Collaborative Property and Creative Industry Aims Millenial

By : Wiyanto And Aldi Firhand. A | Sunday, December 10 2017 - 16:54 IWST

Panangian Simanungkalit, founder of Panangian School of Property (Foto Dok Industry.co.id)
Panangian Simanungkalit, founder of Panangian School of Property (Foto Dok Industry.co.id)

INDUSTRY.co.id -Jakarta- The property industry in 2018 is projected to grow by eight percent compared to 2017. Currently, property worth less than one billion rupiah is more in demand by the Indonesian market, especially the millennial segment.

According to property observer who is also the founder of Panangian School of Property, Panangian Simanungkalit, this year's developer orientation leads to the development of property products that can be reached by the millennial generation market. Moreover, this segment has the potential to continue to grow until the next ten years.

"The purchasing power of the millenial group is supported by their already well-established parents economically. Their own ability to buy property only ranges from 500 million to one billion. But the population of this segmentation will continue to grow significantly due to the demographic bonus so that it affects the industry, "he said over the weekend.

Panangian asserts that the millenial market is a potential market that will continue to rise until it reaches its peak in 2030. Banks of mortgage lenders have now opened up to be accessible to this generation.

"One of the government banks has been seriously working on housing loans for this market segment," he said.

 

News Comment

Today's Industry

The President Director of PT Trimegah Sekuritas Indonesia Tbk (TRIM), Philmon Tanuri (left) delivered remarks at the kick off of Trimegah's collaboration with IA SBM-ITB in Jakarta on Wednesday (05/06/2024).

Jumat, 07 Juni 2024 - 19:43 WIB

Trimegah Sekuritas Supports Ikatan Alumni SBM-ITB to Realise Lifelong Learning Mission

In order to realise its mission of “Educate and create wealth for community through unique and professional investment experience”, PT Trimegah Sekuritas Indonesia Tbk (TRIM) collaborates…

Wellington College Independent School Jakarta (WCIJ)

Senin, 29 April 2024 - 05:02 WIB

One of the UK’s Most Established Schools Chooses Jakarta for Their Latest Opening

Wellington College Independent School Jakarta (WCIJ) is thrilled to announce its grand opening in September 2024! As the first private UK school to open in Indonesia, WCIJ, a pioneering co-educational…

Presiden Jokowi

Selasa, 23 April 2024 - 10:29 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…