According to a survey by property consultant Cushman & Wakefield, sales rate of condominiums in the second quarter of the year stood at 98.2 percent, relatively flat compared to the previous quarter and year. However, the occupancy rate was only 62.5 percent, a 2.1 percentage point decrease from the previous quarter. He argued that apartments and condominiums were good investment objects that could absorb the repatriated funds. Roughly, he further explained, 60 percent of condominium buyers were investors. The total supply of condominiums in Greater Jakarta stood at 181,005 units in the reviewed quarter, an increase of 4.8 percent quarter-on-quarter and 21.3 percent year-on-year. In the same period, 16 new projects were launched in the market. The property consultant company also revealed that 65 percent of condominium transactions in the second quarter were for lower-to-medium-priced properties. (vps/ags)