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
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.
Read Also
Jababeka Together with Japan’s Largest Developer (Mitsui Fudosan…
Jababeka Together with Japan’s Largest Developer (Mitsui Fudosan…
Coming Soon: Orange Groves at PIK 2, A new Riverside Destination…
Gov’t Gears Up to Build Housing at Nusa Tenggara’s Disaster-Affected…
Gov’t to Renovate 1,405 Housing Units in Riau This Year
Today's Industry

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…

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…

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…

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…

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…
News Comment