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Property Sales Continue to Grow Strong in 2017

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Editor

27 January 2017 17:24 WIB

TEMPO.CO, Jakarta - The sales of residential properties either it is houses or apartments is predicted to keep on rising in 2017. It continues the positive trend since the end of 2016.

Country General Manager of property portal Rumah123, Ignatius Untung, stated that the property business has become an increasingly attractive business. Based on the data provided by Business Intelligent Rumah123, the sales’ value shows a staggering amount of growth.

The data shows that the current growth of residential sales nearly reached 200 percent compared to the same period in 2016.

“Meanwhile, the growth of consumers’ interests on apartments reached 178 percent compared to the previous [year],” Untung said on Friday, January 27, 2017.

Besides sales, Rumah123 also recorded a growing trend in the number of projects. Large scale property developers have continued with their delayed projects and have also started new projects.

Previously, property consultant Colliers International stated that apartment developers in Jakarta and its vicinity showed a tendency to depress property values following a relatively stagnant growth.

“Jakarta’s current condition shows that developers have a tendency to price-depress,” said Senior Associate Director of Colliers International Indonesia, Ferry Salanto, on Thursday, January 5, 2017.

Ferry explained that apartment values in 2015-2016 only reached a 3.8 percent growth, which was lower than the previous 2014-2015 period which recorded a 10 percent growth, and 2013-2014 which reached 17 percent.

As many as 30 apartment projects were predicted to be launched in 2016. In fact, only half of the projects were completed by the end of the year. “There were a number of delays on 2016 [projects], predicted to be realized in 2017 or even longer,” Ferry said.

Meanwhile, the research conducted by Indonesia Property Watch showed that the demand for multi-stories residents or apartments in the Bekasi region was consistently high during the second quarter of 2016. It even exceeded the number of demands in Jakarta, Bogor, Depok, and Tangerang.

Based on its market segmentation, lower class buyers were the highest with 59.17 percent, second place went to the middle-class with 34.66 percent, and upper-class with 6.17 percent.

ANTARA



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