Property Consultant Expects More Accurate Housing Data

By : Hariyanto And Aldi Firhand. A | Thursday, April 05 2018 - 21:11 IWST

Residence Illustration
Residence Illustration

INDUSTRY.co.id - Jakarta - Property consultant Colliers International expects data such as the number of housing units to house backlogs in various areas to be more accurate.

"With the cooperation of various parties is expected to create a more accurate 'landed house' (trail house) data," said Senior Associate Director of Colliers International Indonesia Ferry Salanto in Jakarta, Wednesday (4/4/2018).

To that end, he appreciated the cooperation efforts that have been raised by Bank Indonesia with the association of Real Estate Indonesia (REI) developers to fix the property data.

Moreover, Ferry believes that Bank Indonesia as an independent institution is also expected to further dig the information to the developer.

According to him, the current property data such as the number of "backlog" in Indonesia is actually derived from the estimates of less obvious origin.

"The backlog data, which is scattered nowadays is unclear where data comes from, most of which are only estimates," he said.

Previously, BI and REI signed a memorandum of understanding in Gedung Bak Indonesia, Jakarta, Monday (2/4).

BI Senior Deputy Governor Mirza Adityaswara said the cooperation was done because the central bank needed accurate data as a sure foundation to produce a decision related to the property sector.

He explained a number of these policies, among others related to the ratio of debt to loan (loan to value / LTV) needed as one of the prerequisites of obtaining a mortgage.

Mirza also expressed his hope that in 2018 which is often referred to as the political year, not to dampen the intentions of business actors to conduct economic activities.

Previously, data from the home.com page stated that the national property market in 2018 is expected to be more positive, continuing the trend that has formed throughout 2017.

While on the supply side, the property market slowdown is expected to occur in mid-2018 as the impact of Eid al-Fitr and National elections 2018.

The same thing is also expected to happen ahead of the legislative elections and ahead of presidential and vice presidential elections in 2019. (tar)

News Comment

Today's Industry

Huawei earns MOCN Partners Award from Indosat

Rabu, 31 Mei 2023 - 16:30 WIB

Huawei Recognized as Outstanding Partner from Indosat in MOCN Partner Awards for Successful Network Integration

Indosat Ooredoo Hutchison (Indosat), has achieved a significant milestone in its mission to connect and empower the people of Indonesia, after completed the merger in January 2022.

65 years APO Tokyo

Rabu, 31 Mei 2023 - 15:28 WIB

65th Session of the APO Governing Body in Mongolia: Assessing Progress, Celebrating Milestones, Shaping the Future

The Asian Productivity Organization (APO) successfully concluded the 65th Session of its Governing Body (GBM) with representatives of 19 APO member economies attending in Ulaanbaatar, Mongolia,…

World Fishing Championship, the First Fishing Game on WEMIX PLAY, Launches in 170 Countries (Graphic: Wemade)

Rabu, 31 Mei 2023 - 15:00 WIB

World Fishing Championship, the First Fishing Game on WEMIX PLAY, Launches in 170 Countries

Wemade officially launched World Fishing Championship, a fishing game developed by Wemade Plus, on May 25th in 170 countries.

President Jokowi launched the IKN logo, Tuesday (30/05/2023), at the State Palace, Jakarta. (Photo: Public Relations of Setkab/Agung)

Rabu, 31 Mei 2023 - 14:35 WIB

President Jokowi Launches IKN Logo Themed Tree of Life

Indonesian President Joko Widodo (Jokowi) officially launched the Indonesian Capital City logo (IKN), Tuesday (30/05/2023), at the State Palace, Jakarta.

Falcon 40B," the UAE's first large-scale AI model, is now open source for research and commercial use. (Photo: AETOSWire)

Rabu, 31 Mei 2023 - 14:05 WIB

UAE's Technology Innovation Institute Launches Open-Source "Falcon 40B"

The Technology Innovation Institute (TII), a leading global scientific research center and the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC), today strengthened…