Property Prices in Cikarang Increase 25% Each Year

By : Ahmad Fadli And Aldi Firhand. A | Friday, December 01 2017 - 11:41 IWST

Jababeka Industrial Estate (KIJA)
Jababeka Industrial Estate (KIJA)

INDUSTRY.co.id - Jakarta - The lack of availability of land and mass property enthusiasts in Jakarta, finally made a lot of property seekers are now starting to look for property looking on the outskirts of Jakarta, one of which is Cikarang area.

Cikarang is the capital of Bekasi district, the area is now more shining shine along with the emergence of many industrial centers there, but if pulled back 10 years backward, this area is somewhat unpopular reason because it is far from Jakarta and the lack of infrastructure facilities.

Due to the growth of property purchasing power in Cikarang, so it is no wonder the property price increase there every year grows around 25% this figure is expected to continue to rise along with massive infrastructure development there.

The property market in Cikarang is getting more prestigious since the entry of large developers who built various property projects, one of which is PT Lippo Cikarang Tbk, which develops an independent city-scale project called Meikarta. The project was developed on an area of ​​500 hectares, for the first phase of their development of marketing apartments sold for Rp 127 million.

Since marketed, it turns out that this apartment has received a very positive response from the market, it can be seen from the sale of 150,000 units of apartments since the first marketed last May 2017.

Meanwhile, according to Mart Polman, Managing Director of Lamudi Indonesia, Cikarang area will become the favorite residence for expatriate. Because there stands thousands of national and international companies that employ thousands of employees both local and foreign employees.

"The expatriates there, certainly do not want to find a house in the area of ​​Jakarta, they want to look for a house close to their office," said Mart.

According to Mart in Cikarang currently estimated there are about 21 thousand foreign workers, they need shelter, tourism and lifestyle. Previously, most of the expatriates lived in a treadmill that did not conform to the standards, and when there was an offer of apartments that fit the desired they immediately bought it.

"Foreign workers are very upholding the quality, so when there is an apartment that suits what they want they immediately buy it" said Mart.

News Comment

Today's Industry

"CLEO", PT Sariguna Primatirta Tbk (Tanobel Group)

Sabtu, 23 September 2023 - 11:33 WIB

Growing Above Industrial Average, CLEO Strives for Innovation

Producer of bottled drinking water with the brand "CLEO", PT Sariguna Primatirta Tbk (Tanobel Group) targets its sales in 2023 to grow above the average of the bottled drinking water (AMDK)…

PT Inocycle Technology Group Tbk ("INOV")

Kamis, 14 September 2023 - 15:15 WIB

INOV Poised to Absorb PET Recycling Market Potential

The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Participants of the 43rd ASEAN Summit enjoy the gala dinner at Hutan Kota GBK in Jakarta, Wednesday (09/06). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 09:07 WIB

Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit

President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…

President Jokowi and Secretary-General of the United Nations António Guterres, Jakarta, Thursday (09/07). (Photo by: BPMI).

Senin, 11 September 2023 - 07:45 WIB

ASEAN, UN to Enhance Cooperation in Maintaining Regional Peace

On the margin of the 43rd ASEAN Summit, President Joko “Jokowi” Widodo Thursday (09/07) hosted Secretary-General of the United Nations António Guterres in a bilateral meeting at the Kakatua…

President Jokowi shakes hands with PM of Japan Fumio Kishida at JCC in Jakarta, Thursday (09/07). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 06:40 WIB

Indonesia, Japan Agree to Raise Partnership Status to Comprehensive Strategic

Indonesia and Japan have agreed to raise the partnership status of the two countries to strategic comprehensive, President Joko “Jokowi” Widodo has said.