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

PT Autopedia Sukses Lestari Tbk (ASLC)

Rabu, 25 Januari 2023 - 09:30 WIB

ASLC Successfully Surpasses 2022 Used Car Sales Target via Caroline.id

PT Autopedia Sukses Lestari Tbk (ASLC), a company engaged in used vehicles auction and trading of used cars, succeeded in selling 2,481 units of used cars through used car dealers under its…

A woman is paying her attention to the Jakarta Composite Index board movement. (Document of INDUSTRY.co.id)

Kamis, 05 Januari 2023 - 22:29 WIB

New Economic Board, GOTO Share Moves Closer to Global Indices

The presence of the New Economic Board on the Indonesia Stock Exchange (IDX) brings many benefits to PT GoTo Gojek Tokopedia Tbk (GOTO). One of them is getting closer to the shares listing of…

PT Alkindo Naratama Tbk (“ALDO”)

Senin, 19 Desember 2022 - 23:51 WIB

ALDO Aims 2023 Sales to Increase More Than Double

PT Alkindo Naratama Tbk (“ALDO”), a listed company engaged in the integrated paper and chemical business are optimistic that the Company's performance in 2023 will improve, in line with…

Lauren Blasco of ACV.

Senin, 19 Desember 2022 - 22:39 WIB

Indonesian Chamber of Commerce and Industry taps AC Ventures’ ESG head to join task force

The Indonesian Chamber of Commerce and Industry (KADIN) recently tapped AC Ventures’ (ACV) Head of ESG Lauren Blasco to join its newly formed ESG task force, an elite group of stakeholders…

The CIP Utilities & Automated Reporting Analytics allows plant managers

Senin, 19 Desember 2022 - 21:50 WIB

Emerson’s New Analytics Software Automates Utilities Monitoring and Reporting for Clean-in-Place Applications

Emerson: Today Emerson announced the release of its new Clean In Place (CIP) Utilities and Automated Reporting Analytics package delivered via PACEdge™ and Movicon™ platforms on an industrial…