TEMPO.CO, Jakarta - There are five recorded Indonesian regions that experienced a rise in property value throughout 2016. Based on the data provided by UrbanIndo, a Bandung-based property sales website, the regions with the most accelerated property development is Jember, East Jakarta, Tangerang, Bantul, and Batam.
Jember is a region well-known for its agriculture and farming sector, but currently it is rapidly developing and attracting investors at the same time. Throughout 2016, the city located in East Java was recorded to experience the highest jump in property value among other regions.
“The property value in Jember increased 24,45 percent,” UrbanIndo spokesperson Gisela Kanya Prasidha said in Jakarta on Monday, January 23, 2017.
The figure is the average increase in six types of properties such as apartments, villas, boarding houses, and commercial buildings in the region. The highest increase in property value in Jember occured at the land sub-sector, which went up by 56,23 percent, followed by the housing sub-sector that cimbed by 19,39 percent.
East Jakarta has the second highest jump in property value in Indonesia. The region experienced an average of 22,81 percent increase in property value, followed by by Tangerang City, Banten, with an average rise of 19,47 percent. The land value spiked by 61,42 percent and housing value increased by 12,52 percent.
“However, the apartment sector went down by 2,55 percent,” Gisela said.
Throughout 2016, the average increase of property value at Bantul, Yogyakarta, was 17,02 percent. Land values increased by 16,10 percent and housing went up by 15,31 percent.
Batam experienced an average rise on property value by 16,34 percent. The land sector experienced a significant increase by 79,08 percent. In addition, the housing sector in the city went up by 7,39 percent.
According to Gisela, the numbers were gathered through a processed system that involved 73 thousand property agents and more than 900 property advertisements.
ANWAR SISWADI
