest in overseas housing businesses. Following Vietnam last year, this investment delegation, the second of its kind, chose Indonesia, where abundant resources and large projects such as the transfer of the capital are underway, as its destination.
According to the association, the investment delegation, which arrived in Jakarta, Indonesia, on the 17th, held a meeting with Colliers, one of the world's top three real estate consulting firms, and then visited the development sites of the SinarMas BSD (Bumi Serpong Damai) new city, led by SinarMas Land, Indonesia's largest real estate development company.
On the 20th, the delegation moved to Bandung, Indonesia's fourth-largest city, to visit the Kiara Arta Park being developed by AG (Artha Graha) Group, ranked 15th in Indonesia's implementation ranking. They also met influential political figures and requested their cooperation in facilitating the entry of Korean housing construction companies into Indonesia.
Chairman Jeong Won-joo noted, 'Through this local inspection in Indonesia, we will do our best to closely understand the conditions for entering the Indonesian housing market and to provide practical and accurate information to member companies that have a high interest in the Indonesian housing business.'