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2018 REI Mandiri Property Expo Targets Millennials

Translator

Editor

17 November 2018 17:56 WIB

A number of visitors at seeing maket housing in event Indonesia Property Expo, at Jakarta on Monday (10/2). TEMPO/Imam Sukamto

TEMPO.CO, Jakarta - The 2018 REI Mandiri Property Expo offers housing property with prices starting at Rp100 million for the market of housing finance liquidity facility (FLPP). The exhibition organized by Real Estate Indonesia Central Board (DPP REI) and Bank Mandiri is held at Hall A of the Jakarta Convention Center (JCC) on November 17-25.

Secretary-General of the DPP REI Paulus Totok Lusida said the exhibition is targeting the millennials. “Millennials have a considerable potential to become the Prospective Market. With quite affordable installments, they can already have a decent house as a place to live or for investment,” he said at the JCC Senayan, Saturday, November 17.

Property is one of the industrial sectors that still continues to grow, especially in the middle class or housing with prices ranging from Rp300 million to Rp500 million. “We [DPP REI] believe that the property sector will continue to grow,” Paulus said.

According to Paulus, to improve people's welfare, especially in terms of decent housing, the Ministry of Public Works and Public Housing (PUPR) has issued FLPP as an effort to achieve a national program for the construction of a million houses.

Paulus said that the FLPP provides an opportunity for people with income between Rp2.5-Rp4 million to have a decent house.

The exhibition, which featured a variety of property projects, began at 10 a.m. to 9 p.m. This exhibition is opened to public for free. 

MUHAMMAD HENDARTYO




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