The National Apartment Market Is Still Sluggish

By : Ahmad Fadli And Aldi Firhand. A | Friday, October 13 2017 - 23:40 IWST

Apartment Illustration (Illustration)
Apartment Illustration (Illustration)

INDUSTRY.co.id - Jakarta - Until the third quarter of 2017, sales of apartments in Jakarta are classified as sluggish. Though apartment supply every day increased. Senior Associate Director of Research at Colliers International Indonesia Ferry Salanto said the slump in apartment sales was due to the over-supply of the vehicles with very close spacing. So the concentration for buying society is split.

"On the one hand because the number of pack-line interchangeably so when the new want to concentrate here, so break the focus of the buyer because of the many options," he told the media crew recently.

In addition, the constraints have not been able to rise the apartment sector due to sluggish the Market rent. Even the number of rental market at this time very far below from previous years.

"The obstacle in the apartment is the rental market that is sluggish. Not as it used to be. The amount is below the previous so that expectations return lower than before. If this has not developed for what they buy again, "said Ferry.

In addition Ferry continued, the government also needs to improve the political situation and economic conditions in the country to be stable. Because, for the buyer, especially the middle to top, the purpose of buying an apartment is to invest.

They will take into account the return earned from the purchase. While the political and macroeconomic conditions become an important factor for the value of apartment ritern can be high.

"If the middle to higher difference again the concern. Most of these groups are with investment motives. Because of their investment motive they see the macroeconomic and political situation that occurred. Because of their expectations how the goods or projects that I buy can produce something, "he explained.

Not only that, the entrepreneurs also have to start shifting from buying and selling apartments to rent. Because in addition to potentially get a large return, rent an apartment can also be one of the looming property apartment slack.

"Rent a little apartment only 5%. While the sale is 95%, "said Ferry.

News Comment

Today's Industry

Huawei earns MOCN Partners Award from Indosat

Rabu, 31 Mei 2023 - 16:30 WIB

Huawei Recognized as Outstanding Partner from Indosat in MOCN Partner Awards for Successful Network Integration

Indosat Ooredoo Hutchison (Indosat), has achieved a significant milestone in its mission to connect and empower the people of Indonesia, after completed the merger in January 2022.

65 years APO Tokyo

Rabu, 31 Mei 2023 - 15:28 WIB

65th Session of the APO Governing Body in Mongolia: Assessing Progress, Celebrating Milestones, Shaping the Future

The Asian Productivity Organization (APO) successfully concluded the 65th Session of its Governing Body (GBM) with representatives of 19 APO member economies attending in Ulaanbaatar, Mongolia,…

World Fishing Championship, the First Fishing Game on WEMIX PLAY, Launches in 170 Countries (Graphic: Wemade)

Rabu, 31 Mei 2023 - 15:00 WIB

World Fishing Championship, the First Fishing Game on WEMIX PLAY, Launches in 170 Countries

Wemade officially launched World Fishing Championship, a fishing game developed by Wemade Plus, on May 25th in 170 countries.

President Jokowi launched the IKN logo, Tuesday (30/05/2023), at the State Palace, Jakarta. (Photo: Public Relations of Setkab/Agung)

Rabu, 31 Mei 2023 - 14:35 WIB

President Jokowi Launches IKN Logo Themed Tree of Life

Indonesian President Joko Widodo (Jokowi) officially launched the Indonesian Capital City logo (IKN), Tuesday (30/05/2023), at the State Palace, Jakarta.

Falcon 40B," the UAE's first large-scale AI model, is now open source for research and commercial use. (Photo: AETOSWire)

Rabu, 31 Mei 2023 - 14:05 WIB

UAE's Technology Innovation Institute Launches Open-Source "Falcon 40B"

The Technology Innovation Institute (TII), a leading global scientific research center and the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC), today strengthened…