Survey, Millennial Generation More Interested to Buy Apartments
By : Ahmad Fadli And Aldi Firhand. A | Wednesday, October 25 2017 - 22:58 IWST
![Property Illustration](https://eagle.industry.co.id/uploads/berita/detail/905.jpg)
Property Illustration
INDUSTRY.co.id - Jakarta - As long as this home tread is still the primary choice of occupancy seekers rather than apartments. This is normal because the tread house does offer some advantages over vertical dwelling, as it still has its own land whose value is steadily rising, and its maintenance is simpler and the dues of a lower occupancy environment.
However, as land prices are increasingly expensive in big cities and more practical lifestyle demands from young or millennials, market interest in vertical housing as a residential option is also increasing. This is evident from a survey of 5.5 million property seekers through the home.com property portal each month.
"If last year only about 35 percent of visitors who are interested in the apartment, this year the number jumped to more than 50 percent. People seem to have been more willing to stay in smaller apartments during the location and the price of their budget entry, "said Ike Hamdan, Head of Marketing rumah.com, when exposing the 2018 market outlook property in Jakarta, not long ago.
The size of the apartment unit is not too much a consideration for the apartment finder rather than location, access, and price. Younger people are willing to live in smaller dwellings as seen from the much sought-after type, ie studio type to one district for under Rp20 million / m2.
"For these people there is a psychological limit on the maximum selling price of the apartment (which they want to buy) that should not be above Rp700 million, because it is considered out of their reach. Hence the integrated mass transport apartments such as train stations or famous for the term transit oriented development (TOD) which is being intensively offered by the government, they are also very interested, "he said.
Read Also
Optimistic of Warehouse Business Outlook, VAST Acquires Warehouse…
Not to Be Missed: New Museum to Open Dec. 22 in Taiwan’s Cultural…
Real estate exemplars succeed at the 18th PropertyGuru Asia Property…
PT Patra Jasa: A Giant In The Making
Opening of the 2023 Mall to Mall Exhibition at Trans Studio Mall,…
Today's Industry
![Totolink outlet. (Photo: Public Relation of Totolink)](https://eagle.industry.co.id/uploads/berita/small/5782.jpg)
Kamis, 11 Juli 2024 - 22:08 WIB
Totolink Strengthens Commitment to Innovative and Reliable Network Solutions for Indonesia
Marking a strategic step, Totolink Indonesia proudly announces the enhancement of its head office in Jakarta, located at Harco Mangga Dua Blok E No.28, Sawah Besar, Central Jakarta.
![The President Commissioner of Bersama Digital Data Centres (BDDC), Setyanto Hantoro (fourth right) and The President Director of BDDC, Angelo Syailendra (third right) during the BDDC JST1 Inauguration Ceremony in Jakarta on Wednesday (10/07/2024).](https://eagle.industry.co.id/uploads/berita/small/5781.jpg)
Kamis, 11 Juli 2024 - 19:03 WIB
BDDC Inaugurates JST1 TIER IV Data Centre in Jakarta to Strengthen Digital Infrastructure
Bersama Digital Data Centres (BDDC), an in-town data centre provider with interconnectivity and integrated digital systems, inaugurated its 5 MW Tier IV data centre facility, JST1 (Jakarta Selatan…
![The Board of Directors of PTT Global Chemical (GC) pose for a group photo after receiving the prestigious SNI (Indonesian National Standard) certification for its InnoPlus Polyethylene resin. (Photo: GC Public Relations)](https://eagle.industry.co.id/uploads/berita/small/5780.jpg)
Kamis, 27 Juni 2024 - 15:30 WIB
Global Chemical Achieves Prestigious SNI Certification for InnoPlus Polyethylene Resin
PTT Global Chemical (GC) is proud to announce its successful attainment of the prestigious SNI (Indonesian National Standard) certification for its InnoPlus Polyethylene resin.
![Financial Literacy](https://eagle.industry.co.id/uploads/berita/small/5779.png)
Rabu, 26 Juni 2024 - 22:47 WIB
The Importance of Financial Literacy
Financial literacy refers to the ability to understand and use various financial skills effectively, including personal financial management, budgeting, and investing.
![Unveiling New Opportunities](https://eagle.industry.co.id/uploads/berita/small/5778.png)
Rabu, 26 Juni 2024 - 14:52 WIB
Unveiling New Opportunities
As we step into 2024, the cryptocurrency landscape continues to evolve, presenting unprecedented opportunities for investors, developers, and enthusiasts.
News Comment