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ULI/PwC: Jakarta ranks as top city in Asia for investment in 2013

The Urban Land Institute and PwC released their annual Emerging Trends in Real Estate Asia Pacific 2013 on Thursday. According to survey respondents, Jakarta, Indonesia, ranks as the top city for real estate investment prospects in 2013. The report cites strong gross domestic product growth and higher foreign direct investment, coupled with the fact that interest rates and inflation have come under control as drivers of real estate demand in the area.