Danger Threatens Property Industry If Millenials Do not Want to Buy Property

By : Ridwan And Aldi Firhand. A | Thursday, December 21 2017 - 09:34 IWST

Illustration of Property Decline
Illustration of Property Decline

INDUSTRY.co.id - Jakarta, Indonesia's property industry in the past few years is still practically lethargic. The reason, the millenials who become the largest group of property buyers for the next ten years still rule out to have a dwelling.

This prompted the Rumah123.com property site to conduct a study related to the needs of today's millennials. As a result, the majority of the millennia still do not think of home as the main necessity that must be owned.

"Millennials are more synonymous with traveling and purchasing luxury goods than home ownership," said Country General Manager Rumah123.com, Ignatius Untung in Jakarta (20/12). / 2017).

He added, from the results of the study found that the reference to own the house was correlated with income.

"Millennials earning between Rp3-5 million still place home ownership as a third priority, under traveling and purchasing gadgets and computers," he explained.

Meanwhile, people with income of Rp5-8 million instead put the property in fourth, after gadgets and computers, traveling, and cars. New home ownership is prioritized by groups earning more than Rp15 million.

Fortunately regretted the results of such research. According to him, buying property can help to manage finances and expenditures.

"Millennials are when they have a lot of money inclined consumptive, if only they want to lock the finances in one need, such as home, expenses should be maintained," he said.

"The price of the house in the future is getting higher, inversely proportional to the diminishing size." If it continues to be postponed, how will it be? " he added.

He then concludes, millenials do not buy a house not only because of disability, but also because of unwillingness.

News Comment

Today's Industry

Maybank Indonesia (Foto Ist)

Sabtu, 17 Maret 2018 - 23:00 WIB

BEI Notes Maybank Indonesia Bonds Rp645.5 Billion

Jakarta - Indonesia Stock Exchange (IDX) began listing second phase II bonds in 2018 issued by PT Bank Maybank Indonesia Tbk worth Rp645, 5 billion.

dr Karolin Margret Natasa Calon Gubernur Kalimantan Barat (Foto Dok Industry.co.id)

Sabtu, 17 Maret 2018 - 22:00 WIB

Election of Regional Head of West Kalimantan, Karolin Ready to Struggle Mechanization of Agriculture

Pontianak - West Kalimantan Governor Candidate, Dr. Karolin Margret Natasa said it would fight for the mechanization of agriculture for farmers in the Terentang district to support the increase…

Black Panther

Sabtu, 17 Maret 2018 - 21:38 WIB

Marvel Considers Sequel of 'Black Panther' Movie

The success of Marvel Studios' hit movie superhero by achieving a lot of achievements and making a lot of money, now Marvel Cinematic Universe (MCU) boss, Kevin Feige began considering his plans…

Lion Air (Foto Ist)

Sabtu, 17 Maret 2018 - 21:10 WIB

Lion Air Group Expedition, Many Discounts from BRI

Bank BRI again strengthen cooperation with Lion Air Group and Ministry of Tourism RI by implementing the event with Lion Air Group Expedition 2018 which was held from 16 to 18 March 2018 in…

Kartu Kredit Bank Mandiri (rino/industry.co.id)

Sabtu, 17 Maret 2018 - 21:00 WIB

Banking Credit Grows Eight Percent In February

Jakarta - Bank Indonesia said that banking loan portfolio in February 2018 grew eight percent (year-on-year / yoy), which indicated a widening of credit from the corporate sector.