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
Panangian Simanungkalit, founder of Panangian School of Property (Foto Dok -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.


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