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Developers say related industries play crucial role |
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The Jakarta Post, Jakarta | Fri, 06/25/2010 11:42 AM | Jakarta
Developers say property development support industries would play a large role in ensuring the success of the city's plan to impose environmentally friendly requirements before issuing building permits.
The chairman of the Jakarta branch of the Indonesian Real Estate Association (REI), Mr. Setyo Maharso, warned the ruling would backfire as it would only burden the business owing to soaring prices if the administration failed to prepare property-related industries.
"The property-related industries should be able to offer cheaper *environmentally friendly* products," Setyo told The Jakarta Post via telephone Thursday.
He said property-related industries included suppliers of building material such as certified wood products, steel, environmentally friendly toilet flushes and sprinklers.
"If the suppliers are not prepared, developers will be forced to import products that in turn raise property prices," he said.
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