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

TokoScore owns features of income prediction and fraud flags. (Photo: indotelko.com)

Kamis, 22 September 2022 - 12:29 WIB

Encouraging Financial Inclusion, Tokoscore Services Enable to Raise GOTO Revenue

The expansion of PT GOTO Gojek Tokopedia Tbk (GOTO) into the creditworthiness analysis business as known as credit scoring, through Tokoscore, has received a positive response from market players.…

Alternative tobacco products. (Photo: lifestyle.sindonews.com)

Rabu, 21 September 2022 - 11:20 WIB

Indonesia Needs to Encourage Alternative Tobacco Products Research Collaboration

The scientific studies development on alternative tobacco products in Indonesia is still too minimal. The Indonesian government is suggested to encourage research collaboration on alternative…

Alternative tobacco products. (Photo: lifestyle.sindonews.com)

Rabu, 14 September 2022 - 12:30 WIB

Adult Smokers Entitled to Valid and Reliable Information of Alternative Tobacco Products

Public owns the rights to obtain valid and reliable information to improve their health quality. The same rights is also owned by adult smokers, particularly to pertinent information about the…

Tikki Pangestu, the former Director of Policy Research and Cooperation of World Health Organization (WHO). (Photo: channelnewsasia.com)

Selasa, 06 September 2022 - 19:10 WIB

Alternative Tobacco Products, Strategy to Reduce Smoking Prevalence

The high smoking prevalence has been closely associated with increased smoking-related diseases. Alternative tobacco products are predicted to be one of the solutions that can help reduce smoking…

GoTo is a blend of Gojek and Tokopedia. (Photo: republika.co.id)

Rabu, 31 Agustus 2022 - 12:26 WIB

More Efficient Business, GOTO Q2-2022 Contribution Margin Soars

A technology issuer with a leading ecosystem in Southeast Asia, PT GoTo Gojek Tokopedia Tbk (GOTO), releases the first half of 2022 financial performance to the same period in 2021 (year on…