Overview
What to expect
Palembang is the capital city of the South Sumatra province in Indonesia. It is the seventh-largest city in Indonesia and is also the second-largest city in Sumatra.
The lifestyle
There are a number of modern shopping malls lying around the city that can be heaven for shoppers. With also a couple of clubs and bars available in the city that can be an option for night owls.
The Market
Along with the economic growth of Palembang that is experiencing significant rise, the interest in buying houses in Palembang is increasing every year.
Population
1,681,300No. of Households
416,000Avg. House Price
$34,576Average Age
0
Location
Transport
| Sultan Mahmud International Airport |
|
00hr 35min |
|
00hr 00min |
| Kambang Iwak Family Park |
|
00hr 20min |
|
00hr 00min |
The Neighbourhood
The city of Palembang is the capital city of South Sumatera and has been recognized as the second-largest city on the island of Sumatra. The city lies on both banks of the Musi River—where one of Indonesia’s longest bridges—the Ampera bridge extends above it.
Known as the home to one of the best Indonesian cuisine—Pempek—Palembang earns a title as the oldest city in the world after struggling to establish its name as the oldest city in the world because it has existed since 682 AD. Coming to a surprise, Palembang is called “Venice from the east” as linked to the existence of hundreds of raft houses.
Palembang is stretched to an area of 358.55 square kilometres and is one of the most important cities on the island of Sumatra, both in terms of urban development, economy and socio-culture. As Palembang has gained a significant increase towards its economic movement, there are currently numerous prestigious developers building various housing projects ranging from Sinar Mas Land to Wika Realty, where this will eventually lead to creating home business in Palembang to shine in the future.