Apartment Supply in Jakarta Will Increase This Year

By : Herry Barus And Aldi Firhand. A | Monday, April 09 2018 - 19:43 IWST

Apartment Illustration (Illustration)
Apartment Illustration (Illustration)

INDUSTRY.co.id - Jakarta - Property consultant Colliers International said that apartment supply in DKI Jakarta area is estimated to increase compared to previous years, because there is a project that will be continued until 2018.

Senior Associate Director of Colliers International Indonesia Ferry Salanto in a written statement in Jakarta, Sunday (8/4/2018) states, the reason for the increase in the supply of apartments, among others, due to some slow progress of construction of various apartment projects.

This, he added, also resulted in a number of delays due to slower unit sales, as well as licensing issues.

"Demand is not expected to differ significantly, resulting from a large supply by 2018. We believe that the property industry needs a stimulus or policy breakthrough that is implemented in order to encourage potential buyers to invest in property, especially in the upper and upper middle classes," he said .

He also believes that the Government's policy to facilitate the entry permit for expatriates to Indonesia is not expected to boost occupancy rate because there are still many additional supply in the future.

Previously, the survey Property Affordability Sentiment Index H1-2018 revealed, the people of Indonesia is increasingly interested in the apartment as a dwelling.

Based on the results of a survey conducted by the Home.com page, 60 of the 63 respondents who plan to buy shelter within six months ahead are interested in choosing an apartment as their dwelling.

"Apartments are the main target of shoppers for the first time, which in fact is mostly single," said Head of Marketing Rumah.com Ike Hamdan.

Apartments, Ike continued, generally have the advantage in terms of location and facilitation when compared with the home footprint.

According to her, at a relatively similar price with a tread house, the apartments offer a location close to the city center, equipped with complete commercial facilities, and not infrequently integrated with adequate transportation networks.

As many as 40 percent of single-time home seekers said they were interested in buying an apartment, 22 percent were not interested, and 38 percent were hesitant. Meanwhile, married respondents, 25 percent said they were not interested in buying an apartment, 38 percent were hesitant, and 37 percent were not interested.

"The home tread is still a prima donna for married home seekers, whether they already have children or not," Ike concluded.

News Comment

Today's Industry

N-Tron® Series NT5000

Kamis, 02 Februari 2023 - 12:25 WIB

New Gigabit Ethernet Switches From Red Lion Simplify Configuration With Robust Performance and Security Features

N-Tron® Series NT5000 gigabit industrial switches set a new standard for performance, reliability and ease of use, with security features designed to keep networks connected and protected Red…

PT Inocycle Technology Group Tbk (INOV)

Kamis, 02 Februari 2023 - 11:23 WIB

Rising Trends in Post-Covid Use of Recycled Products Benefit INOV

PT Inocycle Technology Group Tbk (INOV), an issuer engaged in recycling plastic bottle waste (PET) into Recycled Polyester Staple Fiber (RePSF), optimistic that its sales in 2023 will continue…

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…